KNF and NBP need to merge – Central Bank head

Poland’s Central Bank (NBP) President Adam Glapiński said in Sejm, that it is necessary to merge the central bank with the Financial Supervision Authority (KNF) in order to create one macro-prudential supervisory body. “Micro-prudential supervision is of particular importance, as the effective funct...

Locked content Polish banking sector ‘exemplary’ – NBP head

Poland’s banking sector stability is exemplary, the situation of the sector is good and FX mortgages do not pose a risk for sector stability, Poland’s Central Bank (NBP) head Adam Glapiński said. “We have a very good banking system and a very high level of professionalism of bank managem...
Adam Glapiński /Image: NPB

Sejm elects Glapiński as new NBP governor

With 284 MPs voting for, 124 against and 34 abstaining, the lower chamber of parliament has chosen presidential candidate Adam Glapiński as the new president of the central bank NBP.  He will replace Marek Belka, whose six year tenure ends this month.

Locked content Belka: Poland’s labour market situation very good

Head of central bank NBP Marek Belka said that the situation on the labor market is very good and it could lead to wage growth and falling inflation. “A very good situation on the labor market – as usually is the case around the world – leads to a revival in wages. Why would this&#...

Locked content NBP head candidate: Polish bank tax “very high”

Adam Glapiński, the presidential nominee for the post of head of the central bank, said that Poland’s tax on banks and insurers assets is “very untypical and very high, but hasn’t caused any major problems,” PAP reported. The government could yet enact unspecified changes, he...

Locked content Belka: Glapiński would be a good successor

Head of the central bank NBP, Marek Belka, told private radio broadcaster TOK FM that Adam Glapiński would be a good president of the bank after him. “I hope he will continue the present policy. I sincerely wish … him this,” Belka said. Glapiński is a central bank board member and ...