Locked content NBP expects banks to tighten loan criteria

Central bank NBP expects that Polish lenders will tighten their lending criteria for both corporate loans and mortgages in Q1. Such are the results of the quarterly poll among the lenders credit committee managers. The banks expect a significant drop in demand for housing loans and unchanged for cor...

Locked content 62% of bankers positive about prospects for 2019

Almost two-thirds of bankers (62 percent) are looking at 2019 with optimism, which is about 6 percentage points more than a year ago. At the same time, 38 percent view the current year with fear and anxiety. According to 55 percent of respondents, this year the costs of operating banks will increase...

Locked content KNF: banking sector net profit up 8.7% y/y in Jan.-Oct.

Poland’s banking sector net profit in January-October amounted to PLN 12.7 billion, an increase of 8.7 percent y/y, Polish Financial Supervision Authority (KNF) reported. Net interest income increased to PLN 38.12 billion compared to PLN 35.22 billion in January-October 2017. Commissions income decr...

Banking sector profit significantly drops in October – NBP

Poland’s banking sector recorded an aggregated net profit of PLN 1.06 billion in October, according to data from Poland’s Central Bank (NBP), representing an 11.6 percent drop m/m. Year-to-date, the sector had PLN 12.7 billion net profit, the y/y change is not available due to a change in methodolog...

Locked content Polish banking sector with stable outlook – Fitch

The outlook of the banking sector in Poland is stable, reflects their good financial condition and good liquidity based on deposits of domestic customers – Fitch said in a report on banks from the CEE. Fitch believes that the expected slowdown in economic growth will cause a moderate slowdown ...

Locked content Regulators assure investors that Polish financial system is stable

Financial Stability Committee KSF said on Monday the Polish financial system is stable after the Financial Supervision Authority KNF head Marek Chrzanowski resigned last week amid a corruption scandal. KSF which consists of Central Bank NBP, KNF, the Ministry of Finance, and the Bank Guarantee Fund ...

Locked content Banking sector Q3 net profit at PLN 4.1 bln

Poland’s banking sector net profit in January-September amounted to PLN 11.63 billion, an increase of 10.8 percent y/y, Polish Financial Supervision Authority (KNF) reported. The Q3 net result stood at PLN 4.1 billion, 1.5 percent lower versus Q2. The interest income in Q3 reached PLN 11.73 bi...

Locked content Pengab banking sentiment declines in October

The Pengab index, which measures conditions in the banking industry, fell by 0.6 points month-on-month to 26 points in October, according to the Monitor Bankowy report issued by Kantar TNS. A year ago the indicator stood at 25.8 points. The current indicator dropped by 0.7 points monthly to 20.8 poi...

Locked content KNF: Banking sector grows 11.7% at end-August

The banking sector recorded an aggregated net profit of PLN 10.43 billion at end-August, according to data from the Financial Supervision Authority (KNF), representing an 11.7 percent growth y/y. Banks’ net interest income grew by 8.6 percent y/y to PLN 30.33 billion. Net fees and commissions came i...

Locked content Banking sector profit inches up in August – NBP

Poland’s banking sector recorded an aggregated net profit of PLN 1.31 billion in  August, according to data from Poland’s Central Bank (NBP), representing a 1.9 percent growth m/m. At end-August, the sector had PLN 10.43 billion net profit, the y/y change is not available due to a change in methodol...