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There’s always room for more tech in finance

In Poland, it is banks, not just start-ups that spearhead the FinTech revolution. They have strived to remain at the cutting edge for two decades now. With the introduction of the PSD2 directive, they may face some competition from start-ups, but some are already prepared for the changes and others ...

Locked content Duda submits new bill on FX mortgages

President Andrzej Duda submitted his version of the bill aimed to help those with FX mortgages (mostly in Swiss Francs). It proposes to expand the current fund set up to support those with problems in paying off their mortgages and setting up a new one for restructuring FX mortgages. Establishing th...

Locked content Over 21% of Poles don’t have bank accounts

According to the study published by Poland’s Central Bank (NBP), as many as 21 percent of Poles don’t have a bank account. The majority of people without such account is aged 18-24 (42 percent don’t have one) and 59 and older (43 percent). According to the study half (52 percent) o...

Locked content ING Bank Śląski with PLN 255 mln net profit in Q4

WSE-listed ING Bank Śląski, Polish unit of Dutch ING, had PLN 254.9 million attributable net profit in Q4, missing the consensus which stood at PLN 271.8 million. Mainly due to provisions and costs outrunning both market expectations and fast-rising core revenues, the lender said in its Q4 financial...

Locked content PKO BP has almost 2 million mobile banking users

The number of unique users who logged in at least once to their account at PKO from a mobile device in 2016 approached a record level of 2 million, the bank has announced. “PKO PO is consistently building its presence in digital channels and constantly invests in their development. In recent y...

Locked content Assets and loans up, profits down for BNP Paribas

Loans and household advances issued by the bank BGŻ BNP Paribas grew by 2.7 percent, y/y, the company stated. During the period January to October of 2016, there were 927,390 more loans to individual entrepreneurs and farmers than during the same time period in 2015. Approximately 42 percent of hous...
Michał Krupiński

Banking on banks

WBJ Observer spoke with Michał Krupiński, CEO of PZU, Poland’s biggest insurer, about its plans to repolonize foreign banks and the current economic climate

Locked content NBP: Consumer loans up 0.8%; housing loans down 0.2%

The value of consumer credits increased by 0.8 percent or PLN 1.29 billion in August month-on-month and reached PLN 161.4 billion, the National Bank of Poland (NBP) announced on Thursday. The NBP also informed that the value of mortgages taken by households declined by 0.2 percent in August m/m to P...