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...

Locked content Banking sector net profit down 1.1% in I-VII

Poland’s banking sector recorded an aggregated net profit of PLN 9.3 billion in January-July 2016, according to data from the Financial Supervision Authority (KNF). It fell by 1.1 percent year-on-year. Net income from banking activity stood at PLN 35.9 billion and increased by 10.3 percent y/y. Bank...

Locked content Morawiecki: Adjusted banking and retail taxes in 2017

“Poland could adjust, without significantly loosening or tightening, its banking and retail taxes in 2017,” Deputy Prime Minister and Development Minister Mateusz Morawiecki announced during the Economic Forum in Krynica on Tuesday. “We’re facing a potential discussion in the...