Locked content BIK: banks issued 0.3% fewer credit cards in July

The number of credit cards issued by banks dropped by 0.3 percent to 79,400 in July this year. At the same time, the total amount of limits granted increased by 1.5 percent and amounted to PLN 451 million compared to July 2017 – the Credit Information Bureau (BIK) said. BIK also pointed out th...

Locked content UOKiK orders banks to settle accounts with clients

Seven Polish banks incorrectly reported changes in feesto their clients, antitrust watchdog UOKiK informed. The banks are Alior Bank, Bank Millennium, BZ WBK, Deutsche Bank, Idea Bank, Pekao SA, and Plus Bank. They will have to settle accounts with clients or make some services available for free. U...

Locked content Pengab banking sentiment grows in June

The Pengab index, which measures conditions in the banking industry, increased by 5.5  points month-to-month to 30.7 points in June, according to the Monitor Bankowy report issued by Kantar TNS.  Last year, the indicator stood at 22 points. The current indicator grew by 8.7 points m/m to 29.1 points...

Locked content BGK preliminary net profit for 2017 grows to PLN 518 million

Poland’s state-owned lender BGK preliminary net profit for 2017  grew to  PLN 518 million from PLN 349 million a year ago. Over the next years the bank plans to keep its net profit in a similar range to that recorded in 2016-2017, BGK CEO Beata Daszyńska-Mazurek said. Intensifying cooperation with c...

KPMG: banks still eager to finance real estate investments

The prospects for bank financing in the real estate market in Europe remain positive, with most banks having maintained or even increased their interest in lending activity in the sector over the last year, according to a recent survey conducted by KPMG among a total of almost 100 financial institut...

Locked content Poland to domesticate foreign banks – Morawiecki

Poland will seek to domesticate (if it cannot buy them outright) any foreign-owned banks that could be put on sale, Deputy Prime Minister and Development Minister Mateusz Morawiecki announced on Friday. “Speaking broadly, if a bank is put up for sale, then we would like its decision center to ...

Locked content Poland will seek chance to “repolonize” banks

Poland is seeking the chance to arrange the repolonization of foreign held bank assets – Poland will keep its eye on the “natural market space” to shift bank ownership to Polish hands if foreign banking groups are forced to sell their operations in Poland, deputy PM and Development...

Locked content Banks’ net profit grows 75 percent y/y in June

Poland’s banking sector recorded an aggregated net profit of PLN 2.73 billion in June, an increase of 75.5 percent y/y,  according to data from the central bank NBP. The growth is mainly the result of one-off revenues from the Visa merger transaction. In Q2, it amounted to PLN 4.82 billion and was 2...

Gov’t will impose banking tax on February 1

PiS MP Wojciech Jasiński said on Thursday that Poland will tax banks’ assets with a monthly rate of 0.0325 percent (0.39 percent a year) and insurers assets at 0.05 percent a month, starting on February 1 when the law is expected to come into force.