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...

NBP poll upgrades inflation estimates

Economist polled by Poland’s Central Bank (NBP), forecast the country’s inflation to amount to 1.9 percent this year, 2 percent in 2018, and 2.3 percent in 2019. “inflation will gradually increase in 2017-2019 but will remain below the NBP inflation target (2.5 percent), with 1.6-2.1 percent expecte...

80k people to take advantage of lower retirement age in Q4 – NBP...

As many as 80k people will retire in Q4 due to the recently lowered retirement age, deputy director at Poland’s Central Bank (NBP) Jacek Kotłowski said. “The number of people who will receive benefits in Q4 is slightly over 200,000 people, but we will lose about 80,000. The rest will either take ben...

NBP head: REITs could be risky

Poland’s plans to introduce law regulating real estate investment trusts (REIT) may bear risks due to the timing of the implementation, amid negative real interest rates, Polish Central Bank (NBP) President Adam Glapiński said.

NBP: Banking sector stable

Poland’s banking sector is stable and resilient, according to the latest financial stability report compiled by Poland’s Central Bank (NBP). However some actions should be undertaken to protect the sector from external factors such as Polish economy.

Bank profits down in Q1

The net profit of the Polish banking sector in Q1 amounted to PLN 2.84 billion, a 11.1 percent decline y/y, the data from the Poland’s Central Bank (NBP) showed. In March alone, profits amounted to PLN 1.18 billion, which was a 2.8 percent y/y growth. Profits from interest grew by 10.2 percent...

Locked content NBP: banks expect flat demand for loans in Q2

According to a survey conducted by Poland’s Central Bank (NBP), the banks don’t expect a major shift in demand for loans in Q2, despite not planning any further changes to the lending criteria, which were tightened in Q1. The only segment where they expect an increase is for long-term co...

Inflation to reach 2.1% this year, GDP 3.4% – NBP poll

According to the results of macroeconomic poll conducted among analysts by the Poland’s Central Bank,  inflation will reach 2.1 percent this year. In 2018, the inflation will reach 2.1 percent, while in 2019 it will grow to 2.4 percent, getting close to the NBP’s inflation target, which ...