Residential real estate prices grew in Q4 – NBP

Residential real estate prices in Poland’s seven biggest cities on the primary market increased in Q4 in y/y terms but dropped q/q, central bank NBP data showed. At end-Q4 2017, the average price of sqm on the primary market amounted to PLN 7,112, while in Q4 2016 it stood at PLN 6,800, while ...
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Glapiński: cryptocurrencies make no sense for Polish economy

NBP head Adam Glapiński stated that “introducing [cryptocurrencies (like Bitcoin)], makes no sense for the Polish economy, as they only bring anxiety and provide room for speculation,” and that Poland will follow other European economies: “if they ban cryptocurrencies, so will Poland,” he said in an...

Base inflation at 0.9% in December – NBP

Poland’s base inflation (excluding food and energy prices) amounted to 0.9 percent in December y/y. In m/m terms it remained unchanged, according to data released by Poland’s Central Bank NBP.

Housing market in high activity in Q3 – NBP

The housing market in Q3 saw an increase in supply and demand, central bank NBP said in its report. “This activity has not generated excessive tensions yet, but the growing mismatch of housing supply to high demand was accompanied by small price increases,” the report stated.

Locked content Average Polish household has assets worth PLN 264k – NBP

According to data released by Central Bank NBP, in 2016, the average net assets of Polish household amounted to PLN 264,000.  “The average net assets of a household in 2016 amounted to PLN 263.6 thousand. Its net value was primarily determined by material assets, predominantly the value of the main ...

Locked content Banking sector profit grows by 15.6% in November – NBP

Poland’s banking sector recorded an aggregated net profit of PLN 1.09 billion in  November, according to data from Poland’s Central Bank (NBP), representing a 15.6 percent growth y/y. At end-November, the sector had PLN 12.79 billion net profit, down by 2.1 percent y/y. Operational costs stood at PL...

Locked content Over 38 mln credit cards issued in Poland – NBP

The number of payment cards in Poland reached 38.51 million at the end of Q3, Poland’s Central Bank (NBP) informed. Out of this number, 90.5 percent of cards were issued to individual clients, with the rest for business clients. As many as 79.5 percent issued cards had contactless pay option enabled...