Banking sector profit significantly drops in October – NBP

Poland’s banking sector recorded an aggregated net profit of PLN 1.06 billion in October, according to data from Poland’s Central Bank (NBP), representing an 11.6 percent drop m/m. Year-to-date, the sector had PLN 12.7 billion net profit, the y/y change is not available due to a change in methodolog...

NBP: loans, mortgages up in October

The value of consumer credits grew by 0.7 percent or PLN 1.4 billion in October m/m and reached PLN 187.6 billion, Poland’s Central Bank (NBP) announced.

Locked content General government deficit seen at below 1% of GDP in 2018

The National Bank of Poland’s (NBP) forecast indicates that the general government deficit in 2018 is likely to be below 1 percent of GDP, and in 2019 it may fall slightly, according to the opinion of the Monetary Policy Council to the draft budget for 2019. “The Increase in total expens...

Locked content Base inflation at 0.9% in October – NBP

Poland’s base inflation (excluding food and energy prices) stood at 0.9 percent in October compared to 0.8 percent in September, according to the data released by Poland’s Central Bank NBP. Inflation excluding state-controlled prices amounted to 1.8 percent versus 1.9 percent a month ear...

Locked content NBP: payment cards in Poland reach 40 mln

The number of payment cards in Poland reached 40.2 million at the end of Q2, Poland’s Central Bank (NBP) informed, which is 1.7 percent more q/q and is the first time that the 40 million threshold has been surpassed. Overall, 31.7 million debit cards and 5.9 million credit cards have been issued. As...

Inflation is expected to grow in H1 2019

The majority of Monetary Policy Council members estimated that inflation in H1 2019 will increase, but will be close to the inflation target (2.5 percent y/y +/- 1 percentage point), according to “minutes” from the meeting published by the National Bank of Poland (NBP).

NBP increases gold reserves to record level

Central Bank NBP increased its reserves in gold to the highest level in at least 35 years, data from the International Monetary Fund showed. They grew from 4.4 metric tons in August to some 117 tons in September, which according to the fund is the highest growth since January 1983.

Locked content Banking sector profit inches up in August – NBP

Poland’s banking sector recorded an aggregated net profit of PLN 1.31 billion in  August, according to data from Poland’s Central Bank (NBP), representing a 1.9 percent growth m/m. At end-August, the sector had PLN 10.43 billion net profit, the y/y change is not available due to a change in methodol...