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 ...

NBP with PLN 9.2 bln profit for 2016

Poland Central Bank (NBP) had a PLN 9.2 billion profit last year, up from PLN 8.28 billion in 2015. The record-high result stems mostly from foreign exchange adjustments and reserve funds management, NBP said in a statement.

Locked content NBP: Bank profits inches up in February

The net profit of the Polish banking sector in February amounted to PLN 845 million, a 1.6 percent increase y/y, the data from the Poland’s Central Bank (NBP) showed. Profits from interest grew by 11.1 percent y/y to PLN 3.42 billion, fees and commissions grew by 9.2 percent to PLN 1.07 billio...

Locked content KNF should merge with NBP – Chrzanowski

President of the financial market regulator KNF Marek Chrzanowski said that his organization should be merged with the Poland’s Central Bank (NBP). According to him, both institutions would profit from such merger as KNF oversees micro-prudential factors, while NBP is a macro-prudential superv...
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NBP no longer has Euro Integration Office

The National Bank of Poland has closed its Euro Integration Office and has renamed its Convergence and Competitiveness Office into the Competitiveness Office, according to the website of NBP’s Economic Institute. The task of “preparing periodic reports on the status of real, nominal and structural c...