NBP: loans up, mortgages down in August

The value of consumer credits increased by 0.4 percent or PLN 739 million in August month-on-month and reached PLN 172.1 billion, the Poland’s Central Bank (NBP) announced.

Locked content Banking sector profit grows by 25.1% in July – NBP

Poland’s banking sector recorded an aggregated net profit of PLN 1.22 billion in July, according to data from the Poland’s Central Bank (NBP), representing a 25.1 percent growth y/y. At end-July, the sector had PLN 8.09 billion net profit, down by 12.5 percent y/y. Operational costs stood at PLN 2.6...

Base inflation flat at 0.8% in July – NBP

Poland’s base inflation (excluding food and energy prices) amounted to 0.8 percent in July y/y. In m/m terms, it remained unchanged, according to data released by Poland’s Central Bank NBP. Other measures published by NBP, remained either flat as well, or went up, including without administrative pr...

NBP reserves drop in July

Poland’s Central Bank’s (NBP) reserves stood at €93.6 billion at end-July and were €4.4 billion lower than last month, according to the NBP’s official reserve data published on Monday. Reserves denominated in USD have dropped by $1.9 billion to $109.8 billion.

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...