KIR cleared transactions worth PLN 437.31 bln in December. PLN 4.76 trillion in 2017

Krajowa Izba Rozliczeniowa (KIR), Poland’s automated clearing house (ACH), recorded 154.96 million transactions, in total worth PLN 437.31 billion, in December. For the full year, the number of transactions reached 1.8 billion worth PLN 4.76 trillion, a 4.8 percent y/y increase in number and 7.7 percent y/y increase in value. The value of Express Elixir transactions reached PLN 1.99 billion last month. The monthly express transaction volume stood at record-high 674.67k. For the whole 2017, the number of instant transactions reached 4.96 million (84 percent growth) worth PLN 16.98 billion (up by 66 percent). Euro Elixir transactions amounted to 2.38 million and were worth €14.86 billion in December. For the whole year, the numbers stood at 27.21 million transactions (up by 23 percent) worth €156 billion (34 percent growth).