PLN 334 billion cleared through Elixir in May

Krajowa Izba Rozliczeniowa (KIR), Poland's automated clearing house (ACH), has recorded 134.4 million transactions, altogether worth 334.4 PLN billion in May. This is an increase of 3.3 million transactions and a decrease of PLN 16 billion year-on-year. The value of Express Elixir transactions reached PLN 521 million last month. The monthly express transaction volume stood at nearly 116,000. Euro Elixir transactions amounted to 1.46 million, and were worth more than €8 billion. Krajowa Izba Rozliczeniowa was established in 1992 on the initiative of Związek Banków Polskich (The Polish Bank Association), 16 biggest banks and the National Bank of Poland. The organization provides clearing services for electronic transactions within Poland.