PLN 360 bln cleared through Elixir in March

Krajowa Izba Rozliczeniowa (KIR), Poland's automated clearing house (ACH), has recorded 148 million transactions, altogether worth 360 PLN billion in March. This is an increase of 11.4 million transactions and PLN 33 billion year-on-year. The value of Express Elixir transactions reached PLN 567 million last month. The monthly express transaction volume stood at nearly 119,000. Euro Elixir transactions amounted to 1.48 million, worth more than €8.3 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.