The seven-month net profit of Poland's banking sector surged by 37% y/y to PLN 9.06bn, the financial market regulator KNF reported. The net interest earnings grew by 13.9% y/y to PLN 19.8bn. The net provisioning narrowed by 32.5% on the year to PLN 4.3bn in January-July. The total banking system assets increased by 7.4% ytd to PLN 1.16tn. |
The European Commission is referring Poland (and Cyprus) to the Court of Justice of the European Union for failing to fully transpose EU's Renewable Energy Directive, according to the ... more
The ZEW-Erste Group Bank Economic Sentiment Indicator for Poland (economic expectations) surged by 22.3pts m/m to 42.9pts in February, according to a report by the Center for European Economic ... more
When Poland joins the euro-zone, it will have to transfer EUR 5.47bn of its foreign-currency reserves to the European Central Bank, according to a statement by the ministry of finance. The ... more