After six months of the COVID-19 epidemic, Poles still assess their financial situation as good, however, the proportion of pessimists in this matter has grown, according to a study by the Santander Consumer Bank (SCB).
The Polish banking sector posted a net profit of PLN 4.35 billion (EUR 0.98 billion) in January-July 2020, a 52.1 percent decrease year on year, the National Bank of Poland (NBP) said in a Tuesday report.
The growing demand for mortgages in Poland is not translating into banks' willingness to offer them as total mortgage sales are still one-fourth lower than a year ago, the Dziennik Gazeta Prawna broadsheet wrote on Thursday.
Every sixth Pole is making online purchases amid the coronavirus pandemic and e-shopping is gaining popularity, primarily among the inhabitants of large cities, according to a study prepared by Santander Consumer Bank (SCB).
Santander Bank Polska's 1st quarter net profit fell to PLN 170.9 million (EUR 37.78 million) from PLN 339 million (EUR 74.93 million) in the 1st quarter of 2019, the bank has announced in a report.
Ratings agency Moody's has maintained a stable outlook for the Polish banking system despite the fact that the country is likely to see its first recession in 29 years.
The Polish banking sector belongs to one of the strongest in the world. It has high liquidity and capital at a level that most European countries can envy us, President of the Polish Development Fund (PFR) Pawel Borys wrote on Monday.
President Andrzej Duda has appealed to banks to consider a 3-6 month payment suspension for private and corporate borrowers in connection with the spreading coronavirus epidemic.
Teresa Czerwinska, a management board member of the National Bank of Poland (NBP) and a former finance minister, will become a vice-president and management committee member of the European Investment Bank (EIB) from March 1, the EIB announced on Thursday.
Poland's PKO BP Capital Group formed around Poland's biggest state-owned bank closed 2019 with profits at PLN 4,03 billion (EUR 950 million), the highest in the bank's history. PKO BP also raised its client pool to 10.9 million, including 4.2 million online users.