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Bank

Poland's PKO BP bank posts 3rd quarter profit

Radek Pietruszka/PAP

PKO BP, Poland’s largest lender, posted a net profit of EUR 805 million after three quarters, a 77.3-percent increase year on year.

Polish finance minister named vice-chairman of Asian bank council

The Board of Governors of the Asian Infrastructure Investment Bank (AIIB) has named Poland’s finance minister as the vice-chairman of its council for the coming year, the Ministry of Finance announced on Tuesday.

CEO of Poland's largest bank resigns

The CEO of PKO BP bank, Poland’s largest bank, has quit his job.

Supreme Court issues no ruling on forex loans

Poland's Supreme Court deferred making a ruling on the case of loans denominated in foreign currencies on Thursday, instead asking the Court of Justice of the European Union (CJEU) to help it resolve a procedural issue on the appointment of judges.

Banking sentiment indicator up by 3.8 points m/m in June

Poland's banking sentiment indicator (Pengab) increased by 3.8 points month on month in June 2021 to 15.2 points, the Polish Bank Association (ZBP) and the Kantar TNS market research centre reported on Tuesday.

Poland's C/A surplus at EUR 1.6 billion after February - central bank

Poland's current account surplus hit EUR 1.62 billion after February 2021, against a surplus of EUR 3.34 billion recorded after January, according to National Bank of Poland figures released on Tuesday.

Poles amass a record PLN 1 trillion in bank accounts

The savings that Polish citizens keep in banks have topped PLN 1 trillion (EUR 216 billion) for the first time, an investment firm expert said on Wednesday.

Twenty-five Polish banks report EUR 330 mln in total losses in 2020

Poland’s financial supervisor has said eight commercial and 17 cooperative banks with a combined market share of 8.5 percent reported a total loss of PLN 1.5 billion (EUR 330 million) in 2020.

Poland's national bank intervenes in currency market - source

Poland’s national bank intervened on the currency markets on Friday to weaken the zloty, a source close to the bank told PAP Business.

Polish bank joins European Payments Initiative

PKO Bank Polski has joined the European Payments Initiative, an alliance of banks aiming is to create a unified payment solution for consumers and traders across Europe, the bank has announced in a press release.

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Culture | Life

Netflix braces itself for national backlash from diehard fans over its remake of legendary film Znachor

In anticipation of reaction to its modern-day take on the 1982 classic about an outstanding surgeon who loses his memory following an attack, Netflix posted on social media: "Ladies and gentlemen, Your Honour, this is Leszek Lichota as Rafal Wilczur. Znachor is coming to Netflix in the second half of the year."

The first report:

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Exclusive

Rzeszów scientists develop phone battery that charges in eight minutes and lasts 68 YEARS!

Produced by The Batteries, the new technology has already been dubbed “a game changer” by the industry press, with the firm hoping to begin large-scale production once work on their “pilot factory” is finished.

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