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KNF

Today’s news round up in Poland

Today’s news round up in Poland Kalbar/TFN

Start your day with a summary of today’s top stories from Poland’s leading news sites.

Idea Bank hit with EUR 2.2 million fine by supervisory body

Poland's Idea Bank has been fined PLN 10 million (EUR 2.2 million) by the country's Financial Supervision Authority (KNF), the company said in a statement.

President to seek measures easing credit repayment burden due to virus

President Andrzej Duda will seek measures to alleviate the credit repayment burden to companies and individuals over the consequences of coronavirus, the president tweeted on Wednesday.

Gov't for more surveillance over foreign insurers

The government on Tuesday passed a bill obliging the Financial Supervision Authority (KNF) to raise its supervision over foreign insurers.

Polish banking sector nets EUR 2.78 bln in Q1-Q3

The Polish banking sector posted a net profit of PLN 11.86 bln (EUR 2.78 bln) in the first three quarters of 2019, up by 2.86 pct on the same period of 2018, the Polish Financial Supervision Authority (KNF) said in a Friday report.

mBank's parent Commerzbank approves strategy; seeks to sell lender

Listed lender mBank's German parent Commerzbank approved a new business strategy assuming the sale of majority stake in the Polish unit, mBank said in a market filing out Thursday evening.

Polish banking sector nets EUR 2.7 bln in January-September

The Polish banking sector posted a net profit of PLN 11.63 billion (EUR 2.71 billion) in January-September 2018, up 10.8 percent year on year, the Polish Financial Supervision Authority (KNF) said in a Thursday report.

Top 5 articles:

  • Over 100,000 slaughtered with axes, pitchforks, scythes and knives: The Wołyń massacre started 76 years ago today and lasted for two years
  • The systematic massacre of all children under 10 will forever be a stain on humanity, says TFN’s Stuart Dowell
  • Mayor offers reward to first couple to have a boy in village where only girls are born
  • It’s official! Kraków is the best place in Europe for food, says European Academy of Gastronomy
  • Poland in COVID-19 LOCKDOWN! PM orders bars, restaurants, shopping centres and borders closed - and cancels ALL flights
Culture | Life

Jerzy Skolimowski's ‘emotional’ road movie about a melancholic donkey is nominated for 2023 Oscars

Chosen alongside All Quiet on the Western Front, Santiago Mitre's Argentina 1985, and the Banshees of Inisherin, Skolimowski’s film is billed as a dark exploration of humanity, technology and nature.

The first report:

  • Polish ambassador to EU hosts meeting on aid for Ukraine
  • Opposition leader slams ruling party's electoral code changes
  • Trial of Polish activist in Belarus continues
  • Polish FDI in Ukraine to grow significantly in coming years
  • Polish PM tells French TV West should be bolder in supporting Ukraine

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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