Jakub Papierski, vice-president of PKO Bank Polski (PKO BP) board, said in New York that the main goal facing his bank, after Poland had been reclassified by the FTSE Russell agency to "developed market", is to gain new investors.
After Poland’s Russian flop money will flow into new football infrastructure, better coaching and the search for young talent.
PKO will use technology developed by Coinfirm, a Polish start-up that describes itself as the “go-to hub for blockchain research”, and a company that has a burgeoning reputation on the European high-tech scene.
Contactless i-payments arrive in Poland.
Poland's flagship bank PKO BP posted PLN 757 mln (EUR 176 mln) in net profit in the first quarter of 2018, above the consensus expectations at PLN 704.8 mln (PLN 163.7 mln) and up from PLN 525 mln (EUR 122 mln) in the first three months of 2017.
The Polish economy will expand at a 4.6 percent rate in 2018 and will slow down to 3.7 percent in 2019, PAP was told by Piotr Bujak, the chief economist of the country's biggest bank PKO BP.
The economic research team of Poland's biggest bank PKO BP has topped the ranking of economic forecasters for 2017 as prepared by the UK-based survey organisation Consensus Economics, the bank said in a statement.