The year-on-year 0.5-percent increase in Poland's sold industrial production in June is beating all forecasts.
The establishment of a Business Council grouping the presidents of the biggest companies of Central and Eastern Europe (CEE) was announced at the World Economic Forum in Davos on Tuesday by Polish Deputy Prime Minister, Minister of State Assets Jacek Sasin.
The Polish government will seek to further expand state ownership in the country's financial sector, Deputy Prime Minister and State Assets Minister Jacek Sasin told a Saturday conference in Torun, northern Poland.
CEO of Bank Pekao SA, the country's second largest bank by assets, Michal Krupinski tendered a resignation effective immediately on Friday, motivating his decision with the desire to continue his career outside of Poland.
Customers of Poland's major bank Pekao can now open an account using a special app, with their identity verified online through a selfie they make and a photo of their ID card, the bank's CEO Michał Krupiński told reporters on Thursday.
Four of the top five banks and five of the top ten are Polish, with PKO Bank Polski leading the way, just ahead of Bank Pekao and Bank Gospodarstwa Krajowego (State Development Bank).
Stress tests were conducted on a sample of 48 banks from the European Union and Norway, covering approximately 70 percent of assets of the European banking sector. PKO Bank Polski, which came first, was audited directly by the EBA.
The results of an EU-wide stress test of 48 banks shows that Polish bank PKO BP is the most resilient to a common set of adverse economic developments. Bank Pekao also came in the top three of the tests conducted by the European Banking Authority (EBA).
Polish Bank Pekao and software giant Microsoft sealed a strategic partnership agreement at the 28th Economic Forum in Krynica (southern Poland) on Tuesday.
Contactless i-payments arrive in Poland.