Funeral benefit will increase to 7,000 PLN only in 2026 – the funeral industry appeals for quicker action

"What about the still high inflation and the rise in energy, gas or other components that will certainly affect the price of funeral services over the next two years?"...

Polish Debt Hits Record 86.5 Billion PLN: Rising Living Costs Blamed by 60% of Debtors

Sixty percent of indebted Poles believe that if not for the rising cost of...

Polish Banks Brace for Stricter EU AML Regulations

The time for the implementation of EU regulations concerning anti-money laundering (AML) is running...

Poles fear the cost of living increase – as many as 80% expect higher bills

The Central Statistical Office announced that in October 2024, consumer goods and services prices...

Poland Stands Out Positively in the EU: Low Housing Debt Relative to Income

Recently, interesting data has appeared for EU countries, showing household debt in relation to...

The financial sector does not utilize the potential of the cloud

Less than 40% of managers in the financial sector are fully satisfied with the effects of using the cloud. 84% of banks and...

Extreme weather events will become more frequent. This could lead to problems with insurance availability

The frequency of extreme events - such as floods, inundations, hurricanes, hailstorms, fires, droughts, and heatwaves - is increasing due to climate change. Financial...

Nearly half of Polish respondents do not want the bank to use AI solutions

From the GFT Banking Disruption Index report, it follows that although Poles show significant satisfaction with banking applications, their attachment to banks remains questionable....

Bank Pekao Achieves Record Net Profit of PLN 1.828 Billion in Q3 2024, Surpassing Strategic Goals

The third quarter was the best in history for Bank Pekao in terms of net profit, which amounted to PLN 1.828 billion. This was...

The End of WIBOR: What Will Replace Poland’s Reference Rate by 2027?

For nearly two years, work has been ongoing on the reform of reference rates - that is, the intended replacement of the Wibor index...

Housing Loan Demand Drops by 16.5% YoY in October 2024, but Month-to-Month Applications Rise

The value of inquiries for housing loans fell by 16.5% year-on-year in October 2024, according to the BIK Housing Loan Demand Index. The Index's...

Polish Leasing Market Grows by 10% to PLN 79 Billion in First Nine Months of 2024

The latest data from the Polish Leasing Association indicates that leasing companies provided financing of PLN 79 billion during the first nine months of...

Decline in the number and value of loans for micro-entrepreneurs in September 2024

In September 2024, compared to September 2023, banks granted fewer loans to micro-entrepreneurs, both in quantity (-13.7%) and value (-11.5%). In terms of number,...

Every fourth Pole is behind on payments for internet and television. Debts have exceeded 2 billion PLN.

Over a quarter of all indebted Poles have unpaid multimedia bills, according to ERIF Economic Information Bureau. By the end of the third...

Digitization of credit processes increases customer engagement by up to 60%

Introducing digital solutions in banking significantly increases customer engagement - even by 60% compared to traditional bank branch visits, according to the analysis of...

Securitization will accelerate the development of the economy in Europe

The need to boost the competitiveness of the European economy and new regulatory requirements related to long-term bank financing will support the further development...

Overview of Poland’s Non-Bank Loan Market

The Polish non-bank loan market is based on two main distinct, specific product segments. The first one are purpose loans, characterized by the low...

Foreigners Spent Billions in Poland – Mainly on Shopping and Accommodation

In 2023, foreign spending in Poland reached a level of 44.3 billion PLN, an increase of 18.3% compared to the previous year, according to...

Bank Millennium Sets 2028 Growth Goals: Expanding Corporate and Retail Reach

Bank Millennium has announced a new strategy for 2025-2028. The "2028 Strategy – Value and Growth" aims for rapid expansion in both corporate and...

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