Interest Rates Steady for Now: No Holiday Gift for Borrowers from the MPC

We are approaching the last decision of the Monetary Policy Council on interest rates for this year. Can we expect a "gift" from the MPC? Most economists largely agree...

Poles save on clothes and entertainment to pay bills

"Every second Pole (52.1 percent) indicates that they would try to pay all the...

Fewer Loans, Lower Values: October 2024 Highlights Decline in Micro-Enterprise Financing

In October 2024, compared to October 2023, banks granted fewer loans to micro-enterprises (-6.7%)...

Changes in the Credit Market in Poland: What Did October 2024 Bring?

In October 2024, compared to October 2023, banks and credit unions granted more cash...

Polish Industrial Sector Debt Reaches 1.19 Billion PLN, Including 370 Million PLN in Unpaid Invoices

The furniture, electric battery, and vehicle and machinery parts manufacturing industries are all currently...

Record-Breaking Losses: Natural Disasters Cost $380 Billion in 2023

The global economic damage due to natural disasters reached 380 billion dollars last year, according to Aon's "Climate and Catastrophe Insight" report. The...

2024: Banks Must Adapt to ESG and Risk Management Demands

In 2024, finance industry companies will continue to operate in the challenging market conditions that have accompanied them for the past few years. Despite...

Insurance Costs on the Upswing, But Rate Hikes Cool Down

Insurance rates around the world increased by 2% in the fourth quarter of 2023 (down from 3% in Q3 2023), according to a recent...

Polish Factoring Demonstrated Resilience in 2023. Slight drop in turnover, but fourth quarter with positive momentum

The Polish factoring industry ended 2023 with a slight decrease in turnover by 2.3 percent. This rate was, however, lower than at the end...

Poles Love Cash, EU Wants Limits: Clash Ahead?

Poland is a country where cashless payments are highly developed. Despite this, Poles love for cash is only growing stronger. In 2023, as many...

Micro-entrepreneurs Boost Borrowing Despite Investment Lag

Micro-entrepreneurs in 2023 were more likely to use bank loans. According to the Credit Information Bureau (BIK) data, the sale of loans to this...

Polish Banks and SKOKs Issued More Loans in 2023 Than Ever Before

In December 2023, in comparison to December 2022, in numerical terms banks and Credit Unions (SKOK) granted more of all types of credit products: -...

Interest-Bearing Accounts, Real Estate, Cryptocurrencies – How Poles Multiply Their Savings

Almost half of Poles are saving money to secure themselves against the effects of inflation, according to the "Savings Barometer 2023" study from the...

BIK predicts further credit action growth in 2024 after double-digit increases in 2023

In Poland, the volume of loans and credits taken out by borrowers is increasing steadily. By the end of 2023, the total amount of...

Loan market in Poland shows signs of resilience in December

In December, loan institutions, excluding companies offering deferred payments, granted 330 thousand loans for a total amount of PLN 1.139 billion - as concluded...

ECB: Rate Cut in Summer?

In recent days, ECB representatives have issued increasingly precise statements - to the point that they resemble forward guidance. Whether the bank will indeed...

Will Christine Lagarde Be Able to Calm Rate Cut Expectations?

Today, the European Central Bank (ECB) makes its decision regarding interest rates. We should not be expecting any changes in the parameters of...

Polish Retirees’ Debts Continue to Decline, but Average Debt Rises

The debt of retirees by the end of 2023 amounted to just under 6 billion złotys. Out of the 6.14 million people receiving pensions...

Interest rate cuts expected in the second half of the year. RPP to follow ECB’s lead

Discounts are expected, but they are likely to be delayed by a quarter. The European Central Bank (ECB) is likely to wait for decisions...

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