Friday, December 20, 2024

USA-China Tensions Transform Global Market

After the U.S. elections, relations between the...

Nearly 50% of Poles Plan to Save More on Holiday Spending Than Last Year: Cutting Costs “A Little on Everything,” Especially on Alcohol and...

According to the report titled “Poles’ Holiday Savings. December 2024”, over 49% of Poles plan to cut back on holiday spending more than they did last year. This trend...

Holiday Spending on Credit: 11% of Poles Plan to Take Out Loans, but the Borrowing Trend Is Declining

This year, 11.2% of Poles intend to take out a cash loan or borrow...

Teenagers Who Discuss Finances at Home More Often Use Financial Products and Plan for Investments

Teenagers who discuss finances at home are more likely to use financial products, financial...

One in Four Poles Goes Into Debt to Organize Lavish Christmas Celebrations

A quarter of Poles go into debt to organize extravagant Christmas celebrations, with 6%...

Banks in Central and Eastern Europe (CEE) Continue Appetite for Commercial Real Estate Financing, ESG Shapes New Strategies

Banks in Central and Eastern Europe (CEE) remain eager to finance commercial real estate...

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...

Cinkciarz loses payment integrator status – what’s next for the company?

Cinkciarz (Conotoxia Sp. z o.o.) has lost its status as a national payment integrator. By the end of the year, it must cease operating...

Poles’ Savings Habits Uncovered: Insights from the 2024 Provident Barometer

In one of the cyclic Provident Barometers, Poles were asked about their financial plans for 2024 - as part of New Year's resolutions, as...

Companies Interested in Ukraine’s Rebuilding with the New Support Instrument. Preferential Loans to Start in Early 2025

The budget for a new support instrument for Polish companies interested in participating in the reconstruction of Ukraine amounts to PLN 250 million (approximately...

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