Saturday, September 28, 2024

Financial Priorities and Concerns of Generation Z

The cost of living, associated with the rising prices of housing, food, and energy, compounded by global tensions triggered by situations such as the war in Ukraine, is noticeably...

Polish Non-Bank Loan Market Sees Significant Growth in Both Purpose and Cash Loans in August 2024

The Polish non-bank loan market is divided into two main product segments: purpose loans...

Decline in Indebted Farmers Recorded, but Experts Warn of an Incomplete Picture

At the end of June this year, entries concerning 1.5 thousand unreliable debtors from...

Decrease in the Number of Indebted Poles, but Average Debt Continues to Rise in 2024

Data from three different registers indicate that by the end of the first half...

Loan Growth in Poland: August 2024 Sees Increases Across Mortgage, Cash, and Installment Loans

In August 2024, compared to August 2023, banks and credit cooperative organizations (SKOKs) granted...

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...

Debts of seniors are increasing at a faster rate than in other age groups

Seniors' debt increased by nearly one billion zlotys to 11.6 billion zlotys in the last year, making it the fastest-growing debt group after 18-25...

Tax compliance and technology are key challenges for CFOs in Poland

The EY study - Tax Compliance and CFO Priorities in Poland - indicates that the main concerns of Polish CFOs and chief accountants are...

Polish people look to 2024 with optimism, but financial concerns loom large

Poles anticipate improvements in the country's situation and in their private lives, but primarily in finances. Six out of 10 Poles believe that the approaching...

RPP Hold Rates Steady, Focus on Inflation Uncertainty and Economic Rebound

The lack of interest rate changes at the first meeting of the Monetary Policy Council (RPP) this year was no surprise to anyone. The...

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