Thursday, December 5, 2024

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...

Decrease in Value and Number of Loans Granted to Micro-Enterprises – Data for May 2024

In May 2024, compared to May 2023, banks granted fewer loans to micro-enterprises (-8.1%) and for a lower total amount (-5.0%). In terms of numbers,...

Poles Received Nearly PLN 12 Billion in Insurance Compensation and Benefits in Q1 2024

In the first quarter of 2024, Poles received nearly PLN 12 billion in compensation and insurance benefits, which is 6.3% more than in the...

Mortgage Market Cools After Record Start

In May 2024, compared to May 2023, banks and credit unions granted more of the three main types of credit products in numerical terms:...

Polish Non-Bank Loan Market Booms in May 2024

In May 2024, lending companies issued a total of 1,201,000 new loans valued at 1.827 billion PLN. Compared to May 2023, this represents an...

The Emergence of The Unit: A New Decentralized Monetary Ecosystem for BRICS+

The new decentralized monetary ecosystem of BRICS+ countries, named The Unit, is about to be unveiled, potentially overturning the current rules of the game....

Poles Turn to Sharing Economy Amid Rising Debt and Economic Challenges

In the face of growing problems with repaying current liabilities and loan installments, Poles are increasingly turning to alternative forms of access to goods...

Surge in Housing Loan Inquiries in Poland: A 45.4% Increase in May 2024

In May 2024, the value of housing loan inquiries increased by 45.4% year-on-year, according to the BIK Housing Loan Demand Index. This indicates that...

The rich are getting richer. Global wealth increased by USD 3.8 trillion

The number of High-Net-Worth Individuals (HNWI) and their wealth reached record levels in 2023, according to the latest Capgemini World Wealth Report 2023. Global...

Polish Consumers Show Increasing Optimism About Personal and National Finances

Polish consumers are feeling increasingly positive about their financial situation and the future of both their personal and the national budget. Most other indicators...

Young Poles Optimistic About Economy, But Financial Worries Linger

One in three Polish "Gen Z" individuals and one in four millennials expect an improvement in Poland's economic situation within the next year. The...

Poles Continue to Worry About Their Financial Situation

Over half of respondents are not prepared for an unexpected expense, but fewer people are complaining about a lack of money at the end...

Significant Increase in All Types of Loans Issued by Banks and Credit Unions in Poland in April 2024

In April 2024, compared to April 2023, banks and credit unions (SKOKs) issued a higher number and value of all types of loans. Numerically,...

The Polish Luxury Goods Market Surpasses Inflation, Valued at Over 42 Billion PLN in 2023

Despite a decline in the incomes of Poland's wealthiest individuals, the value of the Polish luxury goods market continues to grow. Last year, it...

Record Growth in Non-Bank Loans in Poland: April 2024 Sees Unprecedented Surge in Loan Issuance

In April 2024, loan companies issued a total of 1,196 thousand new loans worth PLN 1.775 billion. This represents a 267.2% increase in the...

- A word from our sponsors -

Follow us

HomeFINANCE