Poland’s banks: keeping a tight ship
Talk to a Polish banker and the mood is one of gloom as the economy shows signs of slowing and the banking regulator clamping down on mortgage lending – but look at his bottom line and there is a glimmer… Continue reading
Spit and Polish
With Poland having ridden out the downturn admirably, firms are flocking there with a view to making it their CEE launch pad.
Poland has distinguished itself from the rest of the former communist bloc since the downturn and is now focused on becoming a hub for banking and capital markets transactions in ÂCentral and Eastern Europe (CEE). Continue reading
Central bank chief: no date for euro in Poland
Poland needs to do more work to meet the European Union’s criteria for adopting the euro as its currency, the country’s new central bank chief said in comments published Tuesday, explaining why he is not naming a date. Continue reading
Polish Lawmakers May Back Belka Tomorrow, Pawlak Says
Marek Belka, who has worked for the International Monetary Fund and United Nations, will probably be confirmed tomorrow as governor of Poland’s central bank after winning support from opposition lawmakers, Economy Minister Waldemar Pawlak said. Continue reading
Poland to Propose Belka to Head Polish Central Bank
Poland’s Acting President Bronislaw Komorowski said he will nominate Marek Belka, a former prime minister and present head of the International Monetary Fund’s European department, to lead the country’s central bank. Continue reading
Polish Millennium Q1 net beats expectations
Polish lender Bank Millennium BIGW.WA reported a nearly six-fold profit surge in the first quarter, ahead of analysts expectations thanks to stabilising provisions on bad loans and rising income from fees. Continue reading
Citigroup to Expand Polish Investment Bank Business
Citigroup Inc. says it will expand its Warsaw-based investment-banking operations in Poland to take advantage of planned government asset sales.
The U.S. bank joins Goldman Sachs Group Inc., Credit Suisse Group AG and JPMorgan Chase & Co. in vying for… Continue reading
Polish PM calls for meeting with c.bank Wednesday
Poland’s Prime Minister Donald Tusk has called for a meeting with central bank officials and the new Monetary Policy Council members on Wednesday to discuss policy issues, his aide Michal Boni said.
The central bank has clashed with the government… Continue reading
Poland Central Bank Sees Economy Growing 3.1% In 2010
Poland’s central bank projects the Polish economy to grow 3.1% this year but expects growth to slow to 2.9% in 2011.
The National Bank of Poland said in its latest inflation report on Friday that the economy grew 1.7% in… Continue reading
Polish c.bank holds rate unchanged, as expected
Poland’s central bank kept its main interest rate unchanged on Wednesday, in line with market expectations given a backdrop of growth that is only just beginning to accelerate while inflation may ease.
The rate stands at an all-time low of… Continue reading
