The European Systemic Risk Board published a report on solving the problem of non-performing loans in the European Union. ESRB stressed that the condition of those loans can threaten stability of the financial system.
The results of a survey conducted by Poland’s central bank on attitudes towards modern payment methods show that the vast majority of Poles are using non-cash forms of payment, even when it comes to the settlement of accounts.
European banks are recording the lowest profitability in history but the number of bankers earning more than EUR1m is growing at an unprecedented rate. In 2015, there were more than 5,000 of them, up by 33 per cent compared with the previous year.
PZU's takeover of Bank Pekao SA could have become a catalyst for a wave of mergers and acquisitions in the Polish banking sector. It seems that this will have to wait until all the problems associated with the CHF denominated mortgages are resolved.