Listed lender group mBank, the Polish unit of Commerzbank, lost its appeal against a ruling that had annulled the loan contracts of a group of clients with CHF mortgages, Business Insider portal has reported. According to mBank, almost half of clients that was part of the class action have already settled with lender. mBank has faced a 3.4 percent drop in its shares following the verdict.
Fitch rating agency has upgraded the rating for mortgage covered bonds of listed lender Pekao's mortgage unit Pekao Bank Hipoteczny to 'A-' from 'BBB+', with a stable outlook, the agency said in a statement.
In the first quarter of 2025, there was another deep decline in exports in the category of means of transport and their parts, Poland's central bank NBP wrote in an overview on its full balance of payments for the period. It added that China was the main beneficiary of the increase in demand for foreign goods in Poland, and the trade balance was worsened by the supply of armaments.
A power failure in the Czech capital Prague has not affected the Polish power system, Poland's grid operator PSE has reported.
Poland's Ministry of Finance placed 51-week Treasury bills for PLN 45 million (EUR 10.6 mln) as part of a top-up sale auction, the ministry said in a statement.
In the first quarter of 2025, there was an increase in the share of services in Poland's foreign trade, Poland's central bank NBP wrote in an overview on its full balance of payments for the period.
In the first quarter of 2025, PLN 4.8 billion (EUR 1.13 bln) flowed to the country on account of Poles working abroad, same amount as in the prior year period, Poland's central bank NBP said in its full quarterly balance of payments.
In the first quarter of 2025, transfers from Poland made by working migrants amounted to PLN 5.6 billion (EUR 1.3 bln), down by PLN 300 million (EUR 70.56 mln) year on year, Poland's central bank NBP reported in its full balance of payments. Ukraine saw the inflow of 53.3 percent of the total transfers.
Poland's registered unemployment rate in June 2025 likely rose to 5.1 percent from 5.0 percent in May, the Ministry of Family, Labour and Social Policy (MRPiPS) said in a statement. Economists surveyed by PAP Biznes had expected the June's unemployment to fall to 4.9 percent.
Poland’s incomplete absorption of EU funds under the national recovery plan KPO funds poses a downside risk to the country’s GDP outlook, the head of NBP's Department of Economic Analysis and Research Jacek Kotlowski told a presentation of Poland's central bank July projection.