One of Poland’s leading banks has faced a backlash after it emerged that many of its Ukrainian account holders are exempt from an increase in fees for other customers. The bank notes, however, that those accounts are held by refugees who are protected by Polish and EU regulations from such fees. This week, mBank, owned…
In an unprecedented move, Poland’s ruling coalition has submitted a motion to put central bank governor Adam Glapinski – appointed under the former Law and Justice (PiS) government – on trial. They accuse Glapinski – a longstanding associate of PiS chairman Jaroslaw Kaczynski – of breaking several laws and of violating his constitutional obligation to…
The National Bank of Ukraine (NBU) sold $156.8 million on the interbank foreign exchange market over the past week. These are the results of currency interventions published on the central bank’s website. From March 4 to March 8, the National Bank sold $156.8 million and purchased $23.11 million on the interbank foreign exchange market. Since…
The National Bank of Ukraine (NBU) sold $322.6 million on the interbank foreign exchange market over the past week. These are the results of currency interventions published on the central bank’s website. From February 12 to 16, the National Bank sold $322.6 million and purchased $0.3 million on the interbank foreign exchange market. Since the…
Only five out of 24 Baltic banks commit to net zero. It is time for the rest to step up, argue Vaida Arlauskaite and Monika Aleksiejute-Jonusauskiene of the consultancy Viridis Sustainability. Climate action is becoming crucial for all European financial institutions due to the rising influence of global frameworks like the Paris Agreement and regional…
In 2023, banks were charged UAH 73.5 billion in income tax, up 10-fold YoY. This was reported by Danylo Hetmantsev, Chairman of the Verkhovna Rada Committee on Finance, Taxation and Customs Policy, in a Telegram message. “The accrued income tax in 2023 amounted to UAH 73.5 billion, which is 10 and 11.5 times more than…
Latvian banking sector has the lowest customer service quality in Baltic States, according to results of an annual customer service quality study by Dive. The company notes that among the three Baltic States, the best customer support service is found in Lithuania, which has a score of 94.02%. Estonia was next – this country’s banking…