Poland’s competition watchdog, UOKiK, imposed a fine of over PLN 5.7 million (EUR 1.22 million) on the Polish subsidiary of German bank Deutsche Bank for damaging the collective interests of consumers, UOKiK announced on March 13. “Unacceptable unilateral changes to abusive contract provisions – in short defines the practice for which Deutsche Bank Polska has…
Commercial banks in Georgia loaned GEL 44.47 billion ($16.9 billion) and received deposits of GEL 43.64 billion ($16.5 billion) in January, the latest data from the National Bank of Georgia showed. The volume of loans decreased by 0.71% MoM, while the number of deposits increased by 2.84%. Last month, the volume of term deposits increased…
The National Bank of Ukraine (NBU) sold $660.6 and purchased $4.9 million on the interbank foreign exchange market over the past week. According to data provided by the central bank, following foreign exchange interventions, between February 13 and February 17, the National Bank sold $660.63 million on the interbank foreign exchange market and purchased $4.9…
The National Bank of Ukraine has fulfilled the conditions of IMF’s Program Monitoring and is ready to discuss the parameters of the new program, which provides for financing. “The National Bank has a strong position, we have fulfilled all the obligations stipulated by the program. A successful revision of the Program Monitoring will be a…
About 56% of adult Poles used online banking services in 2022, a government-sponsored economic think-tank reported. “A more than three-fold growth has been observed in Poland over the past 15 years,” the Polish Economic Institute (PIE) said in its weekly publication on February 2, adding that only 13% of Poles used online banking in 2007.…
Commercial banks in Georgia loaned GEL 44.80 billion ($16.94 billion) and received deposits of GEL 44.31 billion ($16.76 billion) in December 2022, the latest data from the National Bank of Georgia showed. The volume of loans increased by 2.66% in December 2022 compared to the previous month, while the number of deposits increased by 3.96%.…
While banks are already charging higher rates on loans, they are slow to raise interest rates on deposits. Lithuania’s banking regulators say this is not okay. The European Central Bank raised interest rates four times last year, with commercial banks passing the raises to their debtors: mortgage rates rose to 4% and consumer loans to…