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…
The National Bank of Ukraine (NBU) sold $1.102 billion and bought $9.6 million on the interbank foreign exchange market over the past week. Following foreign exchange interventions, between December 26 and December 30, 2022, the National Bank sold $1,101.79 million on the interbank foreign exchange market and bought $9.6 million. In 2022, the National Bank…
Commercial banks in Georgia loaned GEL 43.65 billion ($16.17 billion) and received deposits of GEL 42.62 billion ($15.79 billion) in November, the latest data from the National Bank of Georgia showed. The volume of loans increased by 0.95% MoM and the number of deposits by 0.72%. Last month, the sum of deposits made for a…
For the time being, the National Bank of Ukraine will stick to the fixed hryvnia exchange rate, as the regulator sees no reason to return to a floating rate, NBU Governor Andriy Pyshnyi has said. “The fixed exchange rate is also about shifting from market principles, but on the other hand, it is a forced…
Commercial banks in Georgia loaned GEL 43.24 billion ($15.87 billion) and received deposits of GEL 42.31 billion ($15.53 billion) in October, the latest data from the National Bank of Georgia showed. The volume of loans increased by 0.04% MoM in October, while the number of deposits increased by 0.58%. Last month, the sum of deposits…