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Morning comments
Morning comments, 12 March 2010
The Financial Supervision Authority (KNF) wants to limit EUR-denominated loans. The KNF could recur to caps on LTV and higher capital requirements. 
Poland Weekly Review
Poland Weekly Review, 11 March 2010
Minister Rostowski expects the public sector deficit to have reached 7.0% in 2009.
According to the updated convergence program, the deficit figure for 2010 is likely to
fall towards 6.9%, i.e. roughly PLN 97.5bn in nominal terms, on the basis of the GDP
growth path presented by the Ministry.
Morning comments
Morning comments, 11 March 2010
According to the Polish Bank Association (ZBP), mortgage-loan originations will amount to PLN 45-
50 billion this year. Access to credit is expected to improve thanks to decreasing credit margins
expected to stabilize at an average level of 200-250 bps.
Morning comments
Morning comments, 10 March 2010
The Confederation of Financial Companies prepared a report which suggests that the Financial
Supervision Authority’s new recommendation will hit the cash loan and the credit card market
particularly hard, and that its costs will exceed the benefits, i.e. improved quality of loan portfolios,
which will be limited to cash loans (a PLN 900m p.a. decline in NPLs).
Morning comments
Morning comments, 9 March 2010
Banks are very cautious in their network expansion plans. Last year, most of them slowed the
process down or stopped it altogether (+212 branches vs. +1,2000 in 2008). Nearly half of the
banks surveyed by Rzeczpospolita say they are going to expand their networks in 2010, but the
focus will be on franchised branches rather than proprietary ones.
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BRE Bank
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NBP
|
| USD |
2,8316 |
2,8312 |
| EUR |
3,8900 |
3,8923 |
| CHF |
2,6685 |
2,6674 |
| |
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|
| EUR/CHF |
1,4577 |
1,4592 |
| EUR/USD |
1,3738 |
1,3748 |
| USD/CHF |
1,0611 |
1,0614 |
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| WIG-BANKI |
5964,64 |
 0,27 |
12.03.2010 16:55 |
| WIG20 |
2415,82 |
0,53 |
12.03.2010 16:55 |
| WIG |
41253,60 |
0,61 |
12.03.2010 16:55 |
| BRE |
238,00 |
1,49 |
12.03.2010 16:55 |
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1m
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3m
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6m
|
| WIBOR (PLN) |
3,61000 |
4,13000 |
4,23000 |
| WIBID (PLN) |
3,41000 |
3,93000 |
4,03000 |
| EURIBOR (EUR) |
0,40900 |
0,65000 |
0,95700 |
| LIBOR (USD) |
0,23000 |
0,25703 |
0,39344 |
| LIBOR (CHF) |
0,09333 |
0,25000 |
0,33250 |
| LIBOR (GBP) |
0,54250 |
0,64438 |
0,86875 |
| LIBOR (JPY) |
0,15688 |
0,24813 |
0,45000 |
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