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Banking sector overview | Banking today and tomorrow | January 2025

20 January 2025 | Banking today and tomorrow, Knowledge, News

No zero credit, timid discounts and the death of WIRON. We sum up the year in mortgages

‘Apparent stabilisation’ is how we would sum up 2024 in the mortgage market. For the first time in three years, interest rates remained unchanged and there were mainly minor adjustments in pricing. However, the past year has seen some significant developments for borrowers.

Source: Bankier.pl

The year 2024 belonged to the banks. The National Bank of Poland showed how much their profits increased.

For almost the whole of 2024, banks in Poland earned almost PLN 40 billion in profits. The key is interest revenue, including from loans, which amounted to PLN 157.99 billion.

Source: Business Insider

Act on credit servicers approved by Senate without amendments

On 8 January, the Senate approved, without amendments, a bill that brings Polish law into line with the EU directive and creates a legal framework for the activities of credit servicers. It also aims to reduce the risk of non-performing loans accumulating in the future. The bill will now be sent to the President.

Source: Prawo.pl

New regulation and technology: The future of bank payments in Poland

The banking sector in Poland is facing a number of significant changes and challenges that will require both technological and regulatory adjustments in the area of payment processing. Banks must not only invest in new systems, but also prepare for the implementation of regulations that will significantly affect their operations. These changes are crucial for maintaining the highest quality of customer service, the security of their data and the ease of use of payments.

Source: Fintek.pl

Remote settlement agreements on Swiss franc mortgages without signature – amendment to the Code of Civil Procedure awaits ministerial approval

A proposal to regulate the possibility of concluding settlement agreements at a remote hearing has been submitted by the Commission for the Codification of Civil Law within the Ministry of Justice. The solution is contained in the draft act on the resolution of disputes concerning CHF mortgage loans. A settlement agreement reached in a remote hearing will not require the signature of the parties. A team of civil law experts submitted the draft for interministerial consultation on 8 November last year.

Source: Prawo.pl

Customers must not be exempt from thinking

“I once used this argument: poor laws, no justice, lapsed morals, and I still maintain that position. I don’t accept the argument that it is all the banks’ fault. If other European countries were to adopt the kind of jurisprudence that has been established in Poland, the Austrian banking sector, which has a much higher exposure to CHF mortgage loans than the Polish one, would have to declare bankruptcy,” stresses dr Cezary Stypułkowski, President of the Management Board of Bank Pekao S.A..

Source: Bank.pl

2025 – a time of investment and economic uncertainty

“Improving energy efficiency and making energy greener is not just about climate change. Going green is good for the economy and good for business. We need to convince people that action in these areas is an investment that brings tangible financial benefits and can be a source of competitive advantage,” says Grzegorz Maliszewski, Chief Economist at Bank Millennium.

Source: Bank.pl

US banks stop caring about climate

According to Reuters, several major US banks have withdrawn from the climate coalition, the Net-Zero Banking Alliance (NZBA), in recent weeks. Among them are: Goldman Sachs, Wells Fargo, Citi, Bank of America, and Morgan Stanley. For the time being, JPMorgan has remained in the NZBA coalition, whose members have pledged to integrate the global fight against climate change into their lending policies.

Source: Bank.pl

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