WIBOR to remain in place until the end of 2036
According to a statement published by GPW Benchmark, the reference rate administrator, and the Polish Financial Supervision Authority (KNF), which oversees the administrator, 31 December 2036 will be the last day on which the WIBID and WIBOR rates will be provided for all key fixing periods: 1 month (1M), 3 months (3M) and 6 months (6M).
Source: Związek Banków Polskich
New powers for the KNF. The government has adopted a draft amendment to the Banking Law
The government has adopted a draft amendment to the Banking Law Act and certain other acts (UC96). The amendment aims to align national legislation with the EU regulatory package on capital requirements for financial institutions, known as CRD VI/CRR III. Among other things, the draft provides for an enhanced role for the Polish Financial Supervision Authority (KNF) in personnel processes within banks. The KNF will be required to approve the appointment of members of management boards and chairs of supervisory boards of the largest banks, as well as to assess the qualifications of heads of internal audit units and chief financial officers.
Source: Prawo.pl
Government working on changes to the KNF. New obligations for banks
The government intends to introduce term limits for the positions of Chair and Deputy Chair of the Polish Financial Supervision Authority (KNF), grant the authority new supervisory powers and require banks to notify the KNF of significant changes. In addition, changes to a bank’s management board would be subject to the KNF’s prior approval.
Source: Interia Biznes
Bank profits down 30%. The sector is paying the price for falling interest rates and record-high taxation
Despite robust demand for credit among Polish borrowers, the Polish Bank Association (ZBP) forecasts that banks’ net profits may decline to PLN 35 billion this year. This is attributable to falling interest income, rising costs and, of course, the increase in corporate income tax applicable to the sector.
Source: Rzeczpospolita
Banks were counting on decades of interest payments. Poles are paying off their mortgages much earlier
A mortgage doesn’t have to be a lifelong financial burden. In Poland, the average repayment period for mortgage loans is declining rapidly and currently stands at just 9 years. The reason? Rapidly rising incomes and a persistent aversion to living on credit.
Source: Rzeczpospolita
ZBP Report: “Energy Factors Affecting the Competitiveness of the Polish Economy within the European Union”
The report addresses one of the most pressing challenges facing the Polish economy: the impact of energy prices, energy mix composition and energy transition costs on business competitiveness, national economic security and long-term growth prospects. From the banking sector’s perspective, the scale of investment required for the modernisation of the energy sector, the development of renewable energy sources, nuclear energy, grid infrastructure and energy storage is particularly noteworthy. The effective financing of these processes will require active participation by the financial sector, together with the establishment of appropriate regulatory, capital and legal frameworks for financing long-term strategic investments.
Source: Bank.pl
Leading global economy to deploy latest ChatGPT in banking
Artificial intelligence, which can itself serve as a tool for cyberattacks, is increasingly being used to defend against them. Japanese banks have been granted access to OpenAI’s latest model, a development that the government in Tokyo regards as a significant enhancement to the security of the entire financial system.
Source: Business Insider
The economy in 2026: the IMF’s assessment in an era of systemic shocks
The latest forecasts from the International Monetary Fund (IMF), presented during the spring meetings in Washington, point to a slowdown in global growth. This is attributable to the war in Iran and the blockade of the Strait of Hormuz, which have triggered the most significant shock to the energy market to date.
The early months of 2026 were marked by cautious but clear optimism. The global economy, after years of grappling with the COVID-19 pandemic and the shocks stemming from Russia’s aggression against Ukraine, appeared to be entering a phase of stabilisation. The private sector demonstrated an impressive capacity to adapt to trade barriers, whilst the technology boom driven by artificial intelligence began to deliver tangible productivity gains. The IMF’s January 2026 forecasts projected growth of 3.3% for 2026, representing an upward revision of 0.2 percentage points compared to the autumn forecasts. By the end of 2025, annualised global economic growth had accelerated to 3.9%, providing a solid foundation for upward revisions. The data were sufficiently encouraging that the IMF’s January 2026 assumptions even suggested the possibility of raising the GDP growth outlook to 3.4% for 2026, reflecting the strong growth momentum from late 2025 and the milder-than-expected impact of tariff policy.
Source: Obserwator Finansowy
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See also
Banking today and tomorrow | An overview of the banking sector | May 2026
