http://www.brebank.pl/en/Welcome in BRE Bank RSS ChannelENCopyright BRE Bank 2006redakcjaportalu@brebank.plredakcjaportalu@brebank.plThu, 11 Mar 2010 17:52:18 +0100Thu, 11 Mar 2010 17:52:18 +0100AMG.net RSSGeneratorhttp://www.brebank.pl/bre_bank_news/rss/http://www.brebank.pl/images/common/bre_logo_rss.gifhttp://www.brebank.pl/13425According 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.http://www.brebank.pl/en/economic_review/Capital_Market_Stock_Exchange/morning_comments?id=16554Thu, 11 Mar 2010 10:15:38 +0100The 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).http://www.brebank.pl/en/economic_review/Capital_Market_Stock_Exchange/morning_comments?id=16546Wed, 10 Mar 2010 10:15:43 +0100Banks 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.http://www.brebank.pl/en/economic_review/Capital_Market_Stock_Exchange/morning_comments?id=16539Tue, 09 Mar 2010 10:15:13 +0100BIK issued 3.7m credit and monitoring reports in February (+140% y/y). The total for January- February 2010 is 5.16m reports, vs. 2.94m reports a year ago.http://www.brebank.pl/en/economic_review/Capital_Market_Stock_Exchange/morning_comments?id=16532Mon, 08 Mar 2010 10:15:52 +0100At the end of February, Poles had PLN 16.78bn in overdue bill payments, which represents a 17% increase on the three preceding three (PLN 2.47bn). According to a report published by InfoMonitor BIG, 1.72m people have problems paying their bills. Over the past 12 months, the total for overdue bills has increased by 95%; previously, the growth figure did not exceed 40%.http://www.brebank.pl/en/economic_review/Capital_Market_Stock_Exchange/morning_comments?id=16518Fri, 05 Mar 2010 10:15:24 +0100In February Polish PMI rose to 52.4pts after it recorded an unexpected drop to 51.0pts in January. Index provider – Markit Economics – pointed to a stronger momentum in manufacturing in February listing accelerating production, rising new domestic and exports orders. Going into more details, capital goods orders increased at the highest pace since March 2008 (extending thereby the trend in hard data).http://www.brebank.pl/en/economic_review/macroeconomics/poland_weekly?id=16516Thu, 04 Mar 2010 16:55:23 +0100In the week ended 26 February, US crude inventories increased by 4m Bbl, ahead of an expected increase of 1.3m Bbl, with gasoline inventories rising by just 0.8m Bbl. Middle distillate inventories fell once again; since the October peak, they have fallen by 11%. Fuel consumption increased by 1.7% w/w, driven by middle distillates (+4.6%) and heavy fuel oil. Gasoline consumption declined by 2% w/w.http://www.brebank.pl/en/economic_review/Capital_Market_Stock_Exchange/morning_comments?id=16511Thu, 04 Mar 2010 10:15:01 +0100According to representatives of the Ministry of the Economy, the direction that is currently being pursued by those drafting the amendments to the mandatory reserve law is to spread their buyout by the state over 10 years, and to finance the process with an additional fee included in the price of gasoline (ca. PLN 0.04 per liter).http://www.brebank.pl/en/economic_review/Capital_Market_Stock_Exchange/morning_comments?id=16497Wed, 03 Mar 2010 10:15:27 +0100In 2009, cooperative banks made an aggregate net profit of PLN 698m (-22% y/y). The CEO of BPS hopes that that earnings will not deteriorate further this year, though NPLs, expected to increase from 3.4% to 4% of total loans, may pose a problem. This figure is still indicative of much better portfolio quality than at commercial banks (7.9% at the end of 2009).http://www.brebank.pl/en/economic_review/Capital_Market_Stock_Exchange/morning_comments?id=16492Tue, 02 Mar 2010 10:15:47 +0100The chemical companies, with a view to reducing gas prices, suggested that Gaz-System's transfer tariffs be cut to truly reflect the cost of serving big industrial clients. This would require a change to the law and Gaz System’s consent. PGNiG is to act as an intermediary.http://www.brebank.pl/en/economic_review/Capital_Market_Stock_Exchange/morning_comments?id=16487Mon, 01 Mar 2010 10:15:15 +0100