Poland: NBP Posts No Profits

The NBP has posted no profits in 2013. / Picture: © Polish National Bank NBP

According to its audited report, which was approved the by the Monetary Policy Council, the National Bank of Poland posted no profit in the business year 2013, as announced by governor Marek Belka at a news conference on Wednesday.

The zero profit is based on effects of low interest rates, as well as factors NBP has no control of, such as foreign interest rates and overliquidity…