Nordea Bank and DNB have agreed to combine their operations in Estonia, Latvia and Lithuania to build up scale in a corner of their business that forms part of the euro-zone.
Hungarians traditionally prefer paying with cash thus there is significant room for catching-up to the EU average with electronic payments.
A revolution will take place in the payments market in Europe, triggered by the Payment Services Directive 2 (PSD2) adopted in early October by the European Parliament.
The time for rallies has ended and the time for decisions has arrived, although what would be the most needed is a period of solid debate involving the best experts.
The profits of banks in Q1’2015 significantly exceeded expectations but this may not last long. There are many issues that can impact future financial results of a banking sector in Poland.