The President of the National Bank of Poland, Adam Glapiński, explains the loss of the National Bank of Poland and the decision on interest rates [RELACJA]
The President of the NBP began with an appeal to the media regarding the “so-called NBP loss”. — We already talked about the loss of NBP in August last year. There is nothing new here. This financial result mainly depends on the zloty exchange rate. When the zloty is strong, there is a loss, and when the zloty weakens, there is a profit. This has nothing to do with corporate profits. This is not the purpose of the bank's operation, an accounting entry, he explained.
– We have indicated from the beginning that a possible payment for Poland's defense could concern the profit for 2026, i.e. funds transferred only in 2027, so it has nothing to do with the financial result announced now – added the president.
He explained once again that the sum for armaments may come from the “exceptional” use of the difference between the average purchase price of gold at the National Bank of Poland and the current market valuation of this metal, i.e. from the “realization of the so-called unrealized revenues”.
