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Search resuls for: "ING Bank Śląski"


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London CNN —Poland is selling up to 1,000 metric tons (1,102 tons) of its frozen butter reserves to bring down surging prices ahead of presidential elections in May. The government’s strategic reserves agency announced the butter auction Tuesday, citing significant increases in butter prices worldwide that it blamed on a shortage of milk. And while retail butter prices are up around 20% compared with last year, wholesale prices have climbed 50%, signaling even higher prices for consumers ahead, he added. According to the European Commission, butter prices in the EU have jumped some 44% this year as dairy prices have surged around the world. Also in November, its broader Food Price Index, which tracks international prices of a range of food, reached its highest level since April 2023.
Persons: Rafał Trzaskowski, Donald Tusk, Jarosław Kaczyński, Rafał Benecki, That’s, Benecki Organizations: London CNN —, CNN, TVN24, Financial Times, Justice Party, ING Bank Śląski, European Union, European, EU, United Nations, Food, Agriculture Organization Locations: London CNN — Poland, Biedronka, China, Canada, Poland
WARSAW, Nov 21 (Reuters) - Poland's consumer watchdog UOKiK has charged four banks, Bank Pocztowy, ING Bank Slaski (INGP.WA), Nest Bank and Santander Consumer Bank, for failing to deal appropriately with clients who report unauthorised transactions. According to UOKiK, clients of the banks failed to have money that had dissappeared from their accounts returned within the statuatory time period and received misleading responses to complaints. If found guilty, the banks could face fines of up to 10% of annual revenue. "Unfortunately... banks very often fail to meet the statutory obligation to return funds lost as a result of unauthorised transactions, and in addition they mislead consumers," the head of UOKiK, Tomasz Chrostny, said in a statement. Reporting by Alan Charlish; editing by Jason NeelyOur Standards: The Thomson Reuters Trust Principles.
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