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Poland's banking sector back on the growth path in 2014-2016

06-03-2014 05:55 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Inteliace

Poland's banks back on the growth path in 2014-2016

Poland's banks back on the growth path in 2014-2016

“Accelerating economy will help banks operating in Poland to grow in 2014-2016,” said Marcin Mazurek, director of Inteliace Research, during a presentation of Inteliace's latest report, Banking Market in Poland.

The future outlook for the banking sector in Poland is positive. Key banking volumes are expected to accelerate in 2014-2015. However, the growth in banks' revenues and profits might temporarily be held back by a number of factors including: unfavorable regulatory developments (e.g. card interchange), increasing risk costs and higher operating expenses.

Poland's banking market continued to consolidate in 2013. Bank PKO took over most of businesses of Nordea Group in Poland, including Nordea Bank Polska, BNP Paribas agreed to buy BGŻ bank and Getin Noble acquired retail operations of DZ Bank. However, the appetite for consolidation met growing resistance from the regulator – KNF (Polish Financial Supervision Authority). In recent statements, KNF described current level of concentration in the banking sector as “close to optimal” and warned that further mergers would be thoroughly examined (which means that further M&A is unwelcome).

For more information on recent developments in the Polish banking sector, please refer to the publication “Banking Market in Poland, 2014–2016” at: http://www.inteliace.com/en/publications.php

About The Report
“Banking Market in Poland, 2014–2016” is the latest update of our comprehensive publication about the banking sector in Poland. It describes the present market structure and recent trends in the market and also provides short-term estimates of key banking through 2016. Compared to the previous edition, it has been upgraded with new analyses and revised content. When preparing this report, Inteliace Research responded to feedback received from its clients and incorporated several improvements that make this new issue even more reader-friendly and informative. Sample pages from the report can be found directly at Inteliace Research’s webpage: http://www.inteliace.com/

About Inteliace Research
Inteliace Research is an independent consulting company that focuses on the financial markets in Central and Eastern Europe. Inteliace Research specializes in management consulting and custom research services, including market-entry strategies, product launches, and performance and benchmarking analyses.

During 2005–2014, Inteliace Research provided its products and services to more than 60 clients, including major CEE banks and several “The Banker” top world banks. To learn more about the company, visit Inteliace Research’s webpage: www.inteliace.com.

Inteliace Research
Foksal 17B/31
00-372 Warszawa
POLAND

Tel. +48 22 408 66 20
Tel. +48 502 512 178
Fax. +48 22 349 21 40

email: info@inteliace.com
www: www.inteliace.com

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