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Bank Industry Risk Analysis: Poland Apr 98

Standard & Poors, April 1998


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Abstract
SOVEREIGN RATINGS Poland (Republic of) Local currencyA-/Positive/A-1 Foreign currencyBBB-/Positive/A-3 BASIC DATA Number of banks 1,475 (81 commercial and 1,394 cooperative banks) System deposits Polish zloty (PLN) 114 billion (US$40 billion) Deposits per capita PLN2,948 (US$1,027) Exchange rate PLN/US$2.87 Form of regulation The General Inspectorate of Banking Supervision (GINB), a separate organizational unit from the National Bank of Poland (NBP), reporting to the newly created Banking Supervision Commission. The GINB was previously a division of the NBP, an independent central bank. Bank Superintendent The Director of the GINB is Ms. Ewa Sleszynska-Charewicz. The President of the NBP is Ms. Hanna Gronkiewicz-Walz. The NBP president is appointed by the Sejm for a six-year term of office. The transition of Poland's banking sector...

Companies mentioned in this report are: Deutsche Bank AG,Swedbank AB,Commerzbank AG,JPMorgan Chase & Co.,European Bank for Reconstruction and Development,Hungary,Zurich Insurance Co. Group,Czech Republic,Poland (Republic of),BRE Bank S.A. (Unsolicited Ratings),Powszechna Kasa Oszczednosci Bank Polski S.A. (Unsolicited Ratings),Kredyt Bank S.A. (Unsolicited Ratings),Bank Gospodarki Zywnosciowej S.A.

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.




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