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Financial Services Report Poland

  • ID: 2139136
  • Report
  • Region: Poland
  • 22 Pages
  • The Economist Intelligence Unit
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Poland has developed a well-regulated financial market, overseen by the National Bank of Poland (NBP, the central bank) and the Financial Supervision Authority (KNF). Despite the country's proximity to the troubled euro area, its banking sector has managed to deal with the strains of international financial turmoil without significant problems. However, some Polish banks are exposed to Ukraine and Russia, where political risks are high.

The financial services sector is a less important component of the economy in Poland compared with other EU countries. Financial services generated 3.6% of Polish GDP in 2017, less than the 4.4% average across the bloc, according to Eurostat. The sector employed 2.4% of the Polish labour force-slightly less than the EU average of 2.5%.

Overall, banks' profits fell by 2.3% to Zl 13.6bn (US$3.8bn) in 2017, according to the KNF. Bank interest margins rose to 2.5% in 2017, although they have been falling in recent years, from 2.7% of assets in 2012 to 2.3% in 2016. The sector holds adequate base capital: the KNF reports that Polish banks' Tier 1 capital ratio fell to 17% at the end of June 2018, down from 17.2% at the end of 2018. All six Polish banks that were examined passed European Banking Authority (EBA) stress tests in 2014, with a subsequent 2016 test by the Polish authorities finding that just two mid-sized banks required capital increases (which have now been carried out). No banks were identified as being at peril in subsequent stress tests in June 2017.

Industry List: Asset management, Financial Services, Banking, Financial Services, Financial markets and instruments, Financial Services, Financial regulation, Financial Services, Financial Services, Financial Services, Insurance
Industry Codes (NAIC): 52
Industry Codes (SIC): 60
Note: Product cover images may vary from those shown
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Financial Services Report Poland

Overview

Banks

Insurers

Asset managers

Financial markets and instruments

Financial regulation
Overview
Regulatory watchlist

Monetary and currency policy: Monetary policy

Monetary and currency policy: Exchange rates

Poland at a glance

Fundamental indicators

Key contacts
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