According to World Economic Forum's Global Competitiveness Report 2017-2018, financial market development in Poland is scored 4.2 out of maximum 7.0 and ranked 53rd out of 138 analysed economies, trustworthiness and confidence of financial market is scored 4.5 (53rd place).
Chart 1. Financial Market Development in Poland. Source: WEF.
Soundness of banks is scored 5.4 bringing Poland into the 50th place.
Chart 2. Soundness of Banks in Poland. Source: WEF.
Banks in Poland are mainly focused on the following areas:
Polish Financial Supervision Authority
Currently there are 631 credit institutions operating in Poland.
In 2018 consolidated banking assets in Poland were 443.74 bln EUR. The consolidated banking assets' evolution is shown at Chart 3 below.
Chart 3. Consolidated banking assets in Poland.
Recent structural changes (2013 - 2018) of the banking sector of Poland are summarised in Table 1.
|Number of Opened Banks||3||0||1||0||3||7|
|Number of Closed Banks||4||11||10||4||22||5|
Table 1. Recent structural changes in the banking sector of Poland.
The list of the most recently opened banks in Poland is provided in Table 2.
|Raiffeisen Bank International AG (Spółka Akcyjna) Oddział w Polsce (new)||December 2018|
|RCI Banque Spółka Akcyjna Oddział w Polsce (new)||January 2018|
|UBS Limited (spółka z ograniczoną odpowiedzialnością) Oddział w Polsce (closed)||January 2018|
|J.P. Morgan Europe Limited Sp. z o.o. Oddział w Polsce (new)||January 2018|
|EUROCLEAR Bank SA/NV (Spółka Akcyjna) - Oddział w Polsce (new)||January 2018|
|TF BANK AB (Spółka z ograniczoną odpowiedzialnością) Oddział w Polsce (new)||January 2018|
|John Deere Bank S.A. Spółka Akcyjna Oddział w Polsce (new)||January 2018|
|China Construction Bank (Europe) S.A. (Spółka Akcyjna) Oddział w Polsce (new)||September 2017|
|MUFG Bank (Europe) NV S.A. Oddział w Polsce (new)||May 2017|
|AS Inbank Spółka Akcyjna - Oddział w Polsce (new)||March 2017|
Table 2. The most recently opened banks in Poland.
All the credit institutions operating in Poland can be classified into several categories. Table 3 summarises the number of banks in each category.
|Category||Number of Banks|
|Branches of foreign banks||29|
There are 31 branches of foreign banks from 15 different countries in Poland. Table 4 shows 10 countries having the biggest number of branches in Poland.
|Country of Origin||Number of Branches|
Deposit guarantee scheme is a financial stability mechanism implemented in many countries to protect bank depositors against the loss of their deposits in the case when a bank is unable to meet its obligations to depositors by compensating certain deposits held by depositors of the bank. This compensation is paid out from the contributions which banks have made into a deposit guarantee fund.
From a depositor's point of view it is important to know:
All these details about deposit guarantee scheme in Poland are summarised in Table 5.
Table 5. Deposit guarantee scheme in Poland.
Moody's country ceilings for deposits specify the highest rating that can be assigned to local- or foreign- currency denominated deposit obligations of a bank or other deposit taking institution domiciled within that country.
Local currency (Polish złoty) deposit ceiling for Poland is set to Aa3 (high grade), foreign currency deposit ceiling is A2 (upper medium grade).
Chart 4. Deposit Rates in Poland. Source: ECB.