|Financial Market Development|
|4.2 (max 7.0), 53rd out of 138 countries|
|5.4 (max 7.0), 50th out of 138 countries|
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.
|Maximum Protected Amount|
|100 000 EUR|
Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.
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 1.
|Scheme Participants||all credit institutions operating in Poland, branches of non-EU banks, branches of Polish banks abroad|
|Scheme Exemptions||branches of EU-banks (covered by their home countries)|
|Eligible Depositors||natural persons, legal entities|
|Covered Accounts||deposits in all the accounts (e.g. term deposits, current accounts, savings accounts)|
|Maximum Protected Amount||100 000 EUR|
|Paid In Currency||PLN|
Table 1. 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)|
|Aa3 (high grade)|
|A2 (upper medium grade)|
Local currency (Polish złoty) deposit ceiling for Poland is set to Aa3 (high grade), foreign currency deposit ceiling is A2 (upper medium grade).
|Average Deposit Rate (Dec 2017, PLN)|
|1.52 % (Nov 2017: 1.53 %)|
Chart 3. Deposit Rates in Poland. Source: ECB.
|Number of Banks|
|Consolidated Assets (2017)|
|427.45 bln EUR (+10.31%)|
|Recent Changes (2017)|
|new banks: 3, closed banks: 22|
Currently there are 650 credit institutions operating in Poland.
In 2017 consolidated banking assets in Poland were 427.45 bln EUR. The consolidated banking assets' evolution is shown at Chart 4 below.
Chart 4. Consolidated banking assets in Poland.
Recent structural changes (2013 - 2017) of the banking sector of Poland are summarised in Table 2.
|Number of Opened Banks||3||0||1||0||3|
|Number of Closed Banks||4||11||10||4||22|
Table 2. Recent structural changes in the banking sector of Poland.
The list of the most recently opened banks in Poland is provided in Table 3.
|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|
|PKO Bank Hipoteczny S.A. (new)||May 2015|
|DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main Spółka Akcyjna Oddział w Polsce (closed)||November 2013|
|Western Union International Bank GmbH, Sp. z o.o. Oddział w Polsce (new)||September 2013|
|Intesa Sanpaolo S.p.a. Spółka Akcyjna Oddział W Polsce (new)||March 2013|
Table 3. The most recently opened banks in Poland.
All the credit institutions operating in Poland can be classified into several categories. Table 4 summarises the number of banks in each category.
|Category||Number of Banks|
|Branches of foreign banks||25|
There are 27 branches of foreign banks from 15 different countries in Poland. Table 5 shows 10 countries having the biggest number of branches in Poland.
|Country of Origin||Number of Branches|