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Economy and Banking Sector of Poland

Financial System Development

Financial System
64.1, 57th out of 144 countries
Banks' Soundness
71.9, 57th out of 144 countries

According to World Economic Forum's Global Competitiveness Report 2019, financial market development in Poland is scored 64.1 out of maximum 100.0 and ranked 57th out of 144 analysed economies.

Financial Market Development in Poland.

Chart 1. Financial Market Development in Poland. Source: WEF.

Soundness of banks is scored 5.3 bringing Poland into the 57th place.

Soundness of Banks in Poland.

Chart 2. Soundness of Banks in Poland. Source: WEF.

Further Information

Banking Focus

Banks in Poland are mainly focused on the following areas:

  • cooperative retail banking
  • retail banking
  • universal banking

Banking Supervision

Narodowy Bank Polski

Polish Financial Supervision Authority

Banking Sector Structure

Number of Banks
Consolidated Assets (2019)
474.29 bln EUR  (+6.88%)
Recent Changes (2018)
new banks: 7, closed banks: 5

Currently there are 631 credit institutions operating in Poland.

In 2019 consolidated banking assets in Poland were 474.29 bln EUR. The consolidated banking assets' evolution is shown at Chart 3 below.

Consolidated banking assets in Poland.

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 Banks301037
Number of Closed Banks411104225

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.

All the credit institutions operating in Poland can be classified into several categories. Table 3 summarises the number of banks in each category.

CategoryNumber of Banks
Branches of foreign banks29
Central banks1
Cooperative banks537
Credit unions26

Table 3. Number of banks by category in Poland.

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 OriginNumber of Branches
FR France5
LU Luxembourg4
DE Germany4
SE Sweden3
IE Ireland2
GB United Kingdom2
IT Italy2
AT Austria2
PT Portugal1
NL Netherlands1

Table 4. Number of branches of foreign banks in Poland grouped by country of origin.

Deposit Guarantee Scheme

Maximum Protected Amount
100,000 EUR

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:

  • if the depositor is eligible within the terms of the deposit guarantee scheme;
  • if the depositor's bank is a participant in the deposit guarantee scheme;
  • if the depositor's type of deposit is covered by the deposit guarantee scheme.

All these details about deposit guarantee scheme in Poland are summarised in Table 5.

Maximum Protected Amount
100,000 EUR
Temporary High Balance
200,000 EUR
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
organisational units without separate legal personality
trade unions
Non-Eligible Depositors
banks, credit unions, savings unions
financial institutions
investment firms
pension funds and pension companies
local authorities
public authorities
Covered Accounts
deposits in all the accounts, e.g.
  • term deposits
  • current accounts
  • savings accounts
Non-Covered Accounts
shares of credit unions and cooperative banks
accounts with balances not exceeding 2,5 EUR
electronic money
Covered Currencies
all currencies, namely
  • PLN (Polish złoty)
  • foreign currencies
Paid In Currency

Table 5. Deposit guarantee scheme in Poland.

Further Information

Country Ceiling for Deposits

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)
Foreign Currency
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).

Deposit Rates

Average Deposit Rate (Mar 2020, PLN)
1.20 %  (Feb 2020: 1.19 %)
In March 2020, an agreed annualised deposit rate in local currency (Polish złoty) of new contracts with agreed maturity up to 1 year between credit institutions and households was 1.20%.
Deposit Rates in Poland.

Chart 4. Deposit Rates in Poland. Source: ECB.

Further Information