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Economy and Banking Sector of Poland

Financial Market Development

Financial Market Development
4.2 (max 7.0), 53rd out of 138 countries
Banks' Soundness
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).

Financial Market Development in Poland.

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


Soundness of banks is scored 5.4 bringing Poland into the 50th place.

Soundness of Banks in Poland.

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

Further Information

Deposit Guarantee Scheme

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:

  • 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 1.

Scheme Participantsall credit institutions operating in Poland, branches of non-EU banks, branches of Polish banks abroad
Scheme Exemptionsbranches of EU-banks (covered by their home countries)
Eligible Depositorsnatural persons, legal entities
Covered Accountsdeposits in all the accounts (e.g. term deposits, current accounts, savings accounts)
Covered Currenciesall
Maximum Protected Amount100 000 EUR
Paid In CurrencyPLN

Table 1. 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 (Dec 2017, PLN)
1.52 %  (Nov 2017: 1.53 %)
In December 2017, 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 1.52%.
Deposit Rates in Poland.

Chart 3. Deposit Rates in Poland. Source: ECB.

Further Information

Banking Supervision

 Narodowy Bank Polski

Banking Sector Structure

Number of Banks
650
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.

Consolidated banking assets in Poland.

Chart 4. Consolidated banking assets in Poland.

Recent structural changes (2013 - 2017) of the banking sector of Poland are summarised in Table 2.

20132014201520162017
Number of Opened Banks30103
Number of Closed Banks41110422

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.

All the credit institutions operating in Poland can be classified into several categories. Table 4 summarises the number of banks in each category.

CategoryNumber of Banks
Banks39
Branches of foreign banks25
Central banks1
Cooperative banks553
Credit unions32

Table 4. Number of banks by category in Poland.

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 OriginNumber of Branches
 France5
 Luxembourg4
 Sweden3
 Ireland2
 Denmark2
 United Kingdom2
 Italy1
 Germany1
 Austria1
 Estonia1

Table 5. Number of branches of foreign banks in Poland grouped by country of origin.