The Polish banking system: hit by the crisis or merely by a cool breeze?
Polish banks benefit from operating in a country showing economic resilience, which did not enter into recession in 2009. Overall, the Polish banking system has weathered the crisis well so far. Capitalization in the system is at a healthy 13.1% level and the rate of earnings retention was close to 100% in 2008. Nonetheless, banks' fundamentals have deteriorated in the worsening economic environment. Notably asset quality has suffered a blow and earnings generation has seen a severe contraction in 2009.
Year of publication: |
2010-03-05
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Authors: | Strojwas, Michal |
Institutions: | Europäische Kommission / Generaldirektion Wirtschaft und Finanzen (contributor) |
Published in: | |
Subject: | Bankensystem | Banking System | Bankgewerbe | banking | 2005 - 2009 |
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