Market Research Logo

BANKING MARKET IN POLAND 2014-2016, CEE BANKING SERIES

130 Pages Inteliace Research SKU: INTL5255696

BANKING MARKET IN POLAND 2014-2016, CEE BANKING SERIES

ECONOMY AND THE BANKING SECTOR IN POLAND

In 2013, Poland's economy demonstrated clear signs of recovery. The GDP growth accelerated to 2.7% in 4Q 2013 and to 3.3% in 1Q 2014. Stronger private and public consumption (+2.1% in 4Q 13) and rapidly increasing exports (+6.3% in 4Q 13) were key drivers of growth. The rebounding economy resulted in falling unemployment rate (13.5% in March 2014), which has been a very positive trend, not seen since 2008. At the same time, the consumer price index (CPI) fell below 0.7% in 1Q 2014, which has been the lowest level since 2006. Better economic indicators have been also confirmed by increasing optimism in households sector as the key confidence indicator (BWUK) hit a three-year high in January 2014.

FUTURE OUTLOOK

In our base-case scenario, we see Poland's economy accelerating in 2014-2015 with GDP growth rate exceeding 4%. We assume a strong growth in key banking volumes in 2014-2015 followed by a possible deceleration in 2016. Total banking assets are expected to grow at 8% p.a. from 2013 to 2016. As far as profitability is concerned, we expect banks to face stagnating revenues and profits in 2014 due to number of factors including: unfavourable regulatory decisions (e.g. card interchange) resulting in revenue loss, slowing down other F&C revenues items (including FX) and increasing risk costs. An improvement in revenues and profits should be assumed first for 2015.

Show Full Description


Show Table of Contents



BANKING MARKET IN POLAND 2014-2016, CEE BANKING SERIES

Inteliace Research

Pricing & Delivery

Online Download
$2,600
Global Site License
$6,500

Didn't find what you are looking for?

Let us find it for you. One of our knowledgeable research assistants will work with you to find exactly the right research to answer your questions:

US: 800.298.5699 International: +1.240.747.3093 Or leave us a message and we'll call you back!

Receive bi-weekly email alerts for new market research.



CTA Image

Download our free eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.


Download CTA

Share this report