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The Polish banking system: hit by the crisis or merely by a cool breeze?

Author(s): Michal Strojwas, European Commission

The Polish banking system: hit by the crisis or merely by a cool breeze?pdf(99 kB) Choose translations of the previous link 

Volume 7, Issue 2, 05.03.2010

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.

(Country Focus 2. March 2010. Brussels. PDF. 7pp. Tab. Graph. Ann. Free.)

KC-XA-10-002-EN-N (online)
ISBN 13-978-92-79-14944-3 (online)
ISSN 1725-8375 (online)

The views expressed in the ECFIN Country Focus are those of the authors only and do not necessarily correspond to those of the Directorate-General for Economic and financial Affairs or the European Commission.

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