Inteliace Research

Banking assets in Poland topped 308 billion EUR in 1H 2012. The net banking revenue was 27 billion PLN in 1H2012, recording a 7% growth yoy. The bottom line remained stable at 7.3 billion PLN, being negatively impacted by costs of risk.

Despite the global financial crisis, banking markets in Central and Eastern Europe (CEE) remained stable in 2011 says Marcin Mazurek, Director of Inteliace Research, a consultancy, while presenting their latest report TOP200 banks in CEE 2012.

“With almost 14 billion EUR in premiums, Poland has the largest insurance sector in CEE15. It is also well positioned for further growth through 2014”, explains Marcin Mazurek, Director of Inteliace Research.

“The good condition of banks operating in Poland is contrasting with the troubled banking sectors in Western Europe” says Marcin Mazurek, director of Inteliace Research, during a presentation of latest report, Banking Market in Poland, 2012-2014

Troubled foreign banks will destroy value in fire sale of Polish banking assets. This will be a unique opportunity for local investors to boost their share in the banking sector dominated by foreigners - said Marcin Mazurek from Intelace Research

“Although banking sectors in CEE are doing a good job of withstanding the global crisis, a number of troubled Western European banks will need to abandon the region to raise cash in 2011” says Marcin Mazurek, director of Intelace Research

“The asset management sector in Poland, worth 447 billion PLN (US$151 billion) as of 2010, will grow by more than 25% until 2013. ” explained Marcin Mazurek, Director of Intelace Research