Warsaw, Poland, April 20, 2013 --(PR.com
)-- “Stagnating revenues will force Poland’s banks to slash operating costs to retain profitability in 2013,” said Marcin Mazurek, director of Inteliace Research, during a presentation of Inteliace’s latest report, Banking Market in Poland, 2013–2015.
The future outlook for the banking sector in Poland is neutral. Key banking volumes are expected to sustain slow growth, while revenues may stagnate and profits are likely to fall in 2013 due to higher operating and risk costs.
Poland’s banking market is facing further consolidation around major players. This process has accelerated significantly in 2012 when Banco Santander merged its subsidiaries, BZ WBK and Kredyt Bank, creating the number-three bank in the market, and when Raiffeisen Bank took over Polbank EFG, advancing to the number-seven position. This process is expected to continue as Nordea Group is actively looking for a buyer of its entire Polish business, and multiple others such as BCP and unnamed French banks are on an earlier stage, considering a market exit. On the buyers’ side, local players such as PKO and GetinNoble are watching closely for any buying opportunity; however, they are also known for taking an opportunistic approach and are looking for bargain prices.
For more information on recent developments in the Polish banking sector, please refer to the publication “Banking Market in Poland, 2013–2015” at: http://www.inteliace.com/publications.html
About The Report
“Banking Market in Poland, 2013–2015” is the latest update of our comprehensive publication on the banking sector in Poland. It describes the present market structure and recent trends in the market and also provides short-term estimates of key banking through 2015. Compared to the previous edition, it has been upgraded with new analyses and revised content. When preparing this report, Inteliace Research responded to feedback received from its clients and incorporated several improvements that make this new issue even more reader-friendly and informative.
Sample pages from the report can be found directly at Inteliace Research’s webpage: http://www.inteliace.com/files/2013/00118_BANKING_MARKET_IN_POLAND_2013.pdf
About Inteliace Research
Inteliace Research is an independent consulting company that focuses on the financial markets in Central and Eastern Europe. Inteliace Research specializes in management consulting and custom research services, including market-entry strategies, product launches, and performance and benchmarking analyses.
During 2005–2013, Inteliace Research provided its products and services to more than 60 clients, including major CEE banks and several “The Banker” top world banks. To learn more about the company, visit Inteliace Research’s webpage: www.inteliace.com.