Author (Corporate) | European Commission: DG Economic and Financial Affairs |
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Series Title | Country Focus |
Series Details | Vol.7, No.2, March 2010 |
Publication Date | March 2010 |
ISSN | 1725-8375 |
Content Type | Journal | Series | Blog |
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. |
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Source Link | Link to Main Source http://ec.europa.eu/economy_finance/publications/country_focus/2010/cf-7-02_en.htm |
Countries / Regions | Poland |