BANKING

Banking System in Poland

Terminology  

BANK  
INSTYTUCJA  KREDYTOWA  
INSTYTUCJA  FINANSOWA  

FINANCIAL  

INSTITUTION  

The  Five  Parts  of  the  Financial  System  

Money  -­‐  Good  which  is  used  as  a  means  of  payment  for  exchanging  

goods.    

 

Financial  Instruments  -­‐  Legal  obligaLons  of  one  party  to  transfer  

something  of  value  to  another  party  at  some  future  date  under  

certain  condiLons.    

 

Financial  Markets  -­‐  Markets  where  financial  instruments  are  

traded.    

 

Financial  Ins@tu@ons  -­‐  EnLLes  providing  services  and  allow  agents  

access  to  financial  instruments  and  markets.    

 

Central  Banks  -­‐  Government  enLLes  which  monitors  the  state  of  

the  economy  and  conducts  monetary  policy.    

History  of  banking  …  

In  Medieval  Europe,  people  would  store  their  gold  coins  

with  the  local  goldsmith,  who  had  a  safe.  

Goldsmith  gave  them  receipts  for  a  certain  amount  of  gold.  

Gradually,  the  receipts  began  to  circulate  as  paper  money.  

 

Goldsmiths  realized  that  everyone  did  not  come  for  their  

gold  at  the  same  Lme.  

They  began  to  lend  out  gold  coins  from  the  safe.  

Next,  they  began  to  lend  out  receipts  for  gold.  

 

Banking  system  created  when  the  number  of  receipts  was  

greater  than  coins  in  safe.  

Find  more  at  hSp://library.mises.org/books/Richard%20Hildreth/The%20History%20of

%20Banks.pdf  

Market  or  Bank  Oriented  ?  

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Kredyt krajowy

Kapitalizacja rynku akcji

system system

zorientowany bankowo zorientowany rynkowo Polska

%  GDP  

DomesLc  loans  

Stock  market                .                    

Banking  system  

The  structural  network  of  insLtuLons  that  offer  financial  

services  within  a  country.  

 

Banking  system  in  Poland  

Banking  system  in  Poland  

Legal  framework  for  the  Polish  banking  system  is  laid  

down  in  the  Act  of  29  August  1997  –  The  Banking  Act  

(Journal  of  Laws  of  2012  item  1376  as  amended).  

hSp://www.nbp.pl/en/aktyprawne/thebankingact.pdf  

Banking  Ac@vi@es  

Ar@cle  5  

 
1.  Banking  operaLons  shall  comprise:  1)  acceptance  of  deposits  payable  on  demand  or  at  a  

specified  maturity,  and  the  operaLon  of  such  deposit  accounts,  2)  operaLon  of  other  bank  
accounts,  3)  extension  of  loans,  4)  issue  and  confirmaLon  of  bank  guarantees,  and  issue  and  

confirmaLon  of  leSers  of  credit,5)  issue  of  bank  securiLes,  6)  performance  of  bank  
monetary  seSlements,  6a)  (repealed),  7)  performance  of  other  operaLons  reserved  solely  
for  banks  under  separate  legislaLon.  

 
2.  Where  the  following  operaLons  are  performed  by  banks,  they  shall  also  be  deemed  
banking  operaLons:  

1)  extension  of  cash  advances,  2)  operaLons  involving  cheques  and  bills  of  exchange,  and  
operaLons  relaLng  to  warrants,  3)  providing  payment  services  and  the  issue  of  the  

electronic  money  ,  4)  financial  forward  transacLons,  5)  purchase  and  disposal  of  monetary  
claims,  6)  safekeeping  of  valuables  and  securiLes,  and  provision  of  safe  deposit  faciliLes,  7)  
purchase  and  sale  of  foreign  exchange,  8)  extension  and  confirmaLon  of  suretys,  9)  

execuLon  of  acLons  commissioned  [by  customers],  relaLng  to  the  issue  of  securiLes,  10)  
acLng  as  an  intermediary  in  the  performance  of  money  transfers  and  foreign  

exchange  seSlements.  

Banking  System  in  Poland  

Bank  Handlowy  

PKO  BP  

Pekao  SA  

 

Bank  Gospodarki  Żywnościowej  

Co-­‐operaLve  Banks  

966  

1989  

Powszechny  Bank  Kredytowy  (PBK)  

Bank  Gdański  (BG)  

Bank  Śląski  (BSK)  

Bank  Przemysłowo-­‐Handlowy  (BPH)  

Bank  Depozytowo-­‐Kredytowy  (BDK)  
Powszechny  Bank  Gospodarczy  (PBG)  

Wielkopolski  Bank  Kredytowy  (WBK)    

Pomorski  Bank  Kredytowy  (PBKS)    

Bank  Zachodni  (BZ)    

2014  

68  Commercial  Banks  

572  Co-­‐operaLve  Banks  

Banking  System  in  Poland  

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”›Š“˜ Ž˜ȱœ¢œŽ–žȱ’—Š—œ˜ Ž˜ȱ˜ȱ ȱ£ ’¿”œ£¢ÙŠȱœ’¿ȱ ȱ™˜›à —Š—’žȱ£ȱŘŖŗŗ!38!,!7=>!?@%!?3,08!!

’ȱ ¢—’˜œÙŠȱŗŘřǰŖƖȱǻŠ‹Ž•ŠȱŗǯŗǯŗǼǯȱȱ™˜›à —Š—’žȱ£Žȱ—’­ȱ Š›˜ïŒ’­ȱŽ˜ȱ œ”ŠĊ—’”Šȱ•Šȱ”›Š“à ȱ

œ›Ž¢ȱ Žž›˜ȱ ™˜•œ”Šȱ ˜œ™˜Š›”Šǰȱ ™˜˜‹—’Žȱ “Š”ȱ ˜œ™˜Š›”’ȱ ’——¢Œ‘ȱ ”›Š“à ȱ ž›˜™¢ȱ g›˜”˜ ˜A

œŒ‘˜—’Ž“ǰȱ Œ’­ČȱŒ‘Š›Š”Ž›¢£˜ ŠÙŠȱœ’¿ȱ £•¿—’Žȱ—’œ”’–ȱ™˜£’˜–Ž–ȱ™˜ï›Ž—’Œ Šȱ’—Š—œ˜ &A

B,8!Šȱ”˜—’ŽŒȱŠ—Š•’£˜ Š—Ž˜ȱ˜”›ŽœžȱŠ”¢ Šȱ’—œ¢žŒ“’ȱ ˜›£­Œ¢Œ‘ȱ™˜•œ”’ȱœŽ”˜›ȱ’—Š—œ˜ ¢ȱ #A

—’˜œÙ¢ȱ<!CD<=C!–•ȱ£Ùȱǻ˜ȱŞǰśƖȱ ’¿ŒŽ“ȱ—’Čȱ—Šȱ”˜—’ŽŒȱŘŖŗŗ!›ǯǼǯȱ›£¢›˜œȱŠ”¢ à ȱœŽ”˜›Šȱ’—Š—œ˜ Ž˜ȱ

-! +*+/)2,-+*#'! ,@3&$’Žȱ ‹¢Ùȱ œ™˜ ˜˜ Š—¢ȱ ™›£ŽŽȱ  œ£¢œ”’–ȱ  £›˜œŽ–ȱ  Š›˜ïŒ’ȱ Š”¢ à ȱ

$&@%,3+!5+*@,-&B,!,3+2!,%-+3%#0E!(F*4F$2#!&'&3#%+/*#0E8!!

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2009

2010

2011

2012

Polska

111,2

117,7

118,3

123,0

Czechy

142,5

141,2

147,6

153,3

:ĊJU\

168,6

165,3

149,4

136,4

Strefa euro

485,0

496,2

497,6

502,2

G-+B)H! Š—Žȱ•Šȱœ›Ž¢ȱŽž›˜ȱ˜¢Œ£­ȱŗżȱ”›Š“à ȱ ȱŘŖŖşȱ’ȱŘŖŗŖ!›ǯǰȱŗŝȱ”›Š“à ȱ ȱŘŖŗŗ!38!,3+2!-!:;<:!›ǯȱŠ—Žȱ—’Žȱœ­ȱ

™˜›à —¢ Š•—Žȱ£ȱŠ—¢–’ȱ£Š–’Žœ£Œ£˜—¢–’ȱ ȱ™˜™›£Ž—’Œ‘ȱŽ¢Œ“ŠŒ‘ȱ˜™›ŠŒ˜ Š—’Šȱ£Žȱ £•¿žȱ—Šȱ£–’+A
—¿ȱĊ›àÙŠȱŠ—¢Œ‘ǰȱž £•¿—’Ž—’Žȱ ȱŠ”¢ ŠŒ‘ȱœ¢œŽ–žȱ’—Š—œ˜ Ž˜ȱŠ”¢ à ȱž—žœ£¢ȱ›¢—”žȱ™’&A
—’¿Č—Ž˜ȱ˜›Š£ȱ£Žȱ £•¿žȱ—Šȱ”˜›Ž”¢ȱ™›£ŽœÙŠ—Žȱ™›£Ž2!5+*@)!0&*%3+/*&8!

ƒ›àÙ˜DZȱ! •Šȱœ›Ž¢ȱŽž›˜ȱȱŠ’œ’ŒŠ•ȱŠŠȱŠ›Ž‘˜žœŽȱ˜›Š£ȱž›˜œŠDzȱ•Šȱ™˜£˜œŠÙ¢Œ‘ȱ”›Š“à ȱŠ—Žȱž˜œ¿?A

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—Š•’£Šȱ’—œ¢žŒ“’ȱ’ȱ›¢—”à ȱ’—Š—œ˜ ¢Œ‘ȱ›àȗ¢Œ‘ȱ”›Š“à ȱ—Šȱ•Žȱ’Œ‘ȱœ˜™—’Šȱ›˜£ ˜“žȱ˜$?,4+3A

Œ£Ž˜ȱœžŽ›ž“ŽǰȱȎȱ—’Ž”à›ŽȱœŽ–Ž—¢ȱœ¢œŽ–žȱ’—Š—œ˜ Ž˜ȱ ȱ˜•œŒŽǰȱ ȱ¢–ȱœŽ”˜›ȱ‹Š—”˜ ¢ǰȱœ­ȱ

›Ž•Š¢ —’ŽȱœÙŠ‹˜ȱ›˜£ ’—’¿Žȱǻ ¢”›Žœȱŗǯŗǯ<ǼǯȱŽ—˜Œ£Žï—’Žȱ˜ï ’ŠŒ£Ž—’Šȱ˜œŠ—’Ž˜ȱ”›¢£¢œžȱ)A

—Š—œ˜ Ž˜ȱ œ”Š£ž“­ǰȱȎȱ›˜£–’Š›¢ȱœŽ”˜›à ȱ‹Š—”˜ ¢Œ‘ȱ ȱ—’Ž”à›¢Œ‘ȱ”›Š“ŠŒ‘ȱ‹¢Ù¢ȱ£‹¢ȱžČŽȱ

)!—’ŽŠŽ” Š—Žȱ˜ȱ™˜›£Ž‹ȱœŽ›¢ȱ›ŽŠ•—Ž“ȱ˜œ™˜Š›”’ǰȱ˜›Š£ȱȎȱ—’Žȱ’œ—’Ž“Žȱ˜™¢–Š•—Šȱœ›ž”ž›Šȱœ¢$A

Ž–žȱ’—Š—œ˜ Ž˜ȱ£Š™Ž —’Š“­ŒŠǰȱȎȱ‹¿£’Žȱ˜—ȱŽŽ”¢ —’Žȱœ™›Š ˜ Š°ȱœ ˜“Žȱž—”Œ“Žȱ ȱ”ŠČ¢Œ‘ȱ

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Assets  of  the  financial  system  as  percentage  of  GDP  in  selected  Central  and  

Eastern  European  countries  and  the  euro  area  

Source:  NaLonal  Bank  of  Poland,  Financial  Development  Reports  

Banking  System  in  Poland  

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VWRRGDWDOHYHOEHORZWKHDYHUDJH:,%250UDWH$VDUHVXOWWKHUHZDVDVORZGRZQLQWKH
JURZWKUDWHRIKRXVHKROGGHSRVLWVDVFRPSDUHGWRWKHSUHYLRXVSHULRGDQGWKHUDWLRRIDVVHWVRI
LQYHVWPHQWIXQGVWRWKLVFDWHJRU\RIGHSRVLWVLQFUHDVHG)LJXUH

Banks

Credit unions

Insurance companies

Brokerage entities

Investment funds

Open pension funds

2004

2005

2006

2007

2008

2009

2010

%

0

20

40

60

80

100

69.6%

0.8%

8.7%

7.0%

13.3%

0.6%

71.0%

0.8%

9.3%

6.3%

12.0%

0.7%

A. 2009

B. 2010

Banks

Credit unions

Insurance companies

Investment funds

Open pension funds

Brokerage entities

Asset  structure  of  the  Polish  financial  system  

Source:  NaLonal  Bank  of  Poland,  Financial  Development  Reports  

Banking  System  in  Poland  

Banking  sector  (commercial  and  cooperaLve  banks)  development  levels  in  

selected  Central  and  Eastern  European  countries  and  in  the  euro  area  

!

!

"#$%&'!()*+*$,-#!-!.,/$0&!

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˜™’ŽÚȱ ›˜£ ˜“žȱ œŽ”˜›Šȱ ‹Š—”˜ Ž˜ȱ ǻ‹Š—”’ȱ ”˜–Ž›Œ¢“—Žȱ ’ȱ œ™àٍ£’Ž•Œ£ŽǼ&
 ȱ ¢‹›Š—¢Œ‘ȱ”›Š“ŠŒ‘ȱž›˜™¢ȱg›˜”˜ ˜*+,-./012$3&/4"5&6&,74$82$&$94/&6&
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Aktywa/PKB

Kredyty

1

/PKB

Depozyty

2

/PKB

2010

2011

2012

2010

2011

2012

2010

2011

2012

Polska

81,8

84,7

84,8

49,2

52,3

50,5

43,6

45,5

45,4

Czechy

3

111,0

116,5

120,6

53,1

54,9

55,9

71,5

73,6

78,6

:ĊJU\

105,2

103,3

93,0

52,7

50,3

43,5

35,2

35,6

35,1

Strefa euro

4

351,3

355,8

344,6

107,3

105,7

102,5

80,8

80,4

83,1

1

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ƒ›àÙ˜DZȱ! 6/+! $%3&(#! &73,E! ȱ Š’œ’ŒŠ•ȱ ŠŠȱ Š›Ž‘˜žœŽDzȱ •Šȱ ™˜£˜œŠÙ¢Œ‘ȱ ”›Š“à ȱ Š—Žȱ ž˜œ¿™—’˜—Žȱ ™›£Ž£ȱ

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2005

2006

2007

2008

2009

2010

2011

2012

Banki komercyjne

2

539,3

624,0

727,1

963,2

977,2 1 062,1 1 187,9 1 236,6

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2

47,1

57,8

65,7

75,9

82,4

96,4

106,1

115,8

6SyáG]LHOF]HNDV\RV]F]ĊGQo-
ĞFLRZR-kredytowe

5,3

6,0

7,3

9,4

11,6

14,0

15,6

16,9

=DNáDG\XEH]SLHF]HĔ

89,6

108,6

126,9

137,9

139,0

145,2

146,1

162,7

Fundusze inwestycyjne

3

61,6

99,2

134,5

76,0

95,7

121,8

117,8

151,3

Otwarte fundusze emerytalne

86,1

116,6

140,0

138,3

178,6

221,3

224,7

269,6

Podmioty maklerskie

4

6,9

10,8

11,8

8,6

9,9

9,2

10,1

9,0

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835,9 1 023,0 1 213,3 1 409,3 1 494,4 1 670,0 1 808,3 1 961,9

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Source:  NaLonal  Bank  of  Poland,  Financial  Development  Reports  

Banking  System  in  Poland  

Banking  System  in  Poland  

Œ…”˜‰– Ȓǀ

ȒǀȐǀ …–’’‹—

’ ˜Œ‰ ”‰–“ˆ …’…—‰ˆ

ȐȒ

˜Œ‰ …š‰–…‹‰ ”–“ʱ˜…†˜ –…ǂ

˜“— “Š ˜Œ‰ †…’’‹ —‰‡˜“– ‡“’˜’™‰ˆ ˜“ Š… Ǧ—‰‰ …†‰
ȒǀȐǧƽ …’ˆ Š“– ‡““”‰–…˜š‰ †…’— ˜Œ‰ ˆ‰‡’‰ “Š 
›…— ‘“–‰ ”–“’“™’‡‰ˆ ˜Œ…’ …˜ ‡“‘‘‰–‡… †…’— Ǧ—‰‰
‹™–‰ Ȓǀȑǧǀ Œ‰ —‰‡˜“–Nj— ‰…–’’‹— ’ ˜Œ‰ —‰‡“’ˆ …’ˆ
˜Œ–ˆ •™…–˜‰–— “Š ȑȏȐȒ ›‰–‰ Œ‹Œ‰–ƽ ’ ’“‘’… ˜‰–‘—ƽ
˜Œ…’ ’ ˜Œ‰ ”‰–“ˆ ‡“’—ˆ‰–‰ˆ ’ ˜Œ‰ ”–‰š“™— ‰ˆ˜“’
“Š ˜Œ‰ ‰”“–˜

Ȑȓ

ƽ †™˜ “›‰– ˜Œ…’ ’ ˜Œ‰ ‡“––‰—”“’ˆ’‹

”‰–“ˆ … ‰…– ‰…–‰– Ǧ—‰‰ ‹™–‰ ȒǀȐǧǀ

Œ‰ …‡˜š˜‰— “Š …–‹‰ ‡“‘‘‰–‡… †…’— ›‰–‰ƽ “’ …šǂ
‰–…‹‰ƽ —˜ ‘“–‰ ”–“ʱ˜…†‰ ˜Œ…’ “Š “˜Œ‰– ’—˜˜™˜“’—
Ǧ—‰‰ ‹™–‰ Ȓǀȑƽ ‰ʹǂŒ…’ˆ ”…’‰ǧǀ

Œ‰ ’™‘†‰– “Š ˜Œ‰ “——ǂ‘…’‹ †…’— ›‰’˜ ™” ǦŠ–“‘
ȑȒ ˜“ ȒȒǧƽ †™˜ ˜Œ‰– —Œ…–‰ ’ ˜Œ‰ †…’’‹ —‰‡˜“–Nj— …—ǂ
—‰˜— –‰‘…’‰ˆ …˜ … —‘…–ƽ “› ‰š‰ ǦȖǀȒʆƽ ‡“‘”…–‰ˆ
˜“ ȖǀȐʆ …˜ ˜Œ‰ ‰’ˆ “Š …–‡Œ ȑȏȐȒǧǀ ‰‹…˜š‰ ”–“Šǂ
˜…†˜ –…˜“— ›‰–‰ ”“—˜‰ˆ † ȕ ‡“‘‘‰–‡… †…’—ƽ
Ȑȏ †–…’‡Œ‰— “Š ‡–‰ˆ˜ ’—˜˜™˜“’— …’ˆ ȐȖ ‡““”‰–…˜š‰

†…’— Ǧ‡“‘”…–‰ˆ ˜“ Ȕƽ ȐȐ …’ˆ Ȗ —™‡Œ ’—˜˜™˜“’—ƽ –‰ǂ
—”‰‡˜š‰ƽ ’ ˜Œ‰ ”‰–“ˆ …’…—‰ˆ ’ ˜Œ‰ ”–‰š“™— ‰ǂ
”“–˜ǧǀ

‹™–‰ ȒǀȐǀ

™…–˜‰– ’‰˜ ‰…–’’‹— “Š ˜Œ‰ †…’’‹ —‰‡˜“–

-2

-1

0

1

2

3

4

5

9-

200

8

12-

20

08

3-

200

9

6-

200

9

9-

200

9

12-

20

09

3-

201

0

6-

201

0

9-

201

0

12-

20

10

3-

201

1

6-

201

1

9-

201

1

12-

20

11

3-

201

2

6-

201

2

9-

201

2

12-

20

12

3-

201

3

6-

201

3

9-

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3

zlot

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Profits

Losses

Net earnings

“˜‰ƿ …’ ‰‘”˜ ‘…–‰– …’ˆ ˜Œ‰ ˆ“˜˜‰ˆ †…– …–‰… …–‰ ™—‰ˆ ˜“ ‘…–

˜Œ‰ ‰—˜‘…˜‰ˆ ’‰˜ ‰…–’’‹— …’ˆ ˜Œ‰ —™‘ “Š “——‰— “Š ˜Œ‰ †…’’‹ —‰‡ǂ

˜“– …ˆŽ™—˜‰ˆ Š“– ˜Œ‰ ’‰˜ ‰…–’’‹— “Š †…’— ˜Œ…˜ ‰˜Œ‰– ‡‰…—‰ˆ ˜Œ‰–

“”‰–…˜“’— ’ ˜Œ‰ Š“™–˜Œ •™…–˜‰– “Š ȑȏȐȑ “– ‡…––‰ˆ ˜Œ‰‘ “’ ’ …

‘“ˆʱ‰ˆ Š“–‘ǀ

“™–‡‰ƿ ǀ

‹™–‰ Ȓǀȑǀ

‰˜™–’ “’ …——‰˜— …˜ ‡“‘‘‰–‡… †…’— Ǧ‰ʹǂŒ…’ˆ ”…’‰ǧ …’ˆ ‡““”‰–…˜š‰ †…’— Ǧ–‹Œ˜ǂŒ…’ˆ ”…’‰ǧ

-0.5%

0.0%

0.5%

1.0%

1.5%

2.0%

9-

20

10

12

-2

01

0

3-

201

1

6-

201

1

9-

201

1

12

-2

01

1

3-

20

12

6-

20

12

9-

20

12

12

-2

012

3-

201

3

6-

201

3

9-

201

3

Interquartile range

Mean

Median

0.0%

0.5%

1.0%

1.5%

2.0%

9-

201

0

12

-2

01

0

3-

201

1

6-

20

11

9-

20

11

12

-2

011

3-

20

12

6-

201

2

9-

201

2

12

-2

01

2

3-

201

3

6-

201

3

9-

20

13

Interquartile range

Mean

Median

“˜‰—ƿ …’’™…—‰ˆ ˆ…˜…ǀ

’‰—— “˜Œ‰–›—‰ ’ˆ‡…˜‰ˆƽ ˆ—”‰–—“’ ”“˜— ’ Œ…”˜‰– Ȓ –‰…˜‰ ˜“ ˆ“‘‰—˜‡ ‡“‘‘‰–‡… †…’— …’ˆ †–…’‡Œ‰— “Š ‡–‰ˆ˜ ’—˜˜™˜“’—ǀ

“™–‡‰ƿ ǀ

ȐȒ

’ ˜Œ— Œ…”˜‰–ƽ ˜Œ‰ nj”‰–“ˆ …’…—‰ˆǍ ‡“š‰–— ˜Œ‰ ”‰–“ˆ Š–“‘ ȒȐ …–‡Œ ˜“ Ȓȏ ‰”˜‰‘†‰– ȑȏȐȒǀ Œ‰ ”“’˜ “Š –‰Š‰–‰’‡‰ — ˜Œ‰ ”‰–“ˆ

‡“’—ˆ‰–‰ˆ ’ ˜Œ‰ ”–‰š“™— ‰ˆ˜“’ “– ˜Œ‰ ‰’ˆ “Š …–‡Œ ȑȏȐȒǀ

Ȑȓ

Œ— ‘… †‰ ”…–˜… ‰œ”…’‰ˆ † ˜Œ‰ —‰…—“’…˜ “†—‰–š‰ˆ ’ ˜Œ‰ ”–“ʱ˜ …’ˆ “—— …‡‡“™’˜— “Š †…’—ǀ

…–“ˆ“› …’ “—

Quarterly  net  earnings  of  the  banking  sector  

Source:  NaLonal  Bank  of  Poland,  Financial  Stability  Report,  December  2013.  

Banking  System  in  Poland  

Œ…”˜‰– Ȓǀ

ȒǀȐǀ …–’’‹—

’ ˜Œ‰ ”‰–“ˆ …’…—‰ˆ

ȐȒ

˜Œ‰ …š‰–…‹‰ ”–“ʱ˜…†˜ –…ǂ

˜“— “Š ˜Œ‰ †…’’‹ —‰‡˜“– ‡“’˜’™‰ˆ ˜“ Š… Ǧ—‰‰ …†‰
ȒǀȐǧƽ …’ˆ Š“– ‡““”‰–…˜š‰ †…’— ˜Œ‰ ˆ‰‡’‰ “Š 
›…— ‘“–‰ ”–“’“™’‡‰ˆ ˜Œ…’ …˜ ‡“‘‘‰–‡… †…’— Ǧ—‰‰
‹™–‰ Ȓǀȑǧǀ Œ‰ —‰‡˜“–Nj— ‰…–’’‹— ’ ˜Œ‰ —‰‡“’ˆ …’ˆ
˜Œ–ˆ •™…–˜‰–— “Š ȑȏȐȒ ›‰–‰ Œ‹Œ‰–ƽ ’ ’“‘’… ˜‰–‘—ƽ
˜Œ…’ ’ ˜Œ‰ ”‰–“ˆ ‡“’—ˆ‰–‰ˆ ’ ˜Œ‰ ”–‰š“™— ‰ˆ˜“’
“Š ˜Œ‰ ‰”“–˜

Ȑȓ

ƽ †™˜ “›‰– ˜Œ…’ ’ ˜Œ‰ ‡“––‰—”“’ˆ’‹

”‰–“ˆ … ‰…– ‰…–‰– Ǧ—‰‰ ‹™–‰ ȒǀȐǧǀ

Œ‰ …‡˜š˜‰— “Š …–‹‰ ‡“‘‘‰–‡… †…’— ›‰–‰ƽ “’ …šǂ
‰–…‹‰ƽ —˜ ‘“–‰ ”–“ʱ˜…†‰ ˜Œ…’ “Š “˜Œ‰– ’—˜˜™˜“’—
Ǧ—‰‰ ‹™–‰ Ȓǀȑƽ ‰ʹǂŒ…’ˆ ”…’‰ǧǀ

Œ‰ ’™‘†‰– “Š ˜Œ‰ “——ǂ‘…’‹ †…’— ›‰’˜ ™” ǦŠ–“‘
ȑȒ ˜“ ȒȒǧƽ †™˜ ˜Œ‰– —Œ…–‰ ’ ˜Œ‰ †…’’‹ —‰‡˜“–Nj— …—ǂ
—‰˜— –‰‘…’‰ˆ …˜ … —‘…–ƽ “› ‰š‰ ǦȖǀȒʆƽ ‡“‘”…–‰ˆ
˜“ ȖǀȐʆ …˜ ˜Œ‰ ‰’ˆ “Š …–‡Œ ȑȏȐȒǧǀ ‰‹…˜š‰ ”–“Šǂ
˜…†˜ –…˜“— ›‰–‰ ”“—˜‰ˆ † ȕ ‡“‘‘‰–‡… †…’—ƽ
Ȑȏ †–…’‡Œ‰— “Š ‡–‰ˆ˜ ’—˜˜™˜“’— …’ˆ ȐȖ ‡““”‰–…˜š‰

†…’— Ǧ‡“‘”…–‰ˆ ˜“ Ȕƽ ȐȐ …’ˆ Ȗ —™‡Œ ’—˜˜™˜“’—ƽ –‰ǂ
—”‰‡˜š‰ƽ ’ ˜Œ‰ ”‰–“ˆ …’…—‰ˆ ’ ˜Œ‰ ”–‰š“™— ‰ǂ
”“–˜ǧǀ

‹™–‰ ȒǀȐǀ

™…–˜‰– ’‰˜ ‰…–’’‹— “Š ˜Œ‰ †…’’‹ —‰‡˜“–

-2

-1

0

1

2

3

4

5

9-

200

8

12-

20

08

3-

200

9

6-

200

9

9-

200

9

12-

20

09

3-

201

0

6-

201

0

9-

201

0

12-

20

10

3-

201

1

6-

201

1

9-

201

1

12-

20

11

3-

201

2

6-

201

2

9-

201

2

12-

20

12

3-

201

3

6-

201

3

9-

201

3

z

lot

y

b

il

li

o

n

Profits

Losses

Net earnings

“˜‰ƿ …’ ‰‘”˜ ‘…–‰– …’ˆ ˜Œ‰ ˆ“˜˜‰ˆ †…– …–‰… …–‰ ™—‰ˆ ˜“ ‘…–

˜Œ‰ ‰—˜‘…˜‰ˆ ’‰˜ ‰…–’’‹— …’ˆ ˜Œ‰ —™‘ “Š “——‰— “Š ˜Œ‰ †…’’‹ —‰‡ǂ

˜“– …ˆŽ™—˜‰ˆ Š“– ˜Œ‰ ’‰˜ ‰…–’’‹— “Š †…’— ˜Œ…˜ ‰˜Œ‰– ‡‰…—‰ˆ ˜Œ‰–

“”‰–…˜“’— ’ ˜Œ‰ Š“™–˜Œ •™…–˜‰– “Š ȑȏȐȑ “– ‡…––‰ˆ ˜Œ‰‘ “’ ’ …

‘“ˆʱ‰ˆ Š“–‘ǀ

“™–‡‰ƿ ǀ

‹™–‰ Ȓǀȑǀ

‰˜™–’ “’ …——‰˜— …˜ ‡“‘‘‰–‡… †…’— Ǧ‰ʹǂŒ…’ˆ ”…’‰ǧ …’ˆ ‡““”‰–…˜š‰ †…’— Ǧ–‹Œ˜ǂŒ…’ˆ ”…’‰ǧ

-0.5%

0.0%

0.5%

1.0%

1.5%

2.0%

9-

20

1

0

1

2

-2

0

1

0

3-

201

1

6-

201

1

9-

201

1

1

2

-2

0

1

1

3-

20

1

2

6-

20

1

2

9-

20

1

2

12

-2

0

12

3-

201

3

6-

201

3

9-

201

3

Interquartile range

Mean

Median

0.0%

0.5%

1.0%

1.5%

2.0%

9-

201

0

1

2

-2

0

1

0

3-

201

1

6-

20

1

1

9-

20

1

1

12

-2

0

11

3-

20

1

2

6-

201

2

9-

201

2

1

2

-2

0

1

2

3-

201

3

6-

201

3

9-

20

1

3

Interquartile range

Mean

Median

“˜‰—ƿ …’’™…—‰ˆ ˆ…˜…ǀ

’‰—— “˜Œ‰–›—‰ ’ˆ‡…˜‰ˆƽ ˆ—”‰–—“’ ”“˜— ’ Œ…”˜‰– Ȓ –‰…˜‰ ˜“ ˆ“‘‰—˜‡ ‡“‘‘‰–‡… †…’— …’ˆ †–…’‡Œ‰— “Š ‡–‰ˆ˜ ’—˜˜™˜“’—ǀ

“™–‡‰ƿ ǀ

ȐȒ

’ ˜Œ— Œ…”˜‰–ƽ ˜Œ‰ nj”‰–“ˆ …’…—‰ˆǍ ‡“š‰–— ˜Œ‰ ”‰–“ˆ Š–“‘ ȒȐ …–‡Œ ˜“ Ȓȏ ‰”˜‰‘†‰– ȑȏȐȒǀ Œ‰ ”“’˜ “Š –‰Š‰–‰’‡‰ — ˜Œ‰ ”‰–“ˆ

‡“’—ˆ‰–‰ˆ ’ ˜Œ‰ ”–‰š“™— ‰ˆ˜“’ “– ˜Œ‰ ‰’ˆ “Š …–‡Œ ȑȏȐȒǀ

Ȑȓ

Œ— ‘… †‰ ”…–˜… ‰œ”…’‰ˆ † ˜Œ‰ —‰…—“’…˜ “†—‰–š‰ˆ ’ ˜Œ‰ ”–“ʱ˜ …’ˆ “—— …‡‡“™’˜— “Š †…’—ǀ

…–“ˆ“› …’ “—

Return  on  assets  at  commercial  banks  (les-­‐hand  panel)  and  cooperaLve  banks  

(right-­‐hand  panel)  

Source:  NaLonal  Bank  of  Poland,  Financial  Stability  Report,  December  2013.  

Banking  System  in  Poland  

Source:  NaLonal  Bank  of  Poland,  Financial  Stability  Report,  December  2013.  

Œ…”˜‰– Ȓǀ

…†‰ Ȓǀȓǀ

……’‡‰ǂ—Œ‰‰˜ š…™‰ “Š ˆ‰†˜ —‰‡™–˜‰— ’ †…’—Nj ”“–˜Š““— † ——™‰– Ǧ †“’ǧ

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“™–‡‰ƿ ǀ

’“–‰ˆ ˆ™‰ ˜“ ˜Œ‰– —Œ“–˜ ‘…˜™–˜ ǦȖ ˆ…— “– ‰——ǧǀ

…’— ‘… †‰ ‰œ”“—‰ˆ ˜“ –—— …–—’‹ Š–“‘ š“…˜˜
“Š —”–‰…ˆ †‰˜›‰‰’ †“’ˆ ‰ˆ— …’ˆ ˜Œ‰ ™’ˆ‰–’‹ ’ǂ
˜‰–‰—˜ –…˜‰ —›…”— ™—‰ˆ Š“– Œ‰ˆ‹’‹ǀ Œ— –— — ’“˜
’‡™ˆ‰ˆ ’ … ‰—˜‘…˜‰—ƽ †™˜ ˜ ›…— ˜…‰’ ’˜“ …‡ǂ
‡“™’˜ ’ ˜Œ‰ —˜–‰—— —‡‰’…–“ “Š ‘…‡–“ —˜–‰—— ˜‰—˜— Ǧ—‰‰
Œ…”˜‰– ȒǀȖǀȑǧǀ Œ‰ –‰—™˜— “Š ˜Œ‰ —‘™…˜“’— ’ˆ‡…˜‰
˜Œ…˜ ˜Œ‰ –— — ’“˜ Œ‹Œƽ ›Œ‡Œ …–‹‰ –‰—™˜— Š–“‘
˜Œ‰ —Œ“–˜ ˆ™–…˜“’ “Š –‰…—™– ˆ‰†˜ —‰‡™–˜‰— Œ‰ˆ †
“—Œ †…’— Ǧ—‰‰ …†‰ ȒǀȔǧǀ

…†‰ ȒǀȔǀ

‰†˜ ’—˜–™‘‰’˜— ——™‰ˆ † ‡‰’˜–… ‹“š‰–’‘‰’˜

’—˜˜™˜“’— Ǧ–‰—ˆ‰’˜ …’ˆ ’“’ǂ–‰—ˆ‰’˜ǧ ’ †…’—Nj …——‰˜—

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“˜‰ƿ …— …˜ ˜Œ‰ ‰’ˆ “Š ‰”˜‰‘†‰– ȑȏȐȒǀ

“™–‡‰ƿ ǀ

ǸǸǸ

Œ‰ ‰š‰ “Š ‘…–‰˜ –— ˜Œ…˜ “—Œ †…’— …–‰ ‰œ”“—‰ˆ
˜“ Œ…— ˜“ †‰ –‰‹…–ˆ‰ˆ …— “›ǀ Œ— –— –‰…˜‰— ”–‘…–ǂ
 ˜“ ˜Œ‰ —‰’—˜š˜ “Š ˜Œ‰ ‡“—˜ “Š Œ‰ˆ‹’‹ ˜–…’—…‡ǂ
˜“’— …’ˆ ’˜‰–‰—˜ –…˜‰ –— ’ ˜Œ‰ †…’’‹ †““ǀ Œ‰
–— ’ ˜Œ‰ ˜–…ˆ’‹ †““ “Š †…’— — š‰– ‘˜‰ˆǀ

Ȓǀȕǀ

…–‰˜ …——‰——‘‰’˜ “Š “—Œ
†…’—

Œ‰ —Œ…–‰ ”–‡‰— “Š “—Œ †…’— …— ›‰ …— ˜Œ‰–
”…–‰’˜ †…’— Œ…š‰ ‘”–“š‰ˆ —™†—˜…’˜… Ǧ—‰‰ ‹ǂ
™–‰ ȒǀȓȖǧ —’‡‰ ˜Œ‰ ”™†‡…˜“’ “Š ˜Œ‰ ”–‰š“™— ‰ˆ˜“’
“Š ˜Œ‰ ‰”“–˜ǀ

‹™–‰ ȒǀȓȖǀ

’ˆ‰œ ”–‡‰— “Š “—Œ …’ˆ ™–“”‰…’ †…’—

-

20

40

60

80

100

120

140

9-

201

0

12-

20

10

3-

201

1

6-

201

1

9-

201

1

12-

20

11

3-

201

2

6-

201

2

9-

201

2

12-

20

12

3-

201

3

6-

201

3

9-

201

3

WIG Banki

Euro Stoxx Banks

“˜‰ƿ ’ˆ‰œ ”–‡‰— –‰—‡…‰ˆ ˜“ Ȑȏȏ …˜ ˜Œ‰ —˜…–˜ “Š ‰”˜‰‘†‰– ȑȏȐȏǀ

“™–‡‰ƿ  ‡…‡™…˜“’— †…—‰ˆ “’ Œ“‘—“’ ‰™˜‰–—ǀ

Œ‰ nj”–‡‰ǂ˜“ǂ†““ š…™‰Ǎ Š“– ˜Œ‰ ‘…Ž“–˜ “Š “—Œ
†…’— –“—‰ƽ ›Œ‡Œ ”–“š‰— ˜Œ…˜ ’š‰—˜“– …——‰——‘‰’˜ “Š
˜Œ‰ †…’— — ”“—˜š‰ Ǧ—‰‰ ‹™–‰ Ȓǀȓȗǧǀ ’ ˜Œ‰ ”‰–“ˆ
…’…—‰ˆƽ ‘…–‰˜ …’…—˜—Nj ‰œ”‰‡˜…˜“’— …†“™˜ “ǂ
—Œ †…’—Nj ‰…–’’‹— ”‰– —Œ…–‰ ’ ȑȏȐȓ ‹–‰› Ǧ—‰‰ ‹ǂ
™–‰ ȒǀȓȘǧǀ

…–“ˆ“› …’ “—

Index  prices  of  Polish  and  European  banks  

Sources  of  informa@on  

1.  NaLonal  Bank  of  Poland,  Financial  Stability  Report,  December  

2013,  Chapter  3.1.,  

hSp://nbp.pl/en/systemfinansowy/fsr201312.pdf

 

2.  Banking  Act,  

hSp://www.nbp.pl/en/aktyprawne/thebankingact.pdf

 

3.  Sylwester  Kozak,  ConsolidaLon  of  the  banking  sector  in  Poland  

in  1989-­‐2013  in  comparison  with  the  structural  changes  of  the  

banking  sector  in  the  USA  and  the  EU,  NBP  Working  Paper  No.  

166.  

 

Class  problems  for  11th  of  March  

1.  Polish  banking  system  aser  1989.    

2.  Current  condiLon  of  Polish  banking  sector.