We use cookies to make sure our website better meets your expectations.
You can adjust your web browser's settings to stop accepting cookies. For further information, read our cookie policy.
SEARCH
IN Warsaw
Exchange Rates
Warsaw Stock Exchange - Indices
The Warsaw Voice » Business » September 30, 2009
Finance
You have to be logged in to use the ReadSpeaker utility and listen to a text. It's free-of-charge. Just log in to the site or register if you are not registered user yet.
Private Banking: Targeting the Rich
September 30, 2009   
Article's tools:
Print

As Poles grow richer, private banking is gaining popularity in Poland. Such services are now provided by almost all retail banks in the country. Private banking is a term used for services for the wealthiest private customers. Services include special deposit accounts, and investments in securities, precious metals, real estate and even works of art. The latter service is called art banking.

European banks offer private banking services to individuals with assets worth at least 1 million euros. In Poland, the requirement is lower-disposable assets of zl.500,000. Some banks are keen to attract not just the wealthiest but also people who have a well-established professional or social position, like artists and scientists.

There were around 12,500 millionaires in Poland at the beginning of 2009. If each of them had exactly zl.1 million, their combined assets would be worth zl.12.5 billion. In fact, they are worth much more. According to the Gdańsk Institute for Market Economics, the total value of assets accumulated by people who keep at least zl.1 million in banks is zl.70-80 billion. This is the money the private banking sector wants to attract.
© The Warsaw Voice 2010-2018
E-mail Marketing Powered by SARE