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 » January 15, 2014
Powered by ReadSpeaker
Listen to this page using ReadSpeaker
Polish banks seen ‘strongly profitable’ in 2014 - S&P
January 15, 2014   
Article's tools:
Print

Poland's banks are expected to remain "strongly profitable" in 2014 as the sector will benefit from ongoing economic recovery, rating agency Standard&Poor's said in a statement on sector's 2014 outlook.

"Polish banks' sound financial profiles and balanced business models should allow them to withstand adverse economic and operating conditions and remain strongly profitable in 2014," the statement read.

"Polish banks' creditworthiness should benefit from the gradual economic recovery, thanks to an improvement in their earnings generation and a stabilization of their asset quality," S&P's credit analyst Francesca Sacchi said, as quoted in the statement.

The analysts also expect that consolidation trend in the sector visible in the last two years will continue.

" . . . there have been some noteworthy mergers and acquisitions in the Polish banking sector over the past two years, and we anticipate that the trend of consolidation will continue in 2014," S&P wrote. "This is because, in our opinion, economies of scale are crucial for profitability."
© The Warsaw Voice 2010-2013
E-mail Marketing Powered by SARE