Polish banking system outlook upgraded to 'stable' - S&P
April 16, 2014
Polish banking system had its outlook upgraded to 'stable' from 'negative' at S&P ratings agency as the segment is seen benefitting from the current economic rebound in Poland, S&P representatives said at a conference on Tuesday.
Poland's solid economy and relatively low debt of the private sector are seen as positive aspects for the Polish banking sector, S&P regional director for CEE Marcin Petrykowski said.
He also pointed to the strict supervision of the regulator, especially in terms of banks' dividends as well as the high profitability of the sector.
On the flip side, S&P negatively assessed a relatively low GDP per capita in Poland as well as a high exposure of Polish banks to the real estate segment through FX-denominated loans.