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The Warsaw Voice » Business » July 15, 2016
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Polish banks seen immune to Brexit effect - opinion
July 15, 2016   
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Polish banks will be relatively immune to the fallout from Brexit, analysts cited by the daily Parkiet say.

The main threat for the sector is related to a large share of CHF loans in balance sheets of some of the Polish banks, as well as with a high level of FX indebtedness of Polish households, Deutsche Bank chief economist Arkadiusz Krzesniak said.

A possible effect of Brexit is reduced activity of large European banks in Poland, translating into less dynamic lending and, potentially, market consolidation as some institutions decide to shut up shop, PKO BP chief economist Piotr Bujak said.

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