Banking market will consolidate at around 5-6 universal banks - NBP member

NBP board member Jacek Bartkiewicz said that the Polish banking market will eventually consolidate around five-six universal banks, with other banks occupying market niches, the Polish Press Agency (PAP) informed. "I would like to note that we are now dealing with the second phase of market consolidation," Bartkiewicz said. "We expect that eventually there will be five-six universal banks in the Polish banking system, while other banks will have a niche character."