Banking sector may record net loss of PLN 4.6 bln in '20

Polish Bank Association (ZBP) estimates that in the baseline scenario, the net loss of the banking sector in Poland in 2020 will amount to PLN 4.56 billion, and the value of write-offs for loan losses will be 150 percent higher than in 2019. In the report ‘Poland and Europe – New Economic Deal’, ZBP presented forecasts for the banking sector in three scenarios of the crisis development: pessimistic, baseline and optimistic.

In the pessimistic scenario, banks will record PLN 9.82 billion in net…