Banking sector stable - KNF

According to Polish Financial Supervision Authority (KNF), local banking sector is in “good and stable situation,” although some of the lenders need to strengthen their capital base, KNF wrote in its review of the banking sector performance in H1 2014. “Despite the good current situation, it is recommended to maintain stable capital base and in the case of some banks strengthening it, which arises from the risk that has already been accumulated on the banks' balance sheets and due to risks tied to external environment,” KNF said.