Change of the banking weather
The monthly assessment of the country's financial sector suggests banks are marginally less optimistic in their outlook.
Research by Pentor for the Association of Polish Banks (ZBP) shows the Pengab index has dropped 3.5 points from 34.3 in October to 30.8. Experts say that the decline is due to the less optimistic evaluations that bankers tend to form as the year's end approaches.
The Pengab is based on data and opinions collected from 200 bank branches, representing all the national banks in Poland.
Analysts say the slump also reflects the coming of December and the holiday period when people would rather hang on to their money instead of depositing it or investing. Nevertheless, this month's Pengab is still 2.6 points higher year on year.
Private customers have increased the amount of credit taken out consecutively since August. November's rise of current balance value was 8 points-the same figure as last month-and an even larger credit increase can be expected next month.
The general business market climate was similar to last month's, showing a decline of 0.7 points to 53.8 points. The result is 10.7 points higher than at the same time last year.
The Treasury's privatization of PKO BP was judged very positively by 11 percent and rather positively by 53 percent of the bankers surveyed. More than 50 percent of respondents predict that the bank's competitiveness after privatization will increase in the national market.
Research by Pentor for the Association of Polish Banks (ZBP) shows the Pengab index has dropped 3.5 points from 34.3 in October to 30.8. Experts say that the decline is due to the less optimistic evaluations that bankers tend to form as the year's end approaches.
The Pengab is based on data and opinions collected from 200 bank branches, representing all the national banks in Poland.
Analysts say the slump also reflects the coming of December and the holiday period when people would rather hang on to their money instead of depositing it or investing. Nevertheless, this month's Pengab is still 2.6 points higher year on year.
Private customers have increased the amount of credit taken out consecutively since August. November's rise of current balance value was 8 points-the same figure as last month-and an even larger credit increase can be expected next month.
The general business market climate was similar to last month's, showing a decline of 0.7 points to 53.8 points. The result is 10.7 points higher than at the same time last year.
The Treasury's privatization of PKO BP was judged very positively by 11 percent and rather positively by 53 percent of the bankers surveyed. More than 50 percent of respondents predict that the bank's competitiveness after privatization will increase in the national market.
