MF: Poland's banking sector is stable with good development prospects

The Ministry of Finance has estimated that the situation of the banking sector is stable and has good prospects for development. "Regarding Polish banks vs international banks' competitiveness, it should be noted that the information published by operating in Poland banks' (including banks with a predominant Polish capital) financial results for the first quarter of this year were better than expected. This indicates the stable condition of the banking sector and good prospects of its development. Therefore, that increasing trend may confirm the confidence of domestic investors in the sector, and as a result in the future lead to bring in national capital over foreign investment," the statement read. According to data from the Financial Supervision Authority (KNF), Poland’s banking sector fell by 15.7 percent in January-March 2016 on a yearly basis.