Moody's rates Polish banking sector ‘stable’

Ratings agency Moody's expects the situation in Poland's banking sector to be stable in 2014. The agency also expects the profitability of the sector to remain at a similar level to that in 2013 and that  capital ratios will also be similar to last year's figures. The agency attributes its stable ratings for Poland to the pick-up in the economy and to the strong fundamentals of Polish banks. “Net interest margin and indicators such as return on capital and assets remain high in Poland. While Russian and Turkish banks achieve higher profitability, the price for that is the higher risk of doing business in those countries,” the agency stated.