Polish banks expect growth in 2015 - KPMG
14:44
Polish bank managers are the most optimistic in the CEE, according to the latest report by consultancy KPMG - Banking Executive Survey 2014, 57 percent of them expect the profit and revenue of the sector to rise in 2015. Almost 90 percent of the responders considers expanding product development spending.
All of the participants stated that law regulations will impact Polish sector the most in the upcoming five years. Regulatory risk and credit risk will be the most important aspects of the sector.
Nevertheless, as much as 71 percent of surveyed lenders claimed a decrease of distribution channels expenditures and almost one third of them declared to decrease advisory services spending.
“Polish banks are optimistic about the future. They invest in developing new products and customer relationship more than their counterparts in the CEE region,” KMPG Poland partner, Stacy Ligas said. “New payment methods and business intelligence improvements will be an important growth factor,” she added.
KMPG surveyed 119 banks from 14 CEE countries.
