Several Polish banks will fall this year - MinFin
10:55
Deputy Finance Minister Konrad Raczkowski told the Polish Press Agency (PAP) that several small Polish lenders will fail this year, but their bankruptcies will not hurt Poland's financial system.
"Several banks are toxic and they will go bankrupt later this year," Raczkowski said. "But these are small banks, and that will not affect the Polish financial system."
"But it will not arise from the fact that we introduced the bank tax this year, but because the banks were poorly managed and institutional supervision worked poorly," he said.
Commenting on MinFin official's words, KNF spokesperson Lukasz Dajnowicz assured that the banking system is "stable and efficient" and no bank is managed by a supervision-imposed board of trustees.
