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Banking Market in Poland, 2018-2020
Research report: Banking market in Poland, 2018
Ten raport jest dostępny wyłącznie w języku angielskim. Opis i spis treści pozostają w oryginale.
O tym raporcie
Banking volumes have continued to grow during 2017, however, they increased slower than in the past. Deposits of non-financial clients at banks reached PLN 1.14 trillion after a 4% YoY growth while client loans increased to PLN 1.15 trillion, recording a 3% YoY growth. The recent change in key volumes was balanced across all client segments, however, corporate lending advanced slightly faster than other variables. As a consequence of growing client volumes, total banking assets went also up and reached PLN 1.78 trillion as of December 2017. Consolidation trends observed in previous years continued also in 2017. Santander`s subsidiary - BZ WBK secured the acquisition of retail and SME activities of Deutsche Bank Polska while BGŻ BNP Paribas was the winner in negotiations for the business of Austria's Raiffeisen bank leaving Poland. As a consequence of recently announced deals, the banking market will soon become pretty concentrated with 6 major banks managing assets in excess of PLN 100 billion each and holding a combined market share in excess of 55%. For more information on recent developments in the Polish banking sector, please refer to the full publication.
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Banking Market in Poland, 2023-2025
The competitive landscape within the Polish banking sector has not changed much over the past few years. The group of major commercial banks remained unchanged, concurrently increasing its market share slightly, indicating a trend toward growing concentration. Noteworthy in this context is the government-owned SPV Bank - BGK, which has ascended the top list of banks due to its exclusive rights in distributing support and lending funds from both the government and the EU. While there has been little M&A activity in the banking sector recently, an exception from this trend is Velo Bank. This institution is currently available for acquisition following a compelled restructuring and takeover by the government of the erstwhile Getin Noble Bank. The sales tender is presently open, with expectations for closure early in 2024. The surge in market interest rates, rising from zero to approximately 6.5% in 2022, had a profound impact on the banking sector. The escalating cost of money significantly influenced the new investment demand of corporations, while simultaneously limiting the capacity of individuals to secure new loans. Conversely, the notably higher interest rates, though still below inflation, spurred interest in depositing funds in banks. Consequently, overall client deposits at banks reached PLN 1.92 trillion in Q2 2023, reflecting an 11%+ change over 1½ years since the end of 2021. Concurrently, client loans experienced a contraction of over 2%, decreasing from PLN 1.29 trillion at the close of 2021 to PLN 1.26 trillion in Q2 2023. Despite many challenges, the future outlook for key banking volumes remains favorable. Total banking assets are projected to grow steadily, potentially reaching PLN 3.5 trillion by the end of 2025. For more information on recent developments in the Polish banking sector, please refer to the full publication.
Banking Market in Poland, 2020-2022
Banking volumes have continued to grow steadily during 2019 and Q1 2020. Deposits of non-financial clients at banks reached PLN 1.43 trillion after a 5% jump in Q1 2020 while client loans increased to PLN 1.26 trillion in Q1 2020, recording a 4% QoQ growth. The recent change in key volumes was balanced across all client segments. However, faster growth in deposits than in loans resulted in increasing liquidity within the sector. Total banking assets followed positive trends in client segments and they exceeded PLN 2.1 trillion as of March 2020. In terms of profitability, banks operating in Poland recorded a 9% jump in bottom line to PLN 14.2 billion in 2019 or a 9% YoY growth. The ROAA* and ROAE* benchmarks improved by a fraction to 0.73% and 6.88% respectively, in 2019. Nevertheless, this highly favourable outlook has been reversed in Q1 2020 when the Monetary Policy Council (RPP) started a new easing cycle. The dramatic shift in monetary policy in Q1 2020 combined with a weakening economy has created significant challenges to all banks operating in Poland. The series of interest rate cuts of 140 bp in Mar.-May 2020 alone is estimated to wipe ca. 33% of bank profits in 2020. Moreover, the predicted growth in regulatory charges, taxes and increased credit risk, will further cut into earnings. As a consequence, the bottom line of banks is likely to drop by over 50% in 2020 vs. the year before. This will be a major shock for banks as the over decade long period of stable profits has come to an end. Consequently missing profits will create a growth barrier for banks with thin equity buffers. For more information on recent developments in the Polish banking sector, please refer to the full publication.
Bank challengers in Europe 2019, company profiles
Digital banks, challenger banks, neo-banks, bank challengers in Europe A brief look at challenger banks & fintech companies in Europe reveals an exceptional growth in their customer base during last few years. While the total number of customers for the sample of 7 key players was just 0.2 million in 2015, it surged to over 8 million in 2018. --------------------------------------------------------------------------------------------------------------------------------------