Pologne
The following data have been gathered by Capgemini and are part of the World Retail Banking Report published annually in March.
Macro economic indicators (2006)
|
GDP at current prices and PPP
|
PLN 1060 billion
|
|
Inhabitants
|
38,2 million
|
|
GDP per head
|
PLN 27,803
|
|
Economic growth rate
|
5.8%
|
|
Consumer confidence indicator
|
- 7
|
|
Unemployment rate
|
14.9%
|
|
Consumer Price Index
|
1%
|
|
Banking staff
|
157,988
|
|
Number of branches
|
12,275
|
|
Number of inhabitants per branch
|
3,106
|
|
Number of ATMs
|
9,938
|
|
Inflation rate
|
1.1%
|
|
Interest rate, consumer credit
|
13.9%
|
|
Interest rate, residential mortgage
|
(in PLN) 5.7%
(in CHF) 3.1% - 3.2% |
|
Interest rate on long term bonds
|
5.2%
|
Type and size of players
Cost/Income Ratio = operating expences / operating income
Ownership Structure
Products
Market Share
Lending products
In 2006, commercial banks recorded an acceleration in their development. The growth rate of their assets that was the highest in a few years, was stimulated by the strong economic growth driven on the one hand by a growth in private and corporate bank deposits, and on the other, by the demand for loans and other banking services. The factors that contributed to the increase in banks’ lending activities (almost 45%) were housing loans to households whose growth rate (54.7%) by 13.2 percentage points exceeded the 2005 figures.
Payments
The Polish payment cards market is one of the youngest and fastest developing markets in the European Union. In the area of non-cash payment transactions, it was the payment cards market that experienced the most rapid increase during last several years in Poland.
Trends
Competitive environment
In 2006 the combined net profit of commercial banks in Poland increased 17% to 2.6 bn EUR. Key profitability ratios of banks improved significantly: ROAA rose to 1.7%, while ROAE exceeded 16%. These favorable developments were attributable in the first line to quickly growing volumes (commercial banks assets increased by 16%) and other factors like stable margins and well controlled costs.
Economic model
Strong economic growth, rising corporate spending and growing wealth of individuals will translate into increased demand for banking services. In mid-term horizon retail banking will remain the key growth driver with very strong mortgage lending business).
Channels
There is a visible trend among banks to expand phisical distribution networks.Despite significant growth of electronic channels, banks try to exploit the opportunity of coming closer to clients by opening more smaller and multifunctional outlets. The combined investment plans of commercial banks add to over 1500 new outlets until 2008. It is noticeable that a big part of newly opened outlets are franchising/partner networks operated by 3rd parties . At the same time banks invest in specialized networks (new brands) focused on a single product or customer segment and improve functionality of direct channels.
