Raporty i bazy danych
Ponad 80 publikacji obejmujących bankowość, ubezpieczenia, płatności, kredyty hipoteczne i zarządzanie aktywami w Polsce i Europie Środkowo-Wschodniej.
Zdecydowana większość naszych raportów jest dostępna wyłącznie w języku angielskim. Tytuły, opisy i spisy treści poniżej pozostają w oryginale.
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. --------------------------------------------------------------------------------------------------------------------------------------
Banking market in Romania, 2018
Total banking assets in Romania increased by 9% YoY in 2017 and they also sustained fast growth in the first three quarters of 2018, hitting a record high of RON 445 billion as of September 2018. Client deposits at banks recorded slightly slower rate of growth to nearly RON 368 billion with household deposits remaining strong. By contrast, outstanding client loans grew faster than in the past and reached RON 257 billion as of Q3 2018. The faster pace of growth in outstanding loans has been accompanied by the falling ratio of non-performing loans. The NPL ratio has more than halved since 2016 and reached 5.7% (EBA ratio) as of June 2018. The sector has also made further progress in containing currency related risks as the share of outstanding loans denominated in foreign currency has been reduced substantially, in particular, in case of mortgage loans. For more information on recent developments in the banking sector in Romania, please refer to the full publication.
Banking Market in Poland, 2018-2020
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.
Banking market in Romania, 2017
Total banking assets in Romania increased by 4.4% YoY to a record of RON 394 billion as of December 2016. Client deposits at banks recorded strong 12% YoY growth to nearly RON 333 billion with government and household deposits increasing most quickly. By contrast, outstanding client loans increased only by a fraction in 2016 and reached RON 231 billion. This was a consequence of a continued contraction in corporate lending and a still slow growth in retail loans. One of the most encouraging trends has been the falling ratio of non-performing loans which has halved since 2014. Banking sector in Romania has also made a significant progress in reducing currency risk as the share of outstanding loans denominated in foreign currency has fallen substantially, in particular in case of corporate and mortgage loans. For more information on recent developments in the banking sector in Romania, please refer to the full publication.
Banking market in Poland, 2017-2019
Banking sector. Banking volumes have continued to grow fast during 2016, despite relatively unfavourable regulatory environment. Deposits of non-financial clients at banks recorded a strong 11% YoY increase to nearly PLN 1.1 trillion while lending increased a bit slower, at 5% YoY to PLN 1.11 trillion. The growth of volumes was balanced across all client segments, however, retail deposits advanced particularly fast. As a consequence of growing key volumes, total banking assets increased by 7% YoY to a record of PLN 1.71 trillion as of December 2016. For more information on recent developments in the Polish banking sector, please refer to the full publication.
Sektor bankowy w Polsce
1. Depozyty i kredyty przedsiębiorstw rosną coraz szybciej podczas gdy tempo wzrostu wolumenów detalicznych ustabilizowało się. 2. W ciągu ostatnich 12 miesięcy gospodarstwa domowe zaoszczędziły w bankach 67 miliardów PLN, z czego około 40 miliardów PLN to wzrost zasobów netto (Wzrost salda depozytów - wzrost salda kredytów). 3. Banki podnoszą najniższe marże w wyniku podatku bankowego. Marże kredytów mieszkaniowych i kredytów dla przedsiębiorstw rosną. Jednocześnie marże kredytów konsumpcyjnych spadają. Z punktu widzenia gospodarki taki trend nie napawa optymizmem... For more information, please refer to the full publication or contact us at info@inteliace.com.
Swiss banks, 2016
Banks operating in Switzerland continue to grow. However, there are structural changes taking place in the Swiss financial sector. As largest banks slowly lose market share, the position of regional and cantonal banks is improving. The share of domestic assets is growing while the share of foreign assets decreases, which could be attributed to increasing regulatory and compliance requirements. It could be also a warning sign that the role of Switzerland among global banking centers is eroding. The profitability of banks in Switzerland improved significantly in 2015. However, the key driver was extraordinary result and not the ordinary business. By contrast, the cost-to-income ratio, reflecting the core banking activity has deteriorated to above 70%. Banks look for solutions to improve productivity by a range of measures including higher automation and alternative distribution channels. In the same time the physical distribution network and the number of employees are being gradually reduced. Raiffeisen Group and cantonal banks from Luzern and St. Gallen were the fastest growing banks among TOP 12 institutions, in terms of assets in 2015. For more information, please refer to the full publication or contact us at info@inteliace.com.
Banking market in Poland, 2016-2018
Poland's economy accelerated in 2015 with Gross Domestic Product (GDP) advancing at 3.6% annual rate. Banking volumes have continued to grow fast in course of 2015, reflecting favorable developments in the economy and higher consumer confidence. Total banking assets hit a record PLN 1.6 trillion as of December 2015, which corresponds to a 4% YoY growth rate. In our base-case scenario, we see Poland's economy remaining strong in 2016 but decelerating in 2017 and 2018. We assume a continued growth in key banking volumes, in particular in retail deposits and in corporate lending. For more information on recent developments in the Polish banking sector, please refer to the full publication.
Banking market in Poland, 2015-2017
Most banks operating in Poland have benefited from the improving economy and higher consumer confidence, being able to expand their balance sheets considerably. Total banking assets hit a record PLN 1.53 trillion as of December 2014, which corresponds to a 9% YoY growth rate. Total client deposits at banks recorded a 9% YoY increase to PLN 956 billion and total client lending rose by 6% to PLN 910 billion. For more information on recent developments in the Polish banking sector, please refer to the full publication.
Bank BPH and Recent Trends In Poland's Banking Sector
Poland's banking sector keeps growing quickly following positive trends in the domestic economy and despite external headwinds. For more information on recent developments in Poland's banking sector, please refer to the full publication.
Banking market in Turkey, 2014-2016
Turkey's economy grew at a 3.3 percent annual rate in the first half of 2014 despite increasing global economic headwinds. Key banking volumes reflected the robust economy, however, growing at decelerating rates. Total assets increased to a record TRY 1.65 trillion (EUR 631 billion) as of June 2014. Lending remained relatively strong (+5% growth in value of outstanding loans during Jan.-Jun.2014), despite growing interest rates. The weakest segments were car and credit card lending hit by regulatory actions and by growing unemployment. Total deposits increased only by a fraction during H1 2014, driven up mostly by retail volumes. In terms of profits, banks were able to post solid results in H1 2014. Despite gradually falling (since 2012) interest margins and stagnating fee & commission income, banks managed to produce higher profits thanks to growing underlying volumes. A closer look at P&L statements of the banking sector in H1 2014 points to a good control of operating costs and a falling impact of bad-loan provisions (on a relative basis vs. total assets). The NPL* ratios for commercial loans and housing loans keep falling, however, credit card debt and other consumer lending showed first signs of deterioration, which could be attributed to higher interest rates and growing unemployment. For more information on recent developments in the Turkey's banking sector, please refer to the full publication.
Recent trends in Poland's banking sector - H1 2014
In contrast to some troubled CEE banking markets as Bulgaria or Slovenia, Poland's banking sector consistently demonstrates strong performance. All key volumes (deposits and loans) kept growing at moderate rates in the first half of 2014. At the same time the level of non-performing loans has been decreasing for most of loan categories. The only exception with growing NPL rates has been mortgage lending, which could be attributed to ageing of contracts and low dilution due to weak new sales of mortgage loans. After a significant drop of market interest rates recorded in 2013 and a subsequent collapse of deposit margins, banks were able to stabilize margins again in H1 2014. As a result of higher margins and growing volumes, banks have recorded very good operating results, with net interest revenue advancing by 16% YoY in H1 2014. Strong interest revenues have more than compensated for stagnating fee & commission income, which has been affected by regulatory developments including bancassurance, card interchange and other.) The banking sector in Poland remains strong, it is well capitalized and finally, thanks to accelerating build-up of local deposit, it is less and less dependent on external headwinds. --------------------------------------------------------------------------------------------------------------------------------------
Banking market in Poland, 2014-2016
The future outlook for the banking sector in Poland is positive. Key banking volumes are expected to accelerate in 2014-2015. However, the growth in banks' revenues and profits might temporarily be held back by a number of factors including: unfavorable regulatory developments (e.g. card interchange), increasing risk costs and higher operating expenses. Poland's banking market continued to consolidate in 2013. Bank PKO took over most of businesses of Nordea Group in Poland, including Nordea Bank Polska, BNP Paribas agreed to buy BGZ bank and Getin Noble acquired retail operations of DZ Bank. However, the appetite for consolidation met growing resistance from the regulator: KNF (Polish Financial Supervision Authority). In recent statements, KNF described current level of concentration in the banking sector as "close to optimal" and warned that further mergers would be thoroughly examined (which means that further M&A is unwelcome). For more information on recent developments in the Polish banking sector, please refer to the full publication.