The Polish banking sector is in good condition, and the risk for its stability remains limited – reported Deputy Minister of Finance Jurand Drop during a meeting of the Sejm Public Finance Committee.
“The situation of the Polish banking sector remains stable and the risk is limited. Banks operating on the domestic market are characterized by a high level of solvency” – emphasized Jurand Drop.
Added that systematic increasing own fundswhich have already exceeded PLN 220 billionincluding the increase in high -quality capital (Tier 1), significantly contributed to the strengthening of the sector.
See also: Banks have returned to great profits. In July, a record of all time was broken
As a result, as the deputy minister pointed out, Banks' own funds significantly exceed the capital requirements, which were determined on the basis of the risk. In his opinion, domestic banks show a high ability to absorb losses and the provision of financial services even in the most pessimistic scenarios.
Banks ready for unexpected challenges
Jurand Drop calmed down that the Polish banking sector is prepared for any negative scenarios. “Even if there are unexpected events with a large negative impact on the financial sector, our banking sector has all the tools to deal with it and continue lending the economy” – said the deputy minister.
See also: Confusion with the would-be successor to WIBOR and banks. Is the final of the KNF behavior
He also added that the work of the financial stability committee indicates that the banking system is safe and potential sources of risk are constantly monitored.
He noticed The most important challenge, which remains the risk associated with the portfolio of currency housing loans. “This is the most important weak point in the Polish financial system,” he emphasized.
He then mentioned other potential threats, such as geopolitical risk, undermining WIBOR and the risk of free credit sanctions. However, all these issues are, he assured, under constant observation.
