Transcript Wnioski i rekomendacje z IV KGE

Improvement of the credit
market in Poland
Krzysztof Pietraszkiewicz
President of Polish Bank Association
Tel Aviv 14 June 2012
THERE IS NO STABLE COUNTRY WITH
UNSTABLE BANKS.
POLAND
Area
312 679 km2
Population
38 135 000
Capital
Warsaw, Population 1,702 mln
Currency
Złoty (PLN) = 100 groszy (gr.)
Number of enterprises
Over 3,5 million
Life expectancy
79,7 women, 71,0 men
GDP growth
Unemployment in Poland (1990-2011)
%
25,00
19,71
20,00
19,92
16,49
15,00
14,99
12,93
10,00
8,98
18,19
19,51
15,21
14,29
11,49
16,23
14,01
11,99
9,98
14,80
11,20
13,10
12,90
10,70
9,50
5,00
3,43
0,00
4
Inflation 1991-2011
585,5
Źródło: GUS,
5
• Poles remember the anguish and
long-term struggle with inflation.
• Poles know what the credibility is.
• We are proud what Poland has
achieved, but we are also aware of the
risks.
National debt/GDP
Źródło: GUS, 2012
Budget deficit/GDP
STATE OF PLAY
We have the right to be proud of stability in
economic policy and banking system which is:
a) Stable,
b) Modern,
c) Well-managed and well-supervised, but...
backlogs are still enormous and difficult
problems to solve.
Banks play a special role in the
Polish economy.
Poland is still an
underbanked country.
Polish financial system structure
Open retirement fund
Invest Funds
Stock-brokers
Insurance corporations
Banks
Źródło: NBP
Number of Polish banks
Deposits of the nonfinancial sector in
millions PLN
40
600 000,0
500 000,0
400 000,0
300 000,0
491 33135
482 082
917
30,4 29,642529,3
30,4%
30
29,2
28,2%
379 671
26,7
25
331 997
23,9%
239 361262 400
20
19,8%
19,0%
220 836
33,6% 34,5
200 000,0
100 597
125 890
144 857 151 251
166 028
182 737
204 995
184 282
15
10
100 000,0
5
0
0,0
2001
2002
2003
Corporations
Źródło: NBP
2004
2005
2006
House Holds
2007
2008
2009
2010
Corporations/Non-financial sector
2011 03/2012
Deposits to GDP in the EU in 2010 in %
1,000
100
10
1
Austria
Belgium
Bulgaria
Cyprus
Czech Republic
Germany
Denmark
Estonia
Spain
Finland
France
UK
Greece
Hungary
Ireland
Italy
Lithuania
Luxembourg
Latvia
Malta
Netherlands
Poland
Portugal
Romania
Sweden
Slovenia
Slovakia
A deficiency in domestic
savings .
Too small part
(only 4%) of
long-term savings.
Credits to deposits
900
800
700
600
500
400
Kredyty
Depozyty
300
200
100
0
Credits for nonfinancial sector in billions
of PLN
38,9
900,0
800,0
25,0
600,0
15,8
412,0
500,0
14,7
400,0
200,0
100,0
0,0
Źródło: NBP
33,2
16,0
700,0
300,0
36,0
9,2
10,7
11,9
11,0
86,1
98,1 109,6 136,0
2002
2003
534,0 526,0
477,5
367,0
254,1
182,9
216,0 212,0 204,0 238,9 242,0
171,2
117,9 120,4 116,0 119,1 136,5
2004
2005
Corporations
2006
2007
house holds
2008
2009
2010
Local goverment units
2011
03/2012
Special Credits
•
•
•
•
Technology
Ecology
Modernisation of Agriculture
Renewable energy
Number of active mortgage credits
Total value of mortgage credits
lending in millions PLN
Loans/GDP in %
10,000
1,000
100
10
1
Austria
Belgium
Bulgaria
Cyprus
Czech Republic
Germany
Denmark
Estonia
Spain
Finland
France
UK
Greece
Hungary
Ireland
Italy
Lithuania
Luxembourg
Latvia
Malta
Netherlands
Poland
Portugal
Romania
Sweden
Slovenia
Slovakia
A WELL-PREPARED AND
EXPERIENCED POLISH
BANKS PERSONNEL .
Employees
23
Źródło: KNF, 2011
OWN FUNDS IN THE BANKING
SECTOR ARE BUILT
CONSISTENTLY.
Own Funds in millions PLN
115 533
110 876
100 598
88 423
74 346
61 765
3 394
51 234
46 587
40 564
42 719
40 558
37 769
30 689
25 767
22 468
17 861
12 526
7
661
5 257
1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
Źródło: NBP
2005 2006 2007 2008 2009 2010 2011 03/2012
Assets in billions PLN
1400
1 295 1 302
1 159
1200
1041 1060
PLN Mld zł.
1000
801
800
681
600
428
460
466
489
2001
2002
2003
539
587
400
200
0
2000
2004
2005
2006
2007
2008
2009
2010
2011 03/2012
26
Źródło: KNF, 2011r.
Assets/GDP in %
10,000
1,000
100
10
1
Austria
Belgium
Bulgaria
Cyprus
Czech Republic
Germany
Denmark
Estonia
Spain
Finland
France
UK
Greece
Hungary
Ireland
Italy
Lithuania
Luxembourg
Latvia
Malta
Netherlands
Poland
Portugal
Romania
Sweden
Slovenia
Slovakia
A good quality loan portfolio
Good performance of
the banking sector
Non-performing loans to loans in total
Źródło: NBP
STRUCTURE OF EVERYDAY PAYMENT
(cash payments dominance)
CASH
CARDS
PAYMENT
ORDER
Źródło: NBP
Card transactions value in millions PLN
450,000.0
389,036.6
400,000.0
353,822.0
330,450.5
304,289.4
350,000.0
300,000.0
265,158.9
250,000.0
218,939.5
187,246.8
200,000.0
156,671.9
130,067.4
109,306.7
88,494.9
64,211.6
150,000.0
100,000.0
50,000.0
34,385.0
11,589.0
0.0
1998
Źródło: NBP
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
Payment cards in Poland
Internet banking
Źródło ZBP
Stable position of the
National Bank of Poland.
A stable and strong
position of the banking
supervision – Polish
Financial Supervision
Authority.
Key elements of Polish banking
infrastructure
Key elements of the Polish financial
sector infrastructure
Banking market
• Bank Guarantee Fund
• National Clearing House
• Bureau of Credit
Information
• Bereau of Economic
Information Infomonitor
• The Polish Banking
Ombudsman
• Effective system of
banking training and
education
Capital market
• Warsaw Stock
Exchange
• National Depository
for Securieties
• CCP
• Bondspot
• Power Exchange
Bureau of Credit Information
www.bik.pl
37
Economic Data Office
Number of reports published by Economic Data Office in
2006-2011
38
National Clearing House
• Krajowa Izba Rozliczeniowa S.A. develops and markets
innovative solutions pertaining to the exchange of
electronic information. Such solutions have a
significant influence on shaping and developing Polish
e-economy. Products and services offered by KIR S.A.
are targeted at banks and financial institutions,
enterpreneurs, public administration, as well as at ecommerce operators and their clients.
• Products:
– BILIX
– PayByNet
– ELIXIR
– EuroELIXIR
The Bank Guarantee Fund
The Bank Guarantee Fund's mission is to work in
favour of the safety and stability of banks and to
increase confidence in the banking system.
The basic tasks of the Fund are:
-to reimburse, up to the amount specified by the Act on the BGF, of funds
accumulated on bank accounts, in the event of the bankruptcy of a bank which
is a participant in the deposit guarantee scheme,
-to provide financial assistance to banks which have found themselves faced
with a loss of solvency and are engaging in independent reforms,
-to support processes involving the merger of endangered banks with strong
bank entities,
- to collect and analyse information about entities covered by the guarantee
system, including the preparation of analyses and forecasts concerning the
banking sector.
THANK YOU
[email protected]
www.zbp.pl