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Changes in the financing structure of the real economy in Poland - challenges for the banking sector


  • Pruski, Jerzy
  • Żochowski, Dawid


Significant changes have occurred in the Polish banking sector over the last ten years. In the mid-1990s, due to low market entry requirements, many small private commercial banks, which were frequently established by foreign banks seeking to enter the Polish market, operated alongside state banks. A wave of privatisation occurred in the banking sector, which was followed by a period of consolidation and restructuring. These processes, coupled with a simultaneous increase in foreign investor participation, enhanced management quality and banks’ efficiency, primarily with regard to risk management. The changes, which took place in the Polish banking sector in the second half of the 1990s, improved access to loans for corporates and households alike. As a result, lending grew rapidly. The increase was, on average, more pronounced in the household sector than in the corporate one, which brought the composition of bank loans to the private sector closer to what exists in the European Union. This convergence has accelerated over the last five years. The purpose of this paper is to present the phenomena which influenced the evolution of debt structure of the real economy sector in Poland as well as to discuss related future challenges.

Suggested Citation

  • Pruski, Jerzy & Żochowski, Dawid, 2005. "Changes in the financing structure of the real economy in Poland - challenges for the banking sector," MPRA Paper 328, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:328

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    Cited by:

    1. Slawomir Zajaczkowski & Dawid Zochowski, 2007. "The distribution and dispersion of debt burden ratios among households in Poland and its implications for financial stability," IFC Bulletins chapters,in: Bank for International Settlements (ed.), Proceedings of the IFC Conference on "Measuring the financial position of the household sector", Basel, 30-31 August 2006 - Volume 2, volume 26, pages 62-74 Bank for International Settlements.

    More about this item


    Banking Sector in Poland; Economic Transformation; Credit growth; Lending policy;

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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