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Problems at Poland’s banks are threatening the economy


  • Stefan Kawalec


The author points out that in the very near future, conditions will emerge in Poland which – as the experience of other countries shows – create a risk of reduced efficiency of credit allocation to business. Additionally, in Poland today, bank lending to companies is to a high degree being replaced by funds from state aid, which reduces the efficiency of allocation of external funds to companies (both loans and subsidies), as allocation of government subsidies is not usually based on efficiency. This decline in external financing allocation efficiency may slow, halt or even reverse the process, that has been uninterrupted for 28 years, of Poland’s convergence, i.e. the narrowing of the gap in living standards between Poland and the West.

Suggested Citation

  • Stefan Kawalec, 2021. "Problems at Poland’s banks are threatening the economy," mBank - CASE Seminar Proceedings 0168, CASE-Center for Social and Economic Research.
  • Handle: RePEc:sec:mbanks:0168

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    banking sector; mortgages loans; credits; interest rates; Poland; CHF;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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