Current POS and ATM Penetration Benchmarks for Poland Vs. Europe Show a Big Gap and Suggest a Substantial Growth Potential - Banking Market In Poland 2008-2010 - CEE Banking Series.DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c88767) has announced the addition of Banking Market in Poland 2008-2010 - CEE Banking series to their offering. Another successful year. Banking sector in Poland enjoyed dynamic growth in 2007. Both client loans and deposits increased substantially, recording annual change of 29% and 14% respectively vs. 2006. At the same time average interest margins barely changed, being supported by rising money market rates. As a result, the combined profit of commercial banks increased sharply by 29% to PLN PLN In currencies, this is the abbreviation for the Polish Zloty. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 13 bn (EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 3.4 bn). Key profitability ratios of commercial banks significantly improved vs. 2006: ROAA ROAA Return on Average Assets (business, banking, accounting) ROAA Rural Oregon Arts Association ROAA Royce Online Account Access (Royce Fund Services, Inc. rose to 1.88% while ROAE ROAE Return on Average Equity exceeded 18.5% and CI ratio fell down to 55.4% Competitive landscape & new players. The recently closed merger of Pekao/BPH produced a new market leader. Bank Pekao, a UniCredit subsidiary is controlling today ~16% banking assets and is a clear corporate banking leader (27% market share). On the other end more and more new players emerge on the market willing to build their own operations in Poland. Recent history shows that even a greenfield project may turn into success provided the business model is right and a highly motivated management team is there (case Polbank EFG EFG Electric Field Gradient EFG Edge-defined Film-fed Growth EFG European Financial Group EFG European Federation of Geologists EFG Egyptian Financial Group EFG Epic Fail Guy EFG Earth Federation Government (Mobile Suit Gundam) ). At present there are 3 new big banking projects under development: Allianz Bank, Alior/C.Tassara and BWE/Innova. Apart of them there is also a group of other players (mostly from: UK, Iberia and Scandinavia) looking at possible acquisition targets / growth options in Poland. Expansion of infrastructure. Since 2005 most banks expand their physical distribution networks. Despite increasing role of remote channels, building a physical network is still the key for growth in Poland. Banks are increasingly penetrating middle-size cities and smaller markets with cost efficient franchising agency/concepts. If adding current development plans of banks, ~1600 new outlets could be opened during next year through Q1/2009 (+16% growth vs.12/2007). Also the payment infrastructure is likely to accelerate in response to positive trends in retail trade and services. Current POS (1) See point of sale and packet over SONET. (2) "Parent over shoulder." See digispeak. POS - point of sale and ATM penetration benchmarks for Poland vs. Europe show a big gap and suggest a substantial growth potential Good perspectives. Despite worsening global economic climate, the Polish banking sector is likely to keep performing well in the mid-term perspective. Both client deposits and loans are expected to grow following the improving situation of households and excellent performance of corporate sector. Interest margins are likely to remain on the current (high) level, at least until the Monetary Policy Council (RPP RPP Report on Plans and Priorities RPP Registered Pension Plan RPP Regulated Price Plan (Ontario Energy Board) RPP Rate Pressure Product RPP Registered Polarity Practitioner (elemental reflexology) ) keeps raising interest rates. The major threat is on the cost side. Growing infrastructure and employment together with substantial pay and rental cost increases are very likely to affect banks profitability. Mid-term forecast: Banking assets will keep growing at 13% p.a. through 2010. Considering increasing revenues, mounting costs and slowing F&C income, it can be expected that the overall profitability measures: ROE and CIR (Committed Information Rate) In a frame relay network, the average transmission rate in bits per second (typically Kbps) for a virtual circuit. It defines the maximum rate that the network can handle under normal conditions. will slightly worsen in 2008 Content Outline: 1. Macroeconomic overview 2. Banking market 3. Retail banking 4. Corporate banking 5. Banks profitability 6. Banks valuation and M&A activity 7. Top banks profiles 8. Mid-term forecasts 9. Note on methodology Companies Mentioned: - ABN AMRO BANK (Polska) SA - AIG AIG addressee indicator group (US DoD) AIG American International Group, Inc AiG Answers in Genesis (religious group in defense of Scripture) AIG Artificial Intelligence Group AIG Australian Industry Group Bank Polska S.A. - Alior Polska - Allianz Bank - Allied Irish Bank - Bank BPH S.A. - Bank DnB NORD Polska SA - Bank Gospodarki sywnosciowej SA BGs - Bank Gospodarstwa Krajowego BGK - Bank Handlowy w Warszawie SA Citibank - Bank Millennium SA - Bank Ochrony Srodowiska SA - Bank Pocztowy SA - Bank Polska Kasa Opieki SA Pekao - Bank Wspolpracy Europejskiej S.A. BWE - Bank Zachodni WBK SA Bank Zachodni WBK SA is a Polish bank. Between 1995 and 1996 Allied Irish Banks began to invest into Poland's emerging economy by purchasing 60.1% of Wielkopolski Bank Kredytowy, one of the country's most successful commercial banks. BZWBK - BFG - BIK - BPH BPH abbr. benign prostatic hyperplasia BPH Benign prostatic hypertrophy, a very common noncancerous cause of prostatic enlargement in older men. Bank Hipoteczny SA - BRE Bank SA - Calyon Bank Polska S.A. - Carlo Tassara - Cetelem Bank SA - Commerzbank - Deutsche Bank PBC PBC 1 Peripheral blood cells 2 Primary biliary cirrhosis, see there S.A. - Deutsche Bank Polska SA - DOMINET BANK S.A. - EFG Eurobank Ergasias S.A. SA Oddzial w Polsce - Euro Bank S.A. - FORTIS BANK POLSKA SA - GE Money Bank SA - Getin Bank SA - HSBC Bank Polska HSBC Bank Polska SA offers Consumer finance, Corporate banking and Treasury services in Poland. Its headquarters are in Piłsudski Square, Warsaw. Polski Kredyt Bank SA joins the HSBC Group SA - ING Bank Slaski SA - Innova Capital - INVEST - BANK SA - KBC - Kredyt Bank SA - la Caixa - LUKAS Bank SA - mbank - Multibank - Narodowy Bank Polski NBP - NOBLE Bank S.A. - NORDEA BANK POLSKA Nordea Bank Polska is a bank in Poland. It is part of Nordea - the largest Scandinavian financial group. Established first as "Bank Komunalny" in 1992, the Nordea Group became a strategic investor in 1999. SA - PKO Powszechna Kasa Oszczednosci Bank Polski SA - PZU - Rabobank Polska SA - Raiffeisen Bank Polska SA - Santander Consumer Bank S.A. - Societe Generale SA Oddzial w Polsce - Sygma Banque Societe Anonyme (SA) Oddzial w Polsce - UniCredit For more information visit http://www.researchandmarkets.com/reports/c88767 |
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