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Poland

Bank BPHJoseph Wancer, CEO
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1. What makes your country attractive to investors?

Poland enjoys a highly qualified, educated and relatively inexpensive workforce with further room for productivity growth; a favourable geographical location; a large domestic market with hefty growth potential in many business areas; good macroeconomic performance; and enhanced credibility after EU accession.

2. What are the economic prospects for your country over the next three to five years?

I expect the Polish economy to develop at an annual pace of about 4%-5% mostly due to increased investment and rising private consumption that will not spill over into a higher current account deficit, due to export acceleration (one of the key advantages of the EU accession).

3. How do you foresee the financial sector in your country changing?

The financial sector will grow strongly, taking advantage of favourable macroeconomic developments and higher demand, which will particularly benefit non-banking financial institutions. Moreover, expected consolidation will improve efficiency further.

4. What role will your bank play in your country’s future development?

Bank BPH, with assets of around €15bn, significant market shares in strategic products (20% in retail mortgages) and an innovative, award-winning offer, will steadily enhance its impact on the economy. Due to high efficiency and the effect of scale, the bank can provide customers with cheaper loans, supporting investment and private consumption, which in turn triggers higher employment.

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Read more about:  Central & Eastern Europe , Poland