Top Polish Banks announced in June

The “BANK” magazine announced, in June this year, for the nineteenth time the special report called “50 Largest Banks in Poland 2014“. For years, “BANK”’s report is considered the most objective and reliable. There are different types of award categories like: universal banks, retail, corporate, and mortgage.

The position of banks in each category is calculated based one the hard evidences such as number of employees, total assets, capital adequacy, and it is developed by banking experts cooperating with the magazine’s editors.

No surprises for the winner based on the total assets level – PKO Bank Polski was rank on the 1st position (the leader for years in this category). Bank’s total assets grew more then 3,1% comparing to the previous year. Bank Pekao SA was located on the 2nd place showing increasing the result too. Bank Zachodni WBK S.A. advanced in the ranking on 3rd position this year (thanks to Kredyt Bank’a acquisition). mBank , after successful year of merging all 3 brands into one, and launching new internet banking platform, was on the 4th position. The difference between 3rd and 4th bank was really minimal. The ING Bank Śląski was on the 5th position.

Year 2014 brings a lot of new challenges for Polish banking industry. Falling interest rates are not only lowering revenues, but also falling interest costs. The reduction of intercharge’ fees impacts revenue streams too. Banks need to find new sources of revenue, including a deeper reach into the pockets of their customers.