Banking - Poland

Poland

In Poland, the Banking market is expected to witness a significant growth in Net Interest Income, reaching an estimated value of US$34.04bn in 2024.
Traditional Banks are the dominant players in this market segment, projected to account for a substantial market volume of US$26.38bn in the same year.
This indicates the strong position of traditional Banking market institutions in Poland.
Looking ahead, the Net Interest Income is anticipated to exhibit a compound annual growth rate (CAGR 2024-2029) of 9.89%, resulting in a projected market volume of US$54.54bn by 2029.
This suggests a positive growth trajectory for the Banking market in Poland over the forecast period.
In terms of global comparison, it is noteworthy that China is expected to generate the highest Net Interest Income, with an estimated value of US$4,332.0bn in 2024.
This highlights the significant role of China in the global Banking market sector.
Overall, the Banking market in Poland is poised for growth, with traditional banks playing a prominent role.
The projected increase in Net Interest Income indicates a positive outlook for the country's Banking market sector in the coming years.
Poland's banking market is experiencing a surge in digital banking services, with more customers opting for online transactions and mobile banking.

Key regions: United States, China, Japan, Brazil, United Kingdom

Definition:

The Banking market refers to the financial services sector providing financial products and services to individuals and businesses. Retail banking focuses on offering financial services to individual consumers, such as personal loans, savings and checking accounts, credit cards, and mortgages. Commercial banking, on the other hand, provides financial services to small and large businesses, including loans, lines of credit, and other financial products designed specifically for businesses.

Structure:

The market consists of two segments:
- The Traditional Banking market refers to the financial services sector that provides a range of financial products and services to individuals and businesses through store-based branches and other traditional channels.
- The Digital Banking market refers to the emerging market for digital-only banks that offer financial services through online and mobile platforms.

The market data comprises Net Interest Income, Bank Account Penetration rate, the value of Deposits, the number of depositors, the value of Loans, the number of borrowers, Credit Card Interest Income, the number of ATMs as well as the number of Bank Branches.

Additional information:

The Banking market is highly competitive and characterized by the presence of large global players as well as regional and local banks. Banks are continually seeking ways to improve their offerings and remain competitive by leveraging technology and offering innovative financial products and services. Additionally, changes in regulations and the growing trend toward digitalization are shaping the Retail & Commercial banking market, creating opportunities for new entrants, and forcing existing players to adapt.
Key players in this market are companies such as the Industrial and Commercial Bank of China Ltd., JPMorgan Chase & Co., and HSBC Holdings.

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Analyst Opinion

The Banking market in Poland has been experiencing significant growth and development in recent years.

Customer preferences: Polish customers are increasingly opting for digital banking services, drawn to the convenience and accessibility they offer. The ease of conducting transactions online, accessing account information, and utilizing mobile banking apps has led to a surge in the adoption of digital banking platforms. Customers are also showing a growing interest in personalized financial products and services tailored to their specific needs and preferences.

Trends in the market: One prominent trend in the Polish banking market is the increasing competition among both traditional banks and new digital entrants. This competition is driving innovation in products and services as institutions strive to differentiate themselves and attract customers. Additionally, there is a growing focus on sustainability and ethical banking practices, with customers showing a preference for banks that demonstrate social and environmental responsibility.

Local special circumstances: Poland's banking market is unique in its relatively high proportion of foreign-owned banks. This presence of international banking institutions has brought diversity and expertise to the market, contributing to its overall stability and competitiveness. Moreover, the country's strong regulatory environment has played a crucial role in shaping the banking sector, ensuring consumer protection and financial stability.

Underlying macroeconomic factors: The growth of the banking market in Poland is closely tied to the country's overall economic performance. As Poland's economy continues to expand, with steady GDP growth and increasing disposable income levels, the demand for banking services is also on the rise. Furthermore, favorable demographic trends, such as a large population of tech-savvy millennials, are driving the adoption of digital banking solutions and shaping the future of the industry.

Methodology

Data coverage:

Data encompasses B2B and B2C enterprises. Figures are based on Net Interest Income, Bank Account Penetration rate, the value of Deposits, the number of depositors, the value of Loans, the number of borrowers, Credit Card Interest Income, the number of ATMs as well as the number of Bank Branches.

Modeling approach / Market size:

Market sizes are determined by a combined Top-Down and Bottom-Up approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use data provided by the IMF, World Bank and the annual reports of the top 1000 Banks by asset size. Next we use relevant key market indicators and data from country-specific associations such as GDP, deposit interest rates, lending interest rates or bank account penetration rates. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, the S-curve function and exponential trend smoothing are well suited to forecast financial services for digital as well as traditional products and services.

Additional Notes:

The market is updated twice per year in case market dynamics change.