Economic Review
Branches
Descriptions of branches and characteristics of their most important companies, usually listed on the Stock Exchange. Available in the Polish and English languages.
Banks, 19 January 2012
We expect 2012 to be a tough year for the banking industry, not merely due to the expected slowdown in Poland’s GDP growth from 4.2% in 2011 to 2.8%, but also because of incoming regulatory changes with a negative impact on the retail segment. Following a 13-14% downward revision to our earnings forecasts for 2012-2013, we project a 7% reduction in the banks' aggregate net income in 2012.
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