Koniunktura w bankowości : październik - grudzień 2017 Prace i Materiały Instytutu Rozwoju Gospodarczego SGH

Abstract

In the 3rd quarter of 2017 the IRG SGH banking confidence indicator (IRGBAN) decreased from +17,5 pts to +8,3 pts. The decline was mainly caused by a drop in the balances of the result on banking activity and of profits. The third component of the indicator, the balance of employment, contributed to the decrease to a lesser extent. According to the banks, they constantly need to handle problems that put a constraint on banking activity, namely: high tax burden, and severe and untransparent laws, among others. When combined, these factors may seriously diminish banks' profits. However, the most controversial legislative initiatives concerning banking and financial services have been abandoned, and banks tend to be optimistic about their future business prospects.(original abstract)