Koniunktura w bankowości : styczeń-marzec 2020 Prace i Materiały Instytutu Rozwoju Gospodarczego SGH

Abstract

In the 4thquarter of 2019the IRG SGH banking confidence indicator (IRGBAN) decreased by 18.6pts to -6,3pts. It is now 3.0 pts up from the respective year 2018 figure. The result was mainly caused by adecrease in banks'profits. It is expected that the situation in the banking sector will improve in the 1stquarter of 2020, and the indicator will rise to -0.8 pts.It needs to note, however, that the survey had been conducted before the COVID-19 epidemic spreadaround Poland. It is supposed that its negative economic consequences will be much severe than expected in the time the survey was held.(original abstract)