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Polish Banking Sector Safe Says Supervision Authority

Following results from tests by the European Banking Authority, the Polish Financial Supervision Authority have said the Polish banking sector is stable. 

The European Banking Authority tested 105 banks from 21 countries, including 12 from Poland.

The tests were carried out to promote market and supervisory discipline and to improve transparency on bank exposure with the EU.

The 12 banks tested in Poland represent 81% of Polish banking sector assets.

The Polish Financial Supervision Authority were at pains to note in September that Polish banks have a tier 1 equity ratio of 14.23%. The number is above the European average of 12.8%.

Poland’s newly elected Law & Justice party proposed a banking tax that is likely to be introduced in the new year.

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