Article Tools

Poland Intends to Keep Banking Sector Small

Published: October 23, 2013; 19:03 · (Vindobona)

The Polish financial regulator intends to keep the frequency of bank shops low and avoid risks and bailout by this.

Poland Intends to Keep Banking Sector Small / Picture: ©

In an interview with Reuters, Wojciech Kwasnia, deputy head of financial regulator KNF announced that Poland intends to keep the banking sector smaller than Western Europe to avoid risks jeopardizing its strength and the state budget.

"We will not copy the mistakes made by others," Kwasniak said on being questioned why the frequency of banks was significantly higher in Western…

This article includes a total of 249 words.

or Log In