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Polish Banking Sector: “Too Early for Recovery”

Politics ♦ Published: April 29, 2014; 13:26 ♦ (Vindobona)

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The Polish banking sector has to be patient for economic recovery to show on their results.

The Polish banking industry is required to be patient for profits to return. / Picture: © Vindobona.org

The positive effect of the economic recovery has not yet reached the results of the Polish finance industry. According to brokerage analysts Wood & Co., the first quarter (Q1) in 2014 will be “a slow start” for earnings. "It is too early for any recovery to influence the banking sector volumes and we expect this to be visible only in the followingquarters," the analysts…