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Polish banking sector stable, deposits safe: auditors

PR dla Zagranicy
Grzegorz Siwicki 11.12.2018 13:00
The Polish banking sector is stable and citizens’ savings are safe, the country’s Central Auditing Office (NIK) has said in a report.
Foto: Narodowy Bank Polski

The office’s head, Krzysztof Kwiatkowski, was quoted as saying on Tuesday that clients’ deposits covered by guarantees were safe under the state Bank Guarantee Fund (BFG).

He was speaking after auditors examined the banking sector's stability from November 2015 to November 2017, public broadcaster Polish Radio’s IAR news agency reported.

Central bank chief Adam Glapiński said last month that Poland’s banking system was "considered to be the safest in Europe" and that Polish banks were “in the best condition in Europe.”

Under European Union rules, all retail bank deposits in Poland are guaranteed up to the equivalent of EUR 100,000.


Source: IAR

tags: banking
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