Polish financial system ‘stable,’ systemic risk ‘moderate’: central bank

The Polish financial system remains stable and resilient while systemic risk is moderate, the country’s central bank has said in a new report.

“The Polish banking system remains resilient to shocks due to accumulated capital and low leverage,” the National Bank of Poland (NBP) said in its periodic Financial Stability Report released on Tuesday.

It added: “The persistence of uncertainty in Poland’s external economic environment points to an increased probability of negative external shocks which may slow the country’s economic growth.”

The Polish economy grew 3.9 percent in the third quarter of this year, the country’s Central Statistical Office (GUS) said at the end of last month in a final estimate. The country’s central bank chief, Adam Glapiński, said in early October that the Polish economy was in "excellent" shape and on track to grow 4.3 percent in 2019.

Glapiński said in mid-October that the Polish economy was set to lose some of its momentum amid a global slowdown, but the country’s GDP growth would remain solid.


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