1. Market Research
  2. > Financial Services
  3. > Banking
  4. > Bank Lending Market Trends

Retail Banking Market Insights: Poland, Canadean Ltd

  • March 2016
  • 38 pages
  • GlobalData
Report ID: 3702002

Summary

Table of Contents

Search Inside

Summary
The banking sector in Poland is well capitalized and efficient. The market for financial services is dominated by large local banks holding sizable market shares, which remain broadly consistent across all product lines. Product ownership rates are high, particularly for current and savings accounts. Consumers mostly favor providers they have an existing relationship with and product application is still largely conducted via branches, meaning there is considerable scope for providers to encourage greater use of digital channels. Domestic and foreign banks have also made investments in low-cost distribution channels such as mobile banking.

Key Findings
- The current account sector's competitive dynamics are driven by five large banks. The top three providers claim more than half (54%) of main current accounts.

- Polish consumers tend to choose providers on the basis of branch location and reputational factors

- Switching rates are low in Poland compared to the global average of 17%. Pull factors prompt consumers to switch providers.

- Polish savers are cautious, with around 6 in 10 saving to protect themselves against unforeseen events and a third saving for retirement. A desire for an honest brand is among the top three consumer characteristics.

- The mortgage market in Poland will grow at a modest rate of 6.6% over the next few years. More than 8 in 10 mortgage holders in Poland have opted for a repayment product rather than an interest-only loan, suggesting that consumers prefer a safer and more straightforward approach to repaying their loan.

- Around a third of Polish consumers have a personal loan, and consumer lending in Poland is dependent on overall economic development. The personal loans market is dominated by PKO Bank Polski, mBank, and Credit Agricole with 53% of loans held with these three providers.

- More than a third of the population use smartphones in Poland, implying a large potential market for mobile-delivered financial services. The Polish regulatory authorities are focusing on strengthening the banking sector further.

Synopsis
Verdict Financial's Retail Banking Market Insights: Country Snapshot Poland is a review of the retail banking sector in Poland, with a particular focus on the current account, savings, mortgage, and personal loan markets. It includes both market-level data and insight from our global consumer survey.

- Overview of Poland's banking sector.

- Insight into Polish consumer preferences and their reasons for taking out particular financial products.

- Learn about the main providers dominating the current account, savings, mortgage, and loan markets and the different factors persuading customers to choose them.

- Discover the extent to which consumers are using online and mobile channels to research, take out, and use their financial products.

Reasons To Buy
- Future proof your strategy with market sizing, forecasts, and analysis of key developments currently affecting Poland's retail banking sector.

- Target consumers with inside knowledge of their true behaviors and attitudes, with detailed analysis from our proprietary insight.

- Learn about the impact new entrants and distribution channels will have on the market.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Ahmad helps you find the right report:

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

Loan Administration, Check Cashing & Other Services in the US - Industry Market Research Report

  • $ 1090
  • Industry report
  • May 2017
  • by Ibisworld

Borrow and rebuild: Rising home prices will lead to renewed demand for mortgages Loan Administration, Check Cashing & Other Services in the US Over the five years to 2017, the Loan Administration, Check ...

Loan Administration, Check Cashing & Other Services in Canada - Industry Market Research Report

  • $ 825
  • Industry report
  • April 2017
  • by Ibisworld

Paying off: Revenue and profit are growing as borrowers repay credit debts Abstract Loan Administration, Check Cashing & Other Services in Canada The industry is largely dependent on the state of the overall ...

The US SaaS Mortgage Software Market: Size, Trends & Forecasts (2017-2021)

  • $ 800
  • Industry report
  • April 2017
  • by Daedal Research

Scope of the Report The report titled “The US SaaS Mortgage Software Market: Size, Trends & Forecasts (2017-2021)”, provides an in-depth analysis of the US SaaS mortgage market opportunity by value. ...

Retail Lending In Germany

March 2017 $ 350

Retail Lending In Canada

March 2017 $ 350

ref:plp2016

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.