OWNERSHIP TRANSFORMATIONS AND CONCENTRATION OF BANK SECTOR AS A THREAT OR A CHANCE OF POLISH BANKING DEVELOPMENT

Abstract

Polish Bank sector is not concentrated sufficiently and is relatively chaotic tin comparison to the other European countries. Imprecise legal regulations cause that the whole market is subjected to the strong pressure from part of financial institutions which have their origins outside the country. Currently Polish banking is placed in the hands of foreign capitals up to considerable measure, but they the native authorities already lack control over one of the key pillars of economy. Here a good example is the Agreement which was signed between Polish government and Unicredito Italiano. This agreement is definitely more advantageous for Italian institution. On the other hand banks operating in Poland have small competitive power; this financial sector is relatively easy and receptive target for attacks. Proceeding is a chance for banking rather than a threat for Polish economy and individual clients. The Mechanisms of free market act considerably better in case of competition among enterprises of similar value and the scale of their activity, than it is currently reminiscent of the biblical battle between David and Goliath. The study performs the analysis of the structure of Polish bank sector before and after the merger of one of the biggest bank on Polish market. It has also been carried out the analysis of ownership situation among bank subjects operating in Poland. One of the purposes of this study is systematize the knowledge on the subject of not very clear benefits from the concentration of bank sector and threats resulting.