Poland’s banking regulator has no intention of opposing further consolidation of the country’s commercial banks, Marek Chrzanowski, the head of the Polish Financial Supervision Authority (KNF) stated calling it a “natural process”.
Marek Chrzanowski also said that the KNF will allow more banks to pay out dividends for 2017 compared to 2016, adding that the largest banks would likely get a green light to do so based on their performance in the first three quarters of this year. “Consolidation is a natural process in the commercial banks sector,” Chrzanowski told Reuters in an interview. “If stronger entities take over weaker ones … then these are changes going in the right direction.”
