Press Releases from Intelace Research (14 total)
Asset Under Management in Poland top € 139 billion in 1H 2013.
Surging assets of investment funds drive the expansion of the whole asset management industry in Poland. Total assets under management across three key segments: investment funds, insurance investments and pension funds topped PLN 602 billion (EUR139 billion) as of 1H 2013, after adding 25% in just 18 months from Dec. 2011, says Marcin Mazurek, director of Inteliace Research, during a presentation of Inteliace’s latest report, “Asset Management and Investment Funds…
Mortgage lending in Poland to resume growth - but not until 2014
“The value of outstanding mortgage lending in Poland inched up a mere 1% in 2012, reaching a total 316 billion PLN at year end. Also, 2013 is not likely to bring a significant improvement as positive factors - including a new governmental support program for first-time homebuyers, a more-relaxed regulatory environment, lower nominal interest rates, and higher affordability of real estate due to lower prices—are not expected to take full…
Troubled foreign banks to destroy value in fire sale of Polish banking assets
“Troubled foreign banks will destroy value in fire sale of Polish banking assets. This, however, will create a unique opportunity for local investors to boost their share in the banking sector dominated by foreigners.” said Marcin Mazurek, director of Intelace Research, during a presentation of Intelace’s latest report, Banking Market in Poland 2011–2013.
Foreign investors controlled 66.3% of banking assets in Poland as of 1H 2011. This ratio hit a record…
Troubled Western European banks cash in on their CEE holdings to fill the gap
“Although banking sectors in Central and Eastern Europe (CEE) are doing a good job of withstanding the global financial crisis, a number of troubled Western European banks will need to abandon the region to raise cash in 2011/2012,” says Marcin Mazurek, director of Intelace Research, during a presentation of Intelace’s latest report, TOP 200 banks in CEE.
Despite the persisting financial crisis, the banking sector in Central and Eastern Europe…
The asset management sector in Poland to grow 25% by 2013
“The asset management sector in Poland, worth 447 billion PLN (US$151 billion) as of 2010, will grow by more than 25% until 2013. Even despite the recently passed unfortunate pension reform, which resulted in a 70% reduction in contributions received by II pillar pension managers and sluggish inflows into investment funds, the future outlook for the whole asset management sector is still positive. The asset management sector is defined as…
The insurance sector in Poland is expected to experience solid premium growth th …
“The insurance sector in Poland is expected to experience solid premium growth through 2013, in particular in the non-life segment, where increasing policy prices and higher sale volumes will boost premium income. The ongoing pension and health reforms will create new opportunities for both life and non-life insurers especially in the area of long-term pension and saving products and health insurance,” explains Marcin Mazurek, Director of Intelace Research, a consulting…
Slower growth but higher profitability – a mixed outlook for the banking secto …
“The growing nominal interest-rate environment will help banks to temporarily increase margins and to boost revenues in 2011, but the stagnating real income of the population due to elevated unemployment rates and the growing cost of living will prevent a significant growth in deposits and loans…Higher interest rates are also likely to negatively affect existing mortgage loans portfolios of banks in a one- to two-year perspective,” explains Marcin Mazurek, Director…
Mortgage lending in Poland will recover, but slowly
"After experiencing a significant drop in sales in 2009 and a bounce in 2010, mortgage lenders operating in Poland are likely to see continued but sluggish recovery in new sales through 2011–2013. The growth in new mortgage lending will be supported by the persistent deficit of residential real estate and stable real income of the population. On the other hand, a more restrictive regulatory environment, expiration of government subsidies and…
Further consolidation of the Polish banking sector on horizon
BANKING MARKET
The year 2009 was challenging not only for banks in Poland but also for the entire financial services industry in the country. Unprecedented currency volatility, a growing number of nonperforming assets and slower growth rates of client volumes (loans and deposits) were key problems that banks had to face during the past year. Nevertheless, despite the global crisis, the overall performance of the sector was surprisingly strong. Banks operating…
PKO Bank Polski leads the TOP200 CEE banks league table
Wobbly financial markets did not prevent the banking sector in Central and Eastern Europe from achieving strong performance in 2008. Despite the crisis, banking assets in CEE15* countries increased by 12% to a total amount of EUR 922 billion at the end of 2008. Poland, with banking assets reaching almost EUR 250 billion (27% share in CEE15 markets), remained the leading player in the region. Next places were taken by…
Banking assets on CEE15 markets to exceed EUR 1000 billion in 2009
Central and Eastern European banking markets (CEE15*) maintained very strong performance in 2007. The combined value of banking assets of CEE15 markets increased in 2007 by nearly 25% to 810 billion EUR. Poland remained the major market in the region with assets exceeding 221 billion EUR, corresponding to ~27% regional share, followed by Czech Republic (140 bn EUR) and Hungary (95 bn EUR). The highest assets value growth has…
Competition to increase, profitability to fall – Stormy days ahead for insurer …
Stormy days ahead for insurers in Poland.
"After the steep growth of premiums and profits during 2003-2007 the Polish insurance sector will grow slower in: 2008-2010, while profitability of insurers is likely to fall" said Marcin Mazurek, the CEO of Intelace Research, a consulting company specialized in CEE financial markets research.
INSURANCE MARKET
Polish insurance market has been flourishing during 2003-2007, capitalizing mostly on rapidly increasing life premiums. During 2007 the…
Polish banking market to grow, profitability to fall in 2008-2010
\"After the record 2007 year the Polish banking market will keep growing in 2008-2010. Banking Assets in Poland are expected to increase on average by ~13% per annum in nominal terms, while the profitability of commercial banks is likely to fall due to quickly growing personnel and infrastructure costs\" said Marcin Mazurek, the CEO of Intelace Research, a consulting company specialized in CEE financial markets research.
BANKING MARKET
Polish banking market was…
Baltic banking markets growth to decelerate in 2008-2009
"After the record 2007 year the growth of Baltic banking markets will decelerate in 2008-2009. Banking Assets in Estonia and Latvia are expected to grow by ~20% per annum in nominal terms, while the banking market in Lithuania is likely to sustain quicker development with ~30% assets increase per annum" said Marcin Mazurek, the CEO of Intelace Research, a consulting company specialized in CEE financial markets research.
BANKING MARKETS
Baltic banking markets…
