Nearly PLN 1.5bn of funds outflowed from the Polish subsidiaries of EU lenders back to their mother companies over the last three quarters, Puls Biznesu daily reports, raising concerns over the future condition of the Poland’s financial market.
Deadline set by the European supervisors for banks to increase their ratio to at least 9 percent is the end of June. Most of the major players have already met the EU’s requirements, either by increasing capital, or reducing its assets. As a result, the financing for branches operating in CEE was reduced, or simply withdrawn.
The founding coming from the foreign lenders fell to 8.6 percent for Polish subsidiaries over the last three quarters, prompt the concerns of Poland’s Antimonopoly office.
