Www En

Legislative overview of the banking sector | Banking: today and tomorrow | November 2022

9 November 2022 | Banking today and tomorrow, Knowledge, News

New Recommendation A

On 19 October 2022, the Polish Financial Supervision Authority (KNF) adopted Recommendation A on derivative activity risk management by banks, which have replaced the previous 2010 recommendation.

Recommendation A provides a set of good practices concerning the duties and responsibilities of management and supervisory boards, the identification and assessment of risks, monitoring, internal control systems, and the control and reporting of risks in the area covered by the Recommendation.

Source: Polish Financial Supervision Authority

Anti-Usury Act has been signed by the President

According to its authors, the Act is intended to curb lending abuse by loan companies. Among other things, the amendments make the granting of consumer loans conditional on a positive assessment of creditworthiness, and introduce consequences for granting such loans in the event of a negative assessment.

Source: Money.pl

Statement of the KNF Office on real estate developers’ demands regarding creditworthiness assessment

According to the statement published by the KNF Office on Tuesday, developers’ demands for a loosening of the prudential policy are groundless; if such demands are motivated by a genuine concern for the availability of housing for young Poles, they can adjust their own margin policy.

Source: Bankier.pl

Creditworthiness has hit the bottom – month-to-month deterioration in every bank

Although interest rates did not change in October, creditworthiness continues to shrink regardless. Bankier.pl’s analysis reveals that the amount of financing available to families with an income of PLN 13,000 per month was lower by PLN 16,000 on average than in September.

Source: Bankier.pl

Banks suffering record-breaking losses – why is it so and how long will it last?

Polish banks have not recorded losses as large as in Q3 for years, with credit holiday provisions, settlement agreements and disputes with CHF credit holders being the main reasons. The situation is expected to improve in the quarters to come, although the sector fears that politicians in an election year will again want to continue putting the squeeze on the banking sector.

Source: Polityka

Over one million customers on credit holidays

Not all eligible borrowers have benefited from credit holidays so far. This is good news for the banks, but the situation may change as credit costs increase.

BIK’s analyses show that the statutory suspension of mortgage repayments has been requested mostly by young people, aged 25-34 (65.9 percent of all eligible persons of that age), most often from the Mazowieckie Province (57.5 percent of eligible persons in that region) and the Dolnośląskie Province (55.2 percent), and from cities of over 500,000 inhabitants (62.4 percent).

Source: Rzeczpospolita

Banks losing their growth potential

Due to the slowing economy, rising interest rates and increasing loan repayment risk, Moody’s has downgraded the outlook for the Polish sector.

“We have changed our outlook for the Polish banking sector from stable to negative. Near-zero economic growth in 2023, a significant increase in borrowing costs and high inflation will limit Polish banks’ growth potential,” stated Moody’s Investors Service in the Wednesday release.

Source: Parkiet

Withdrawal of orders granting injunction or security against Getin Noble Bank

The decision of the Bank Guarantee Fund to initiate compulsory restructuring against Getin Noble Bank will result in the withdrawal of orders granting injunction or security consisting in the suspension of credit installment payments.

Source: Rzeczpospolita

Any questions? Find out how we assist banks and financial institutions.

See also

Banking sector legislative overview | Banking today and tomorrow | October 2022

Latest Knowledge

Dual-use items: how broad will the CJEU’s definition be?

A training aircraft designed for civilian purposes can also qualify as a military item. That’s a conclusion emerging from the Advocate General’s Opinion in Case C-538/25 (Flugzeugherstellerin) before the Court of Justice of the European Union. What does this mean for companies exporting goods from the EU?

Workplace harassment and discrimination: new regulations for employers

The Sejm has passed an amendment to the Labour Code concerning workplace harassment and discrimination. The changes introduce a broader definition of the concept itself, new forms of harassment, clearer definitions of what constitutes, for example, sexual harassment, and new rules governing the handling of such cases, including the reversal of the burden of proof, higher compensation awards, and the jurisdiction of district courts. The provisions will enter into force on 5 November 2026. We examine what will change and how much time remains to adapt company documents, policies, and the organisation as a whole.

ESG Roadmap. How to identify which regulations apply to your business and build a strategy

As we know, ESG in business is a roadmap made up of numerous obligations arising from different regulatory frameworks. That is why the right question is not “how do I meet all the requirements?” but rather “which of them apply to my business?”. This is a crucial distinction. We explain how to correctly diagnose your regulatory profile and build an effective ESG strategy – one that actually works and gives you a competitive edge.

Announcement of Income Tax Reform

On 19 August, during a press conference, the Prime Minister announced a package of tax changes planned for next year. According to the announcement, the reform is intended, on the one hand, to ease the burden on the middle class and, on the other, to shift a greater fiscal burden onto the wealthiest individuals and the largest companies. We take a look at the proposals included in the announced package and explain what they might mean for taxpayers.

Family foundations and the tax authorities: what draft bill UD447 proposes and why this is not the end of the troubles

Family foundations were intended to provide entrepreneurs with a stable framework for intergenerational wealth management. Yet not even four years have passed since the first such foundations were established, and the rules governing their taxation are set to be changed once again. This is because the scale of interest and the practical problems uncovered have overwhelmed the drafters of the legislation, as best illustrated by the figures – 927 applications for individual tax rulings and 77 opinions issued from the Head of the National Revenue Administration. This does not, however, mean that family foundations are being used on a massive scale for aggressive tax optimisation. A significant proportion of the queries concerned simply how to correctly apply the complex regulations.

Banking today and tomorrow | Financial sector overview | August 2026

Poland’s banking sector has reacted with concern to recent remarks by Katarzyna Pełczyńska-Nałęcz, the Minister of Development Funds and Regional Policy, who announced plans to put forward a proposal for a further increase in CIT levied on banks. The Minister’s reasoning, however, rests on a flawed conflation of the sector’s liquidity with its profitability, revealing a fundamental misunderstanding of how the banking sector operates and how its financial health is assessed. What is more, it feeds into a worrying trend of replacing substantive debate with simplistic, populist messaging which may be politically appealing but is not underpinned by either facts or economic analysis.

NIS2 and the National Cybersecurity System Act in transport: what you need to do before October 2026

The amended Act on the National Cybersecurity System (UKSC) has been in force since 3 April 2026. For transport sector undertakings, this means a specific compliance timeline, including an obligation to register with the National Cybersecurity System (KSC) registry by 3 October 2026. Failure to do so may result in substantial financial penalties, coupled with the risk of personal liability for senior management. Not every undertaking, however, automatically falls within the scope of the new regime. Read on to find out whether your organisation is affected and what you need to do before the deadline for preparation.

Family foundations: the government has done the maths and presented the bill

Three years. That’s how long we’ve been waiting for what the Council of Ministers had seen in the data from the outset – and has now disclosed in its review of the Family Foundation Act. The document not only diagnoses the problems, but also previews substantial changes to rules that founders and their advisers treated as settled and stable. And therein lies a problem that goes far beyond tax matters. If the rules of the game are changed while the game is being played, there can be neither planning stability nor trust in the law. It is no coincidence that one of the greatest concerns among entrepreneurs considering setting up a foundation is not the level of taxation, but the stability of the legal framework – which today is once again being called into question.