The banking sector in Poland in the last few years has been very stable. The 51 existing commercial banks are fully or partially privatized. Among those banks are such key players as PKO bank, GE Money Bank, Millenium Bank, Citi Bank Handlowy and ING Bank Slaski
Szczegóły na www.archibald.pl
Experts point out that the Polish banking sector has a huge growth potential although it is already quite competitive when compared with other European markets. For example, the private banking market in Poland is still underdeveloped, but is experiencing fast growth following our EU accession.
The most important phenomena in the banking sector in the last years has been a dynamic development of credit and loan activities, mainly mortgage loans, and considerable progress in online banking, offered now by numerous banks. Moreover, over recent years Polish citizens have started to invest their savings via investment funds and other financial institutions. Many people would like to improve their standard of living and are no longer afraid to owe money.
Needless to say, the growth potential of retail banking remains high, that is why the Polish banking sector remains attractive to foreign investors who are trying to get a strong foothold in the market. The stability might therefore be shaken by a few foreign banks, one of which is HSBC.
HSBC is a world leading bank with offices in over 82 countries. By entering the market it will provide not only banking services to corporate and individual clients but also job opportunities. This may be a chance for many young people who want to further their career or gain experience.
Retail banking – is typical mass-market banking where individual customers use local branches of large commercial banks
Retail therapy – when you buy special things for yourself in order to feel better when you are unhappy (poprawianie sobie samopoczucia poprzez robienie zakupów)
Retail price – the price for which items are offered in stores (cena detaliczna)
1. I have been feeling a bit depressed lately so I decided to treat myself to some retail therapy.
2. What is the retail price of the car?
3. Retail banking is becoming more popular along with banking online.
underdeveloped – without modern services (słabo rozwinięty)
accession – entry, be given the position of power (wstąpienie)
credit – a method of paying for goods or services at a later time, usually paying interest as well as the original money (pożyczka)
mortgage loans – an agreement which allows you to borrow money from a bank or similar organization, using a house, apartment or land as collateral (kredyt hipoteczny)
to get a strong foothold – a strong first position from which further advances can be made (znajdować mocne oparcie)further their career
– to advance your career (rozwijac się zawodowo)
Complete the gaps with words from the text
1. In the last few years they didn’t manage to get …………………….. in the Polish automobile market.
2. I decided to buy a new kitchen so I went to the bank to get a …………… .
3. My new job will help me …………….. in the banking sector.
4. Do you remember the year of Poland’s ……………… to the EU?
odpowiedzi na www.archibald.pl
Malwina Staszak, metodyk Archibalda