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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.
