The return on assets (ROA) of the Polish banking system will probably increase by 1.2% in 2014, which will mean that the growth is similar to that noted in 2013, according to a presentation on CEE banking forecasts by UniCredit . The bank expects the entire CEE region to post ROA growth of 1.5% this year, while the region excluding Turkey and Russia will probably see ROA growth of 0.7%. UniCredit notes that despite several challenges, the CEE banking sector remains profitable and shows much higher profitability than major Western European countries. According to the International Monetary Fund's forecasts, quoted by UniCredit , in Italy , the indicator will remain flat in 2014, while in Germany , it will probably inch up by 0.3%. In 2013-2015, Poland's loans are expected to grow at CAGR of 5.7%, while deposits should increase by 7.2% in this period, UniCredit also deems. Both market segments will be driven by retail customers, it added. The bank stresses that asset quality is still one of the major downside risk factors to its scenario, with gradual improvement expected in 2014. In the case of Poland , the share of impaired loans should ease to 7.3% in 2014 from 7.7% expected in 2013.
Most Popular Stories
- Obama Administration Releases Proposal to Regulate For-Profit Colleges
- Apple, HP, Intel May Take a Hit from Slowdown in Smartphone Sales Growth
- Elizabeth Vargas' Husband Marc Cohn Addresses Rumors
- FDIC Files Lawsuit on Behalf of Banks Allegedly Hurt by Libor Scandal
- Keurig Adds Peet's coffee, Alters Starbucks deal
- Motley Crue's Nikki Sixx Marries Model Courtney Bingham
- U.S. to Relinquish Gov't Control Over Internet
- Chinese e-Commerce Giant Alibaba Gears for IPO in U.S.
- Some California Cities Seeking Water Independence
- Will Missing Malaysian Jet Prompt Aviation System Change?