Poland's banks seen posting PLN 1 billion loss on accounting changes

Changes in accounting for banks’ contributions to the deposit guarantee fund will add an estimated PLN 2-2.5 billion (EUR 472-591 million) to the industry’s costs in January.

Banks profits are expected to come under pressure in 2015, Fitch ratings agency said in a report. Nevertheless, bank returns will remain strong relative to those in other countries.

The agency sees the prospects for the industry as a whole as stable thanks to adequate capital ratios, solid liquidity, relative independence of foreign sources of financing and reduced exposure to mortgages denominated in foreign currencies. (an)