It has never been so bad. Polish bank presidents warn against imminent crisis
BUSINESS INSIDER - Banks must prepare for extremely difficult times. There is a growing level of uncertainty and unpredictability among bankers.
Executives say banks are completely unprepared for the worst-case scenario. These include long-term high interest rates, energy and food shortages.
During the previous financial crisis, our sector was one of the strongest in Europe, now it is one of the weakest, warns the President of Millennium and adds that the competitiveness of the Polish economy is much worse than ten years ago.
According to bankers, at present, the uncertainty of regulation scares investors away from the Polish banking sector. As a result, the industry has become incomprehensible and risky for them.
I wonder how they will get out? and what will they do? brochsya to the mercy of fate of their citizens?
Who do they blame for this?
Russia again?
whatever one may say, the old peoples are staradet!
Polexit the european union is what is needed it bleeds countries dry.
Forces them into situations good for the Union not for the country
I thought most the Polish where here in the UK now anyways 🤣
Banks are the worst no matter where you are in the world.
Have the best day
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Yes perishing, and suffer ordinary people!
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I guess they are preparing to implement CBDCs in Poland?!
such a scenario is also possible.
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Hopefully the banks are prepared for what is going on now. I am not sure anybody could have prepared for all the things going on right now but I do have my fingers crossed.
I think it's just the opposite! Europe is accustomed to living in comfort and is completely unprepared for such events!