Question

Present the general structure of bank loans in Poland and the top 5 banks at the end of 2019.

Answer 1

Loans in Poland can be obtained both by individuals and companies. There are many types of loans available for different credit periods. Requests for loans from Poland can be filed with the bank branch in Poland or by using the online form, where available.

Poland is a European country that has been able to survive financially and many investment companies are opening here because of the favorable investment climate and the benefits offered by investing in specialized areas. Companies that do not have the money needed to move money to stand or do other business needs can apply for loans in Poland.

Our law firm in Poland can help you open a corporate bank account or use it for yourself. We can also help you deal with other banking issues, including sending the required documents when applying for a loan and choosing the best loan type for our interests.

Requirements for obtaining a company loan in Poland

The basic requirements for obtaining a loan in Poland vary depending on the single or legal entity applying for it. Polish loans can be offered with or without guarantee, however, higher loan rates vary from one bank to another in the absence of guarantees.

Polish corporate credits are awarded based on surveys conducted by the agency. The company's bank statements will need to be provided. Polish banks may not offer loans if the company has a business record of less than one year. The loan can be obtained as a convertible loan (paid in cash), as a business credit card or otherwise. Our Polish law firm can handle your case if your company needs to apply for a loan and the bank needs special documentation on the financial condition of the company.

Personal loans in Poland

People who live and work in Poland have the option of applying for a mortgage or mortgage loan in Poland. Polish loans can be granted without guarantees or collateral, up to a certain amount. Applications can be made online or at the designated bank branch. Depending on the bank you choose to work in, the loan term will vary. One of the longest loan periods in Poland is 10 years.

Foreigners in Poland can apply for a loan from a country, provided they can get money from Poland.

Top 5 Banks at the end of 2019

• PKO BP

Founded in 1948, the Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna, commonly known as PKO Bank Polski or PKO BP, is the largest bank in Poland financially. It is the leading financial group in Central and Eastern Europe. This bank provides commercial, commercial and private services for individuals and businesses. With headquarters in central Warsaw, the state-owned PKO BP also maintains a presence in Ukraine

• Bank Pekao

The Bank Polska Kasa Opieki Spółka Akcyjna, commonly called Bank Pekao, was established in 1929 in Warsaw by the Treasury to provide financial services to Polish citizens living overseas. In fact, in 1939, they worked at branches in almost every major city in the southern part of the country where the Peaks lived. Italian bank UniCredit owned 59% of the bank but sold it in 2016. Bank Pekao is the second largest bank in Poland in terms of assets.

• BZ WBK

Bank Zachodni WBK (BZ WBK) was founded in 2001 when Bank Zachodni S.A. merges with Wielkopolski Bank Kredytowy SA. With 1,000 branches, it is also the third largest bank in Poland according to the branch network, employing 3.5 million customers. In 2013, BZ WBK merged with Credit Bank, making Bank Zachodni WBK the third largest bank in terms of market regulation.

• mBank

Formed in 1986 and formerly known as BRE Bank, mBank is the fourth largest banking group in Poland in terms of total assets and loans. It is also ranked fifth in terms of rates since 2016. The group offers a variety of banking and financial solutions including sales, corporate and investment, leasing, factor, insurance, wealth management, business finance and advisory services.

• ING Bank Śląski

Based in Katowice, ING Bank Śląski S.A. (ING BSK) was established in 1988 after it split with the Bank of Poland. Dutch ING Group became the majority shareholder in the bank in 1996 but in 2001, Bank Śląski merged with the branch of ING Bank N.V. in Warsaw, it changed its name to ING Bank Śląski.