Krajowy Fundusz Kapitalowy (KFK), the country's capital fund should help small- and medium-sized enterprises (SMEs) to obtain funds for investments. So far, SMEs have often been denied loans due to lack of creditworthiness.
The Nord/LB Polska bank, which serves small- and medium-sized companies (SMEs), made a profit of almost zl.5 million (Ђ1.125m) during the first half of this year, nearly four times more than it earned during the whole of 2003.
The world's second-largest credit insurer, Atradius Credit Insurance of the Netherlands, will soon begin selling insurance in Poland through a universal business license from the EU.
The Monetary Policy Council (RPP) has increased interest rates by 50 basis points, which means that the prime indication rate of the National Bank of Poland increased to 5.75 per cent.
The privatisation of the largest domestic bank in Poland, PKO BP, might be delayed, but despite this, the fight to win clients from new sectors such as small- and medium-sized enterprises (SMEs) continues.
Citibank Handlowy is looking to tap into the lucrative small- and medium-sized enterprise (SME) market with a new product targeted specifically at this fast-growing segment of the market.
The attention of Poland's banking sector has started to shift to small- and medium-sized firms (SMEs).
Bank Pekao SA has announced plans to increase its operations in servicing the small- and medium-sized enterprise (SME) sector, taking a lead from the largest domestic bank PKO BP.
The rising demand for loans from small- and medium-sized enterprises (SMEs) has intensified competition among the largest banks, which have prepared special offers for this segment of the market.
The European Bank for Reconstruction and Development (EBRD) economic report gives Poland high marks, but warns there is still much to do. It stressed that the country should focus more on attracting FDI and creating new jobs.
