Survey results - the 4th quarter of 2019
In the 4th quarter of 2019 the IRG SGH banking confidence indicator (IRGBAN) decreased by 18.6 pts to -6,3 pts. It is now 3.0 pts up from the respective year 2018 figure. The result was mainly caused by a decrease in banks’ profits. It is expected that the situation in the banking sector will improve in the 1st quarter of 2020, and the indicator will rise to -0.8 pts. It needs to note, however, that the survey had been conducted before the COVID-19 epidemic spread around Poland. It is supposed that its negative economic consequences will be much severe than expected in the time the survey was held.
Researchers:dr Stanisław Kluza, Oskar Krzesicki firstname.lastname@example.org