FINANCIAL PROBLEMS OF POLISH CREDIT UNION SECTOR
For several years now, there has been more and more information on the difficulties of the co-operative credit union sector in Poland. The Financial Supervision Authority in its reports has pointed to poor financial performance of the sector, intricate capital and personal links between the companie...
| Main Author: | |
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| Format: | Article |
| Language: | English |
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University of Applied Sciences in Bielsko-Biała
2016-10-01
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| Series: | Zeszyty Naukowe Wyższej Szkoły Finansów i Prawa w Bielsku-Białej |
| Subjects: | |
| Online Access: | http://asej.eu/gicid/01.3001.0012.3018 |
| _version_ | 1797288435366494208 |
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| author | Jacek Binda |
| author_facet | Jacek Binda |
| author_sort | Jacek Binda |
| collection | DOAJ |
| description | For several years now, there has been more and more information on the difficulties of
the co-operative credit union sector in Poland. The Financial Supervision Authority in
its reports has pointed to poor financial performance of the sector, intricate capital and
personal links between the companies operating within the SKOK Holding S.a.r.l. and,
finally, a growing number of credit unions being subject to recovery proceedings1. This
paper attempts to present the credit union sector in Poland and its current financial
situation. The conclusions of the paper confirm that the condition of the credit union
sector is weak and that corrective actions such as recapitalization of the sector, its
acquisition by the banking sector or other financial institutions as well as the creation
of the so-called “bad bank” are absolutely necessary. |
| first_indexed | 2024-03-07T18:49:26Z |
| format | Article |
| id | doaj.art-6a39a0b092b342fb9246fbe73fe0d2ef |
| institution | Directory Open Access Journal |
| issn | 2543-9103 2543-411X |
| language | English |
| last_indexed | 2024-03-07T18:49:26Z |
| publishDate | 2016-10-01 |
| publisher | University of Applied Sciences in Bielsko-Biała |
| record_format | Article |
| series | Zeszyty Naukowe Wyższej Szkoły Finansów i Prawa w Bielsku-Białej |
| spelling | doaj.art-6a39a0b092b342fb9246fbe73fe0d2ef2024-03-02T01:56:05ZengUniversity of Applied Sciences in Bielsko-BiałaZeszyty Naukowe Wyższej Szkoły Finansów i Prawa w Bielsku-Białej2543-91032543-411X2016-10-0120451810.19192/wsfip.sj4.2016.101.3001.0012.3018FINANCIAL PROBLEMS OF POLISH CREDIT UNION SECTORJacek BindaFor several years now, there has been more and more information on the difficulties of the co-operative credit union sector in Poland. The Financial Supervision Authority in its reports has pointed to poor financial performance of the sector, intricate capital and personal links between the companies operating within the SKOK Holding S.a.r.l. and, finally, a growing number of credit unions being subject to recovery proceedings1. This paper attempts to present the credit union sector in Poland and its current financial situation. The conclusions of the paper confirm that the condition of the credit union sector is weak and that corrective actions such as recapitalization of the sector, its acquisition by the banking sector or other financial institutions as well as the creation of the so-called “bad bank” are absolutely necessary.http://asej.eu/gicid/01.3001.0012.3018cooperative credit unionsfinancial supervisionBank Guarantee Fund |
| spellingShingle | Jacek Binda FINANCIAL PROBLEMS OF POLISH CREDIT UNION SECTOR Zeszyty Naukowe Wyższej Szkoły Finansów i Prawa w Bielsku-Białej cooperative credit unions financial supervision Bank Guarantee Fund |
| title | FINANCIAL PROBLEMS
OF POLISH CREDIT UNION SECTOR |
| title_full | FINANCIAL PROBLEMS
OF POLISH CREDIT UNION SECTOR |
| title_fullStr | FINANCIAL PROBLEMS
OF POLISH CREDIT UNION SECTOR |
| title_full_unstemmed | FINANCIAL PROBLEMS
OF POLISH CREDIT UNION SECTOR |
| title_short | FINANCIAL PROBLEMS
OF POLISH CREDIT UNION SECTOR |
| title_sort | financial problems of polish credit union sector |
| topic | cooperative credit unions financial supervision Bank Guarantee Fund |
| url | http://asej.eu/gicid/01.3001.0012.3018 |
| work_keys_str_mv | AT jacekbinda financialproblemsofpolishcreditunionsector |