Financial Problems of Polish Credit Union Sector

• Autorzy: Jacek Binda
• Języki publikacji: EN

Abstrakty

EN

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.(original abstract)

Słowa kluczowe

EN

Finance; Credit; Bank credit; Credit unions

PL

Finanse; Kredyt; Kredyt bankowy; Kasy spółdzielcze

• Czasopismo: Scientific Journal of Bielsko-Biala School of Finance and Law
• Rocznik: 2016
• Numer: nr 4
• Strony: 5--18

Twórcy

autor

Jacek Binda

• Wyższa Szkoła Bankowości i Finansów w Bielsku-Białej

Bibliografia

• Journal of Laws 2003, No 188, item 1848 as amended.
• Journal of Laws 2002, No 72, item 665 as amended.
• Journal of Laws 2012, item 855, 1166 of 2013 items 613, 1036, 1289 - Act on Cooprative Banking and Credit Unions, 2009.
• Informacja o sytuacji spółdzielczych kas oszczędnościowokredytowych w I półroczu 2014 roku, Department of Cooperative Banking and SKOK Credit Union, the Office of the Financial Supervision Authority, Warszawa, 2014.
• Informacja w sprawie powiązań kapitałowych i personalnych w sektorze spółdzielczych kas oszczędnościowo-kredytowych, the Polish Financial Supervision Authority, Warszawa 2014.
• Rozwój systemu finansowego w Polsce w 2012, Departament of Financial System at the National Bank of Poland, Warszawa, 2014.
• Statistical Report, World Council of Credit Unions, Inc., 2014.
• Polish credit unions mark a decade of growth, Staff Writer, http://www.cutimes.com/2002/06/26/polish-credit-unions-mark-adecade- of-growth.
• Spółdzielcze kasy działają dla dobra społeczeństwa, Super Express, http://www.skok.pl/o-skok/media-o-nas/spoldzielcze-kasy-dzialajadla- dobra-spoleczenstwa.
• "Zły bank" lekarstwem na SKOK?, Polskie Radio, http://www.polskieradio.pl/42/273/Artykul/1062790,Zly-banklekarstwem- na-SKOK.
• http://www.britannica.com/EBchecked/topic/142339/credit-union.
• http://www.SKOK.pl/o-SKOK/SKOK-w-liczbach.

Identyfikatory

DOI

10.19192/wsfip.sj4.2016.1