Top Banks in Poland
Banks in Poland account for about 70% of financial sector assets and play a significant role in the country’s financial system. Poland is home to several state-owned banks, though most banks in the country are privately owned, taking around 80% of the market.
The Commission for Banking Supervision is responsible for supervising financial institutions and banks in Poland. It is an autonomous body under the Narodowy Bank Polski or the National Bank of Poland.
In April 2021, Moody’s Investors Service maintained a stable outlook for Poland’s banking system. The stable outlook reflects that in Moody’s view, risks to Poland’s credit profile are balanced. The ratings are supported by a favorable growth and fiscal outlook and Moody’s expectation that the actions taken by the EU will eventually contain the challenges to Poland’s institutional strength.
For anyone considering a career in banking in Poland, this list of top banks in Poland is a helpful guide on where to start. To learn more, see our list of financial institutions.
The Top Banks in Poland:
Founded in 1948, Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna, commonly called PKO Bank Polski or PKO BP, is the largest of the banks in Poland in terms of assets. It is also one of the leading financial groups in Central and Eastern Europe.
The bank provides retail, commercial, and private banking services to individuals and businesses. With headquarters in central Warsaw, state-controlled PKO BP also maintains a presence in Ukraine, following its acquisition of banking institution KredoBank.
Net income: PLN -2.56 billion (2020)
Total assets: PLN 384.25 billion (3/2021)
Bank Polska Kasa Opieki Spółka Akcyjna, commonly called Bank Pekao, was established in 1929 in Warsaw by the Ministry of Treasury to provide financial services to Polish citizens who live overseas. In fact, in 1939, it operated branches in almost every capital city of countries where Poles resided.
Italian bank UniCredit owned 59% of the Bank Pekao but sold it in 2016. Bank Pekao is the third-largest of the banks in Poland in terms of assets. It operates 713 outlets and 1,592 ATMs.
Net income: PLN 1.10 billion (2020)
Total assets: PLN 247.91 billion (3/2021)
Santander Bank Polska
Formerly known as Bank Zachodni WBK (BZ WBK), Santander Bank Polska changed its name in September 2018. It was formed in 2001 when Bank Zachodni S.A. merged with Wielkopolski Bank Kredytowy SA. It is the country’s fourth-largest bank in terms of assets.
With 665 outlets, it is also the third-largest of banks in Poland in terms of branch network, servicing 3.5 million customers.
Net income: PLN 1.04 billion (2020)
Total assets: PLN 238.24 billion (3/2021)
Formed in 1986 and formerly called BRE Bank, mBank is the sixth-largest universal banking group in Poland in terms of total assets and loans. The group provides a wide range of banking and financial solutions, including retail, corporate and investment banking, leasing, factoring, insurance, wealth management, corporate finance, and advisory services.
Net income: PLN 103.8 million (2017)
Total assets: PLN 194.22 billion (3/2021)
ING Bank Śląski
Based in Katowice, ING Bank Śląski S.A. (ING BSK) was formed in 1988 after it separated from the National Bank of Poland. Dutch ING Group became the bank’s majority shareholder in 1996, but in 2001, Bank Śląski merged with ING Bank N.V. branch in Warsaw, changing its name to ING Bank Śląski.
Net income: PLN 1.34 billion (2020)
Total assets: PLN 194.82 billion (3/2021)
BNP Paribas was founded in 2015 and is a member of the international BNP Paribas banking group. The universal bank provides a comprehensive range of savings and investment products, loans, and financial solutions to micro-businesses, SMEs, and corporations. It also offers services to companies in the food and agro-industries, focusing on providing funds for agriculture, food economy, and regional infrastructure.
Net income: PLN 733.1 million (2020)
Total assets: PLN 122.10 billion (3/2021)
Founded in 1989, Bank Millennium provides banking and financial services to over 1.6 million personal customers and 13,000 corporate customers. It oversees 702 branches and utilizes the latest technologies for online, phone, and mobile banking. In 1989, Bank Millennium was established as Bank Inicjatyw Gospodarczych BIG SA. In 1997, it merged with Bank Gdański SA and launched the Millennium retail service network in the following year.
Net income: PLN 22.82 million (2020)
Total assets: PLN 104.04 billion (3/2021)
Getin Noble Bank
Getin Noble Bank is the twelfth-largest of the banks in Poland in terms of assets and 13th in terms of the number of branches. The Polish banking and financial services company offers retail and commercial financing, investment banking, asset management, and private banking services. It was established in 2010 in Warsaw when Getin Bank SA merged with Noble Bank SA.
Net income: PLN 559.4 million (2020)
Total assets: PLN 49.09 billion (3/2021)
In 2008, Italian group Carlo Tassara formed Alior Bank, the tenth-largest financial group in Poland. In 2012, it was listed on the Warsaw Stock Exchange and was valued at PLN 2.1 billion, the highest offering in the history of the country’s exchange.
With headquarters in Warsaw, Alior Bank provides banking and financial services and is engaged in mergers and acquisitions. It acquired Meritum Bank in 2015 and Bank BPH in 2016.
Net income: PLN -311.23 million (2020)
Total assets: PLN 79.88 billion (3/2021)
Polish bank Citi Handlowy or Bank Handlowy (BHW) was founded in 1870, making it one of Poland’s oldest banks and in Europe. It is the tenth-largest bank in the country and ranks 18th in terms of the number of branches. Headquartered in the Jabłonowski Palace, Citi Handlowy is owned by Citigroup, hence the name. It was created in 2001 after the merger between Bank Handlowy and Citibank (Poland) SA.
Net income: PLN 172.4 million (2020)
Total assets: PLN 58.82 billion (3/2021)
Careers in Investment Banking
To break into investment banking, there are several important things to focus on. These include networking, resume, experience, and financial modeling skills. To learn more, explore our interactive career map: For banking careers, you will have a significant edge over the competition with our financial modeling courses.
This has been CFI’s guide to the top banks in Poland. For anyone looking for a career in banking, this list is a great place to start your networking. Please also see these additional resources: