Polish banking sector among strongest in the world
The Polish banking sector belongs to one of the strongest in the world. It has high liquidity and capital at a level that most European countries can envy us, President of the Polish Development Fund (PFR) Pawel Borys wrote on Monday.
Borys pointed out on PFR's web-site that the coronavirus pandemic has a number of negative consequences, citizens are concerned about their health, but also for their jobs and income. "In these circumstances spreading imaginary or manipulated information to intimidate society and cause destabilisation is something particularly dangerous and harmful," stressed the official.
He referred to concrete false information appearing every few days that "our savings in banks are not safe or that the government will reach out for them," Borys wrote. He added that "three weeks ago, one article was enough to close several branches of one of the banks and cause queues in front of ATMs for three days in effect of a discussion in the Internet on whether someone would not reach out for our deposits."
"Of course, all this information was false and after a few days customers returned with their money back to the banks, but causing such economic and social panic is extremely irresponsible," Borys stressed.
The PFR president emphasised that the Polish banking sector "is among the strongest in the world." "It has high liquidity and capital at a level that most European countries can envy us. Our savings are safe and guaranteed by the State," he assured.
