Cooperative banks in Poland need deregulation, current regulations limit their development

The NBP report on the stability of the financial system indicates that in March this year the profits of cooperative banks were many times higher than the average before 2022, as a result of which their share in the total result of the banking sector increased significantly and the profitability of their assets exceeded historical records. There are approximately 500 such institutions in Poland. As the Minister of Agriculture, Dr. Czesław Siekierski, recently pointed out at a meeting with the Polish Bank Association, banking cooperatives are also an important ally in eliminating the effects of natural disasters and, in cooperation with ARIMR, they help farmers reactivate their activities. – The role of cooperative banks, also historically, is very closely related to the financing of agriculture and the agro sector. Cooperative banks contribute over 60% to the financing of Polish agriculture, says Krzysztof Karwowski in an interview with the Newseria Biznes agency. Cooperative ...