PKO Bank Polski, Poland’s largest bank by assets, is set to begin its operations in Romania from early next year. The Polish banking giant’s entry into the Romanian market is driven by the record profitability rates of banks in Romania, according to ActMedia.eu.
In Romania, PKO will exclusively work with corporate clients (SMEs and large companies). The bank will also facilitate financial operations for Polish companies and other international clients looking to start or already operating in the country.
PKO Bank Polski has confirmed to wall-street.ro that it will kick off operational activities at its Romanian branch in early 2024.
The bank’s attraction to the Romanian market is fueled by the fact that financial institutions in Romania have the highest return on equity (ROE) within the European Union. Compared to Polish banks, Romanian players exhibit double the ROE.
“The Romanian banking sector is predominantly owned by European foreign capital banking groups, with almost 70% of the market. The profitability in the Romanian banking market is also high, as demonstrated by the ROE. Romania has consistently ranked among the top countries in the European Union in this regard,” stated representatives from PKO Bank Polski.
Polish companies have a significant presence in Romania, with over 1,200 firms operating in the market. Representatives from PKO Bank Polski have expressed their desire to act as a bridge between the Romanian market and Polish companies seeking to enter Romania.
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