BYDGOSZCZ, 13 March 2016 - Bank BPH, owned by the GE Capital group is set to receive an offer by Polish Alior Bank which is partly state owned. The move would increase the power the ruling conservative Law and Justice party (PiS) has over the financial sector. New levies have already made banks in the country announce job cuts and price hikes for products. Analysts are predicting the fall of Polish banks this year as well a major job cuts due to falling profits and extra costs following tax reform by the conservative government in power since October of 2015. The banking sector in Poland emplo
BYDGOSZCZ, 13 March 2016 - Bank BPH, owned by the GE Capital group is set to receive an offer by Polish Alior Bank which is partly state owned. The move would increase the power the ruling conservative Law and Justice party (PiS) has over the financial sector. New levies have already made banks in the country announce job cuts and price hikes for products. Analysts are predicting the fall of Polish banks this year as well a major job cuts due to falling profits and extra costs following tax reform by the conservative government in power since October of 2015. The banking sector in Poland employs over 170 thousand people, the job cuts would be the first in over ten years in the sector.
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