A bright future (TT Sept05 p48-51)

The Polish banking system has undergone a radical overhaul through both privatisation and consolidation. The high proportion of foreign ownership has caused a backlash against the perceived predominance of foreign banks. Payment habits are increasingly Westernised with credit transfers now the dominant payment instrument. The presence of international banks and multinationals is helping to foster a culture of cash and treasury management, but there are legal uncertainties.