The Role of Diversity of Banking Models : Position and Prospects of Polish Cooperative Banks

• Authors: Miklaszewska Ewa , Kil Krzysztof
• Languages of publication: EN

Abstracts

EN

The global financial crisis of 2008 highlighted the riskiness of the pre-crisis bank model and demonstrated that in many cases the benefits of diversification from traditional banking have been overstated. With countless cases of nationalization or forced takeovers of failing banks, questions have been raised as to the proper size and scope of banking activities. Retail banking carried out by locally-based, small institutions, such as credit unions, mutual savings banks, building societies or cooperative banks, has for years played an important role in local environments, enhancing bank reputation and trust. The financial crisis has highlighted the advantages of alternative business models of banks, aimed not only at maximizing short-term profits but also at the fulfillment of some social objectives; thus the aim of the paper is to analyze the position and challenges for the cooperative banking sector, based on the Polish experience

Keywords

EN

Banking sector, Cooperative banks, Business models

PL

Sektor bankowy, Banki spółdzielcze, Modele biznesowe

• Publisher: Bankowy Fundusz Gwarancyjny
• Journal: Bezpieczny Bank
• Year: 2014
• Issue: 2(55)
• Pages: 50-64

Contributors

author

Miklaszewska Ewa

• Cracow University of Economics, Poland

author

Kil Krzysztof

• Cracow University of Economics, Poland

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