1. Financial exclusion In Poland Katowice, 09.05.2014

2. Team:  Filip Kałamaga  Kasia Karwacka  Maciej Czempiel

3. Agenda  Introduction  Level and structure of financial exclusion  Causes and consequences of financial exclusion  Government role in preventing financial exclusion  Institutions and their actions  Characteristic of “SKOK”  Conclusions

4. Introduction

5. What is financial exlcusion?  A state in which all people have access to appropriate, desired financial products and services in order to manage their money effectively. It is achieved by financial literacy and financial capability on the part of the consumer, and access on the part of financial product, services and advice suppliers

6.  Area 312,679 km2 (70th)  Population 38 533 299 (34th)  PPP -Total $813.988 billion (21st) -Per capita $21,118 (49th)  GDP -Total $513,934 billion (23rd) -Per capita $13,334 (54th) Unemployment =13.0% Accession to the EU – 1 May, 2004

7. LEVEL AND STRUCTURE OF FINANCIAL EXCLUSION

8. 2000-2005  Below 60 % of Polish population over 15 year old had a bank account

9. 2006-2009  After the survey by NBP in 2009 this proportion amounted to 77%  PEOPLE LIVING IN EUROPEAN UNION WHO USE BANK ACCOUNTS (2009, %): source: NBP 12.Austria - 94 13.Malta - 93 14.Luxemburg - 93 15.Portugal - 89 16.Spain - 88 17.Slovenia - 88 18.Cyprus - 86 19.Czech Republic - 86 20.Slovakia - 85 21.Lithuania - 81 22.Poland - 77 1.Finland - 99 2.Denmark - 99 3.Sweden - 98 4.Belgium - 98 5.France - 97 6.UK - 96 7.Estonia - 96 8.Germany - 96 9.Grece - 96 10.Irland - 95 11.Holand - 94

10. 2009-2012  ¼ of Polish people still have no access to financial services Why people are not willing to be active?  It is not necessary for them  They prefer to keep money in cash  They don’t have enough money to invest  The lack of trust

11. AMONG THOSE, WHO ARE IN THE BIGGEST DANGER OF FINANCIAL EXCLUSION  People over 65 years of age - 57% of this group do not have an account (in comparison to those aged 35-44 years the proportion of people without accounts amounted to 4%)  inhabitants with low incomes 41% of people living in households with incomes not exceeding 1300 zl does not have a bank account (among households with incomes at the level of 2400 to 3800 zł - 8%)  Low-educated (primary, basic) – 68 % while high-educated – 1 %  Retirees, pensioners and students - the percentage of people who do not have an account amounted to 50%, in the case of pensioners, 46% for pensioners and 41% for students).  Residents of rural areas - 28% (for example among the inhabitants of cities in size from 20 to 99 thousand the proportion of residents with no bank account is 14%)

12. Causes and consequences of financial exclusion

13. Causes

14. Type of factors Number of countries in which there was identified financial exclusion social factors Technical loop10/26 changes in job sector8/26 injustice in income8/26 market liberalisation, paying less attention to marginal market segments6/26 market liberalisation, dissapearing of institution for people of low income5/26 social help5/26 social changes4/26 money loundering3/26 monetary policy3/26 demographic changes - young people2/26 demographic changes - migrations2/26 supply factors Risk evaluation8/26 marketing8/26 geographic access7/26 product design7/26 service providing7/27 complex of choice7/28 price4/26 type of product1/26 demand factors cost related problems8/26 belief that it is not for poor/low selfestime8/26 fear of loosing financial control7/26 lack of trust to service providers7/26 alternative choices, cultural factors4/26 religion4/26 bad experiences1/26

15. Effects:  Financial exclusion -> social exclusion  Impact on integration within modern European societies  Inconveniences and difficulties  Danger of poverty

16. Government goals and role for preventing financial exlclusion  Education  Preventing poverty  Unemployment  Disabled peoples  Social care

17. National Bank of Poland  Economic Education Portal NBPortal.pl  Educational programmes for schools, teachers  Project: The Accessible Bank

18. Financial Services Commission  Week of Savings on 31 October on the occasion of World Savings Day

19. Institutions and their actions

22. Years Number of branches Number members Loans (in thousand zł.) Years Number of branches Number members Loans (in thousand zł.) 20131 8922 66012 035 809 20041 4611 1692 856 265 20121 9872 59111 090 601 20031 2859242 212 939 20111 9342 31510 906 655 20029237031 659 780 20101 8512 1779 792 675 20016805251 235 554 20091 8012 0268 411 273 2000560394865 748 20081 7571 8566 932 627 1999420306668 386 20071 6631 6695 147 320 1998290259412 482 20061 5891 5514 047 299 1997237194280 598 20051 5531 3953 502 929 1996168138160 843