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Samcik, Maciej

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4 articles of this author have been cited in the European Press Review so far.

Gazeta Wyborcza - Poland | 22/06/2015

Economising on bank IT endangers customer data

Hackers published sensitive data on 500 customers of the Polish Plusbank on the Internet last week. The liberal daily Gazeta Wyborcza argues that Polish banks have made cutbacks in the wrong areas: "Unfortunately after the financial crisis in 2008 our banks slashed IT expenditures. Many central systems - without which a bank can't function - are now ten to 15 years old. ... The acquisition of such ready-made solutions that control all key functions of a bank costs anything from ten to well over 100 million złoty [2 to 25 million euros], depending on the size of the bank. Even the biggest banks have postponed such acquisitions for years. Because they fear these high costs will reflect poorly on their financial statements."

Gazeta Wyborcza - Poland | 10/09/2013

Polish foreign currency debtors knew the risks

Demands that the state help private citizens who took out loans in foreign currencies, and especially borrowers who are now stuck in a debt spiral because of the strength of the Swiss franc, are growing louder in Poland. The liberal daily Gazeta Wyborcza rejects the idea: "Firstly, the overwhelming majority of 97 percent make their payments on time - despite the additional burden on their purses. Secondly, a number of them - some even claim a majority of them - are actually happy they chose the franc. Because in some cases over the years they have paid just half of what those who took out loans in złoty have had to pay. ... This is why families in Poland are generally better off than those in Hungary for example, where 30 percent of borrowers can't make their payments on a regular basis. ... Added to that, the bank supervision set tough prerequisites for the granting of such loans, including the customer being properly informed about the risks they entail."

Gazeta Wyborcza - Poland | 26/03/2013

Sunny island not saved yet

Cyprus's rescue is nowhere near settled even with the bailout plan, the liberal daily Gazeta Wyborcza warns: "For example we don't know yet how private savers will behave when banks are reopened. The financial blockade of the country has already gone on for ten days. Initially the citizens were completely cut off from money channels, then the cash points started paying out small amounts and now the upper limits have been reduced here too. Will the Cypriots really be willing to believe that the government will take care of their bank deposits? Won't they soon withdraw all their money again? To what extent will the ECB's statement that it will support the liquidity of the banks calm their fears? And then the question of the economy's future must be asked, which has been 50 percent dependent on the financial sector in recent years. How is it to function without it? This is like when a jockey falls from his horse and then has to go by foot. He's bound to be a lot slower."

Gazeta Wyborcza - Poland | 10/06/2009

Major Polish bank should not distribute all its profit

The Polish government has demanded that one of Poland's major banks, the part state-owned PKO BP, distribute the whole of the previous year's profits among its shareholders. It holds around half the shares in the bank and wants to use this additional revenue to boost its budget. The liberal newspaper Gazeta Wyborcza expresses concern over the move: "Many economists take a critical view of the plan of the treasury ministry [that among other things manages state assets] to suck the whole of last year's profits out of PKO BP. Professor Jerzy Osiatyński – former finance minister and a member of PKO BP's supervisory board – spoke out bluntly: 'If someone makes a living selling eggs they shouldn't slaughter the chicken that lays them.' One should not weaken the banks in times of crisis, the boss of the national bank Sławomir Skrzypek and president of the KNF [Polish financial Supervision Authority] Stanisław Kluza have said in the same vein. They find plans for the PKO BP to earn further capital by issuing new shares in future unconvincing."

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