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Annual report of the Bank Guarantee Fund
2020
Survey of public awareness of the role of the BFG
In 2020, a survey of the image of the banking sector in Poland was conducted once again
in collaboration with the ZBP. This project involved, among other things, surveying the public
awareness of the deposit guarantee scheme and the role of the BFG.
The results of the opinion poll indicate that the public awareness of the existence of the BFG
is low in each group by age, education and place of residence. Only 31% of respondents declare that
they know the institutions that guarantee the recovery of individual customers’ money in the event
of bankruptcy of a bank or savings and credit union (SKOK) in Poland. Considering the results of the
public opinion poll, the Fund launched broader educational activities.
In November 2020, the BFG launched a several-month educational campaign aimed at increasing
the awareness of various social groups about the national deposit guarantee scheme for banks and
SKOKs. The Fund was also involved in work coordinated by the MF on the concept of preparing
a national financial education strategy.
Other information and promotion activities
2020 saw the 18th edition of the competition organised by the Fund for the best bachelor’s, master’s
and doctoral thesis on deposit guarantee schemes, resolution or orderly liquidation of financial
institutions, regulatory infrastructure of the financial system, issues of financial security of banks
and financial stability.
6 doctoral theses, 12 master’s theses and 8 bachelor’s theses were submitted for the competition.
The competition jury selected two winners in each category.
Fund’s publications
In 2020, four issues of the Bezpieczny Bank magazine (Safe Bank) were published. About
30 articleszand studies in total were published in the magazine. They dealt with broadly defined
issues of the impact of the market structure and bank size on the stability of the banking sectors
in the EU countries, the systemic risk and the macroprudential policy, regulatory infrastructure
as well as issues related to the risk of the activities of banks and the impact of the Covid-19 pandemic
on the economy. Study results and reviews of books on economy were also published.
Issue 3 (80) of the magazine was an anniversary issue, dedicated to the 25th anniversary of the BFG.
It contains review articles by Prof. Jan Szambelańczyk entitled “25 years of operation of the Bank
Guarantee Fund in Poland” and by Tomasz Obal, Member of the Management Board of the BFG,
entitled “Guaranteeing deposits in Poland in 1995-2020. Axiology, selected regulations, practice.”
Bezpieczny Bank, keeping 20 points in the scoring of scientific magazines awarded by the Minister
of Science and Higher Education, was one of the best-rated publications on the financial market
and the stability of the banking system in Poland. The magazine also obtained funding as part of the
Ministry of Science and Higher Education’s funding programme for scientific magazines.
The Fund, as every year, prepared the Annual Report of the BFG for 2019 in Polish and English.
Contents
Annual report of the Bank Guarantee Fund
2020
Survey of public awareness of the role of the BFG
In 2020, a survey of the image of the banking sector in Poland was conducted once again
in collaboration with the ZBP. This project involved, among other things, surveying the public
awareness of the deposit guarantee scheme and the role of the BFG.
The results of the opinion poll indicate that the public awareness of the existence of the BFG
is low in each group by age, education and place of residence. Only 31% of respondents declare that
they know the institutions that guarantee the recovery of individual customers’ money in the event
of bankruptcy of a bank or savings and credit union (SKOK) in Poland. Considering the results of the
public opinion poll, the Fund launched broader educational activities.
In November 2020, the BFG launched a several-month educational campaign aimed at increasing
the awareness of various social groups about the national deposit guarantee scheme for banks and
SKOKs. The Fund was also involved in work coordinated by the MF on the concept of preparing
a national financial education strategy.
Other information and promotion activities
2020 saw the 18th edition of the competition organised by the Fund for the best bachelor’s, master’s
and doctoral thesis on deposit guarantee schemes, resolution or orderly liquidation of financial
institutions, regulatory infrastructure of the financial system, issues of financial security of banks
and financial stability.
6 doctoral theses, 12 master’s theses and 8 bachelor’s theses were submitted for the competition.
The competition jury selected two winners in each category.
Fund’s publications
In 2020, four issues of the Bezpieczny Bank magazine (Safe Bank) were published. About
30 articleszand studies in total were published in the magazine. They dealt with broadly defined
issues of the impact of the market structure and bank size on the stability of the banking sectors
in the EU countries, the systemic risk and the macroprudential policy, regulatory infrastructure
as well as issues related to the risk of the activities of banks and the impact of the Covid-19 pandemic
on the economy. Study results and reviews of books on economy were also published.
Issue 3 (80) of the magazine was an anniversary issue, dedicated to the 25th anniversary of the BFG.
It contains review articles by Prof. Jan Szambelańczyk entitled “25 years of operation of the Bank
Guarantee Fund in Poland” and by Tomasz Obal, Member of the Management Board of the BFG,
entitled “Guaranteeing deposits in Poland in 1995-2020. Axiology, selected regulations, practice.”
Bezpieczny Bank, keeping 20 points in the scoring of scientific magazines awarded by the Minister
of Science and Higher Education, was one of the best-rated publications on the financial market
and the stability of the banking system in Poland. The magazine also obtained funding as part of the
Ministry of Science and Higher Education’s funding programme for scientific magazines.
The Fund, as every year, prepared the Annual Report of the BFG for 2019 in Polish and English.
Contents
