Since the beginning of the nineties, globalization processes have also been progressing faster
in Poland. One of the sectors of the Polish economy in which globalization is proceeding
relatively quickly is the financial sector, especially commercial banking. This is related to the
acquisition of Polish banks by foreign financial institutions, i.e. the process that most intensively occurred in the 90s of the last century. In addition, Poland's accession in 2004 to the
structures of the European Union and the development of electronic banking, the development
of technologies and Internet services are factors that have accelerated globalization processes
in Poland in recent years. The high level of globalization also applies to the capital market,
both from the side of the organization and the nature of transactions made at the Warsaw Stock
Exchange. The result of this high level of globalization of financial markets in Poland was the
rapid appearance of negative market and cyclical effects of the global financial crisis in the
autumn of 2008. The source of this crisis was the acceptance of an excessively high level of
credit risk in US investment banks. However, the negative economic consequences of this
crisis also quickly appeared in Poland. In addition to the significant depreciation of market
valuations of shares of companies listed on the War-saw Stock Exchange, significant macroeconomic
effects have also appeared in the form of a decline in the economic growth of the
Polish economy. The existing situation indicates the need to continue the improvement of
banking prudential regulations and credit risk management instruments in financial institutions.
Credit Risk Management and the Performance of Financial Institutions in South Sudan
