Pekao (WSE: PEO / FRA: BP1): Poland's Second Largest Bank Positioned for a Polish Growth Slowdown

Bank Polska Kasa Opieki SA or Pekao (WSE: PEO / FRA: BP1) is one of the largest banks in Poland. They predict Poland will face a deep slowdown in growth, but no recession.

Bank Polska Kasa Opieki SA or Pekao (WSE: PEO / FRA: BP1) is one of the largest banks in Poland that was founded in 1929 to serve Poles living abroad. The bank predicts Poland will face a deep slowdown in growth, but no recession.

Pekao is one of the most resilient and capital generative banks in Europe with a defensive and diversified balance sheet and…