How efficient is the Polish banking industry?

In 2004 Poland entered the EU. This paper investigates whether the Polish banking industry is prepared for entry by looking specifically at its comparative efficiency in relation to one of the largest banking sectors in the EU, that of the UK. A range of efficiency measures is used. The empirical results reveal a surprising degree of relative efficiency in the Polish banking industry, no doubt reflecting the substantial economic changes introduced in Poland since 1989. The results suggest that the Polish banking sector should be able to survive the new competition that it will face following entry into the EU.