Moody's said it kept "its outlook for........>

POLAND: Moody's said it kept "its outlook for Poland's banking system at stable,

reflecting the rating agency's view that solid economic growth, along with

improving employment and income levels, will boost both corporate and household

consumption." The "Banking System Outlook: Poland" report said "solid economic

growth balances weaker profitability and unpredictable policies." The research

is an update to the markets and does not constitute a rating action.

- "Accelerating economic growth will create opportunities for banks, offsetting

weak profitability and unpredictable government policies," said Arif Bekiroglu,

an Associate Vice President at Moody's.

- Moody's said "earlier this month that it expects Poland's economy to grow by

4.3% this year and 3.5% in 2018, up from 2.7% in 2016. However, the threat of EU

sanctions over controversial policy-making by the governing Law and Justice

party, may crimp investor confidence and potentially weigh on growth."