Preparing for a commercial bank license

A banking license brings the most opportunities, but also the most responsibilities

1. Conceptual and business preparation
   • establishing the scope of services and business profile
   • analysis of conducting business as a KIP or as a bank
   • analysis of the advantages of applying for a license in Poland or in another EU country
   • cross-border or exclusively domestic operations
   • operation exclusively online or with traditional outlets
2. Capital and own funds
   • ensuring initial capital in an appropriate amount (min. EUR 5,000,000)
   • provision of own funds depending on the size of the planned activity
3. ICT infrastructure
   • decision to use in-house vs outsourcing solutions
   • deciding on the extent of use of cloud computing
4. Organizational requirements
   • ensuring qualified staff, including managers with relevant competencies
   • filling positions responsible for the management and internal control system