Structured products continued to compete with banking deposits in a quarter that saw Raiffeisen Bank International introducing its first ever structured warrants on the Warsaw Stock Exchange.
An estimated PLN1.3 billion (US$315m) was collected from 51 publicly offered structured products that struck on the Polish primary market in Q1 2024, according to SRP data. Sales volumes increased by 17% compared to the previous quarter but fell by 15% year-on-year (YoY). Eight different distributors were active in the quarter (Q1 2023: nine). Of these, Bank Millennium and Santander Bank Polska achieved the highest market share – combined they captured just under 50% of the market. The