Article Summary:

Online Forex Trading News, Anlysis, Tips, Reviews, and Videos.Hi everyone
A nice article sent by Jakub about how much Polish banks make from Forex Accounts. Statistics are especially interesting:
“A typical medium-sized Polish bank without an FX platform usually opens no more than 250-500 new FX relationships per year. Moreover, approximately


Article Content:
Hi everyone

A nice article sent by Jakub about how much Polish banks make from Forex Accounts. Statistics are especially interesting:

“A typical medium-sized Polish bank without an FX platform usually opens no more than 250-500 new FX relationships per year. Moreover, approximately only 20% of the bank’s small business customers have a meaningful potential for foreign trade… The yearly average FX spot turnover of a small Polish corporate client (from €1.2-8m in turnover) active in foreign trade can be estimated at €500,000. With the FX margin ranging from 0.2% to 0.3%, this amounts to €1,200 of bank’s gross profit margin per such customer yearly. It is expected that during the first year of a platform being operational it will enroll at least 400 customers…”

Read the full article here: http://www.gtnews.com/article/8203.cfm

Thanks Jakub!

Francesc


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