Restructuring of a Bad Debt Portfolio in a Commercial Bank in the Midst of an Economic Transition Period - Case Study : Powszechny Bank Gospodarczy W Łodzi

The present study presents the context of the enterprises and banks financial restructuring programme in Poland and its implementation in PBG S.A. The strategy of "bad debt" restructuring shown in this study stems from the macroeconomic climate in Poland at the beginning of the 1990s, existing legal environment and from the extent to which the bank completed the process of adjustments to the market economy. The method tackled here does not offer any universal concept of bad debt portfolio restructuring in a commercial bank