Business and personal loans move toward record levels

A similar situation is noticed among loans for businesses where the value grew by 19.2%. This is the highest growth recorded since 1999. The rise in indebtedness is good news for banks. "The larger the loans, means the larger the revenues of banks should be," said an analyst with ING Securities, Piotr Palenik. According to the domestic financial watchdog, the profit of the banking sector amounted in Q1 this year to zl.3.6 billion. Today, PKO BP is to announce its Q1 results. Analysts estimate it will post a zl.600 million profit for the quarter. (Parkiet, p. 1) A.K.