KNF: loans up by 4%, deposits by 5.7% y/y I-X

The Polish Financial Supervision Authority (KNF) published data regarding banks' loans and deposits from January to October 2017 on a year-on-year basis. The total value of loans in the banking sector in Poland, including foreign units, increased by 4 percent y/y reaching PLN 1.04 trillion. The value of loans for enterprises increased by 6.1 percent y/y to PLN 368.56 billion, while the value of loans for households increased by 2.8 percent y/y to PLN 672.31 billion. Households' mortgages were valued at PLN 396.37 billion at the end of October, inching up by 0.6 percent y/y. Simultaneously, loans in CHF decreased in value by 15.3 percent y/y to PLN 111.64 billion. Consumption loans' value amounted to PLN 161.18 billion, growing by 8 percent y/y. Deposits in aggregate at end-October were worth PLN 1.04 trillion, which represents an increase of 5.7 percent y/y.  The value of business deposits increased by 6.4 percent y/y to PLN 270.42 billion, and that of households surged by 5.3 percent y/y to PLN 745.52 billion.