KNF: loans up by 5.6%, deposits by 11% y/y I-VI

The Polish Financial Supervision Authority (KNF) published data regarding banks' loans and deposits from January to June 2016 on a year-on-year basis. The total value of loans in the banking sector in Poland, including foreign units, increased by 5.6 percent y/y reaching PLN 994.89 billion. The value of loans for enterprises increased by 7.4 percent y/y to PLN 247.7 billion, while the value of loans for households increased by 4.6 percent y/y to PLN 648.79 billion. Households' mortgages were valued at PLN 393.16 billion at the end of June, surging by 7.4 percent y/y. Simultaneously, loans in CHF decreased in value by 6.1 percent y/y to PLN 648.8 billion. Consumption loans' value amounted to PLN 145.7 billion, growing by 8.3 percent y/y. Deposits in aggregate at the end of June were worth PLN 969.6 billion, which represents an increase of 11 percent y/y.  The value of business deposits increased by 9.6 percent y/y to PLN 249.1 billion, and that of households surged by 11.6 percent y/y to PLN 699.14 billion.