KNF: loans up by 5.9%, deposits by 10.8% y/y I-VII

The Polish Financial Supervision Authority (KNF) published data regarding banks' loans and deposits from January to July 2016 on a year-on-year basis. The total value of loans in the banking sector in Poland, including foreign units, increased by 5.9 percent y/y reaching PLN 997 billion. The value of loans for enterprises increased by 8 percent y/y to PLN 341.97 billion, while the value of loans for households increased by 4.9 percent y/y to PLN 648.85 billion. Households' mortgages were valued at PLN 392.26 billion at the end of July, surging by 4.3 percent y/y. Simultaneously, loans in CHF decreased in value by 4.5 percent y/y to PLN 135.27 billion. Consumption loans' value amounted to PLN 146.37 billion, growing by 8 percent y/y. Deposits in aggregate at the end of July were worth PLN 970.45 billion, which represents an increase of 10.8 percent y/y.  The value of business deposits increased by 9.3 percent y/y to PLN 246.58 billion, and that of households surged by 11.3 percent y/y to PLN 701.84 billion.