KNF: loans up by 6.1%, deposits by 11.6% y/y I-V

The Polish Financial Supervision Authority (KNF) published data regarding banks' loans and deposits from January to May 2016 on a year-on-year basis. The total value of loans in the banking sector in Poland, along with foreign units, increased by 6.1 percent y/y reaching PLN 988.43 billion. The value of loans for enterprises increased by 9.4 percent y/y to PLN 339.84 billion, while the value of loans for households increased by 4.5 percent y/y to PLN 642.55 billion. Households' mortgages were valued at PLN 388.28 billion at the end of May, surging by 3.5 percent y/y. Simultaneously, loans in CHF decreased in value by 7.2 percent y/y to PLN 134.94 billion. Consumption loans' value amounted to PLN 144.43 billion, growing by 7.6 percent y/y. Deposits in aggregate at the end of May were worth PLN 958.85 billion, which represents an increase of 11.6 percent y/y.  The value of business loans increased by 13.8 percent y/y to PLN 247.7 billion, and that of households surged by 10.8 percent y/y to PLN 689.98 billion.