KNF: loans up by 7.1%, deposits by 10.5% y/y

The Polish Financial Supervision Authority (KNF) published data regarding banks' loans and deposits from January to February 2016 on a year-on-year basis. The total value of loans in the banking sector in Poland, along with foreign units, increased by 7.1 percent y/y reaching PLN 976.84 billion. The value of loans for enterprises increased by 10.7 percent y/y to PLN 336.32 billion, while the value of loans for households increased by 5.2 percent y/y to PLN 634.48 billion. Households' mortgage loans were valued at PLN 385.31 billion at the end of February, surging by 4.4 percent y/y. At the same time, loans in CHF decreased in value by 4.3 percent y/y to PLN 138.04 billion. Consumption loans' value amounted to PLN 140.87 billion, increasing by 7 percent y/y. Deposits in aggregate at the end of February were worth PLN 939.25 billion, which represents an increase of 10.5 percent y/y.  The value of enterprises' loans increased by 12.8 percent y/y to PLN 240.02 billion, and that of households surged by 9.7 percent y/y to PLN 679.1 billion.