Loans in the banking sector increased by 5.6%
At the end of January 2025, the total loan volume in Poland's banking sector increased by 5.6% y/y to PLN 1,319.9 billion, while customer deposits grew by 8% y/y to PLN 2,023.1 billion, according to the Bank Guarantee Fund (BFG).
Loan volume rose by PLN 5.4 billion in January, mainly due to a higher increase in business loans (PLN 2.6 billion), private loans (PLN 1.7 billion), and non-monetary financial institutions (PLN 0.9 billion). The annual loan increase amounted to PLN 70 billion.
Deposits declined by PLN 16.2 billion m/m, mainly from businesses (PLN -15.3 billion) and local governments (PLN -3.5 billion). Household deposits grew, but at half the rate of the previous year (PLN 2.8 billion vs. PLN 5.5 billion in 2024).
