Loans up by 3.9%, deposits by 4.8% in H1

According to data released by the Polish Financial Supervision Authority (KNF), the total value of loans in the banking sector in Poland, including foreign units, increased by 3.9 percent y/y reaching PLN 1,033.45 billion. The value of loans for enterprises increased by 5.8 percent y/y to PLN 359.42 billion, while the value of loans for households increased by 2.9 percent y/y to PLN 667.65 billion. Households' mortgages were valued at PLN 397.33 billion, increasing by 1.1 percent y/y. Simultaneously, loans in CHF decreased in value by 11.8 percent y/y to PLN 121.26 billion. Consumption loans' value amounted to PLN 155.61 billion, growing by 6.8 percent y/y. Deposits in aggregate at the end of June were worth PLN 1,016.41 billion, which represents an increase of 4.8 percent y/y. The value of business deposits increased by 1.7 percent y/y to PLN 253.43 billion, and that of households grew by 5.8 percent y/y to PLN 739.54 billion.