Pengab banking index up in August

The Pengab indicator, which measures the conditions in the banking industry, grew by 3.9 points month-on-month to 30.4 points in August, according to data quoted by ISBnews. In an identical period last year, the indicator registered 17.7 points. The assumptions component of the Pengab index also inched down by 0.2 points to 23.1 in August, while the forecast component grew by 7.9 points to 37.8. “In the opinion of the banking sector, the situation on the mortgage market and on the market of individuals’ term deposits has improved,” said Marcin Idzik from TNS Polska. “The current Pengab index growth is due to a growth of customers activity on the banking market expected in the coming three months,” he added.