Value of credits up by 7.5%, deposits up by 10.2%

The total value of credits increased by 7.5 percent to PLN 912.44 billion in February month-on-month, while the total value of deposits grew by 10.2 percent y/y to PLN 850.29 billion, according to the data presented by the financial watchdog KNF. The value of credits for businesses increased by 7 percent y/y to PLN 303.83 billion at the end of February and the value of household credits surged by 7.7 percent y/y reaching PLN 602.9 billion. The KNF has also informed that the value of mortgage loans taken by households rose by 8.8 percent in February y/y to PLN 368.94 billion. The value of company deposits amounted to PLN 212.69 billion, an increase of 9.9 percent y/y, while the value of household deposits stood at PLN 619.09 billion, a growth of 10.5 percent y/y.