Polish KNF Reports 3% annual growth in loans, 7.1% rise in deposits by August 2024

The Polish Financial Supervision Authority (KNF) announced that the total value of loans in the non-financial sector rose by 3% year-on-year (YoY) by the end of August 2024, reaching PLN 1,195.5 billion. This marks an increase of PLN 10.1 billion or 0.9% month-on-month (MoM). Meanwhile, deposits in the non-financial sector also saw significant growth, climbing 7.1% YoY to PLN 1,873.2 billion, with an MoM increase of PLN 5.1 billion or 0.3%.

In the household sector, loans grew by 3.8% YoY, totaling PLN 785.6 billion, while loans to businesses rose by 1.6% YoY to PLN 428.16 billion.

The housing loan portfolio for households increased by PLN 2.2 billion in August to reach PLN 466.6 billion (+0.5% MoM, +4.4% YoY). Zloty-denominated housing loans now account for 92.7% of the total housing loan portfolio.

On the consumer side, the gross loan portfolio expanded by PLN 2.2 billion, reaching PLN 202.1 billion (+1.1% MoM, +7.6% YoY).

The loan-to-deposit ratio rose slightly to 61.4% by the end of August, an increase of 0.3 percentage points MoM but a drop of 2.2 percentage points compared to the previous year.

Source: KNF and ISBnews