The gross credit volume in Poland’s non-financial sector reached PLN 1,208.5 billion in November 2024, reflecting a monthly increase of PLN 5.7 billion (0.5%) and an annual growth rate of 4.1%, according to data released by the Polish Financial Supervision Authority (KNF). Meanwhile, the value of deposits in the sector rose by PLN 10.1 billion to PLN 1,972.4 billion, recording a 0.5% monthly increase and 7.5% annual growth. Household receivables experienced a 4% year-on-year increase, totaling PLN 766.2 billion, while receivables from enterprises grew by 4.5% to reach PLN 433.9 billion. The gross loan portfolio for households expanded by PLN 1.8 billion to PLN 473.8 billion in November, representing a monthly increase of 0.4% and an annual rise of 4.4%. Zloty-denominated housing loans for households grew by PLN 2.4 billion to PLN 441.8 billion in November, marking a 0.5% monthly increase and a robust 9.2% annual growth. These loans now constitute 93.2% of all household housing loans. In contrast, the gross currency housing loan portfolio for households contracted to PLN 32 billion, down 1.7% from the previous month and 34.9% year-on-year. Consumer loans also expanded in November, growing by PLN 0.7 billion to PLN 205.1 billion, with a monthly growth rate of 0.3% and an annual increase of 7.9%. For non-financial enterprises, the gross operating loan portfolio rose by PLN 0.5 billion to PLN 171.7 billion, reflecting a 0.3% monthly rise and a 2.2% annual growth. Investment loans for the sector increased by PLN 2.9 billion in October to PLN 162.8 billion, with growth rates of 1.8% monthly and 2.8% annually. By November, these portfolios had further expanded, with operating loans reaching PLN 172.4 billion (up 0.4% monthly and 4.1% annually) and investment loans totaling PLN 165.2 billion (up 1.5% monthly and 4.6% annually). The total non-performing loan portfolio in the non-financial sector fell to PLN 62.6 billion in November, a decrease of 2.7% from the previous month and 2.6% year-on-year. Consumer loans and operating loans comprised the largest segments of this portfolio, valued at PLN 13.4 billion and PLN 18.6 billion, respectively. The majority of these loans were attributed to private individuals, with PLN 21.5 billion, and SMEs, with PLN 18.1 billion. The loan-to-deposit ratio remained stable at 60.4% in November, unchanged from the previous month but 1.6 percentage points lower year-on-year. Household deposits, which account for 70.5% of all deposits, increased by PLN 10.6 billion in November to a total of PLN 1,358.5 billion, growing by 0.8% monthly and 9.9% annually. These figures highlight the ongoing growth in both credit and deposits, reflecting strong economic activity and continued consumer and enterprise confidence in the financial sector. Source: KNF and ISBnews