| Latest news Deposits and lending continue to increase Date: 14-10-2011 NBP data: In September, household savings at banks increased by PLN 7.8 billion while debt in banks rose by PLN 9.1 billion. According to NBP data on money supply in September 2011, released on 14 October, the trend observed in previous months has continued. Money supply M3 increased by 1.6% compared to August. Both bank deposits (up 1.8%) and credits extended by banks (up 1.9%) expanded at a similar pace. In September, households increased their bank savings by PLN 7.85 billion, to a total amount of PLN 453.2 billion (this amount does include non-bank savings, e.g. in investment funds or in shares). Household loan-related debt rose faster, i.e. by PLN 9.12 billion (to PLN 530.88 billion). The growth of deposits of and loans to corporates was slightly higher – by 2.7% and 2.9%, respectively. In nominal terms, the increase in loans to corporates in September was three times higher than in August and amounted to PLN 7 billion, compared to PLN 2.4 billion a month earlier. As the zloty lost against the euro, the dollar and the Swiss frank in September, and a portion of savings and loans, in particular, is denominated in foreign currency, their real growth was lower than nominal growth, expressed in zloty. See complete money supply data September 2011 |