| Latest news More corporate loans Date: 14-12-2011 NBP data: November saw a considerable rise in money supply. Growth was noted both in the value of corporate bank deposits and corporate loans. On 14 December 2011, the NBP published its information on money supply in November. Supply of M3 had increased by PLN 16.3 million, i.e. by 2%, on its October figure. In this period, household bank deposits had risen in nominal terms by PLN 8.0 billion, reaching PLN 464.4 billion. As shown by the NBP’s analysts, this was driven, inter alia, by persisting reluctance to invest funds in the capital market – some of the new bank deposits were established with the money withdrawn from investment funds. Also, higher attractiveness of offers presented by certain banks was a driving force behind this development. Even stronger growth, namely one of PLN 12.6 billion, had been recorded in corporate bank deposits, largely thanks to companies operating in the power sector, mining industry and telecommunications. In November, corporate loans had enjoyed growing popularity. Lending to corporations had increased by PLN 9.7 billion, posting the highest month-on-month growth in the past three years. On the other hand, household loans had risen at a slower pace. Considering the fact that a considerable part of household debt is denominated in foreign currencies and the fact that zloty depreciated in November, household debt had increased by 0.4% in real terms. See complete data on money supply in November 2011 |