Narodowy Bank Polski

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reluctance to invest funds in the capital market – some of the new bank deposits were established with the money withdrawn from investment funds.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

NBP interest rates

Reference rate 6.75
Lombard rate 7.25
Deposit rate 6.25
Rediscount rate 6.80
Discount rate 6.85

Exchange rates

Table of 2023-01-27
1 EUR4.7076
1 USD4.3252
1 CHF4.6961
1 GBP5.3505
100 JPY3.3309

Economic outlook

Monthly data

Quarterly data

Financial markets



Narodowy Bank Polski
Świętokrzyska 11/21
00-919 Warszawa

+48 22 185 10 00
NIP: 525-000-81-98
REGON: 000002223
This site uses cookies to ensure its more efficient operation.
To find out more about the cookie technology, please click here: NBP Privacy Policy »
In order to browse through the content, it is necessary to accept cookies from this site Accept