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Net financial result of banking sector up by 37.5% in 2011


2012-02-12



In 2011 the net financial result of Poland’s banking sector amounted to nearly PLN 15.7bn (approx. €3.8bn), which represents an increase of 37.5% compared with the year before, according to preliminary data from the Financial Supervisory Commission (KNF). At the same time, the sector’s capital adequacy ratio declined to 13.13% from 13.84%.

The total value of loans stood at PLN 800.8bn (€194.4bn) at the end of December 2011, up by 14.6% over 2010. Household loans went up by 11.9% to PLN 532bn (€129.1bn), whereas business loans rose 20.4% to PLN 264.5bn (€64.2bn).

Simultaneously, the value of bank deposits went up by 12.6% to PLN 698.5bn (€169.5bn). Household deposits increased by 13% to PLN 477.4bn (€115.9bn), whereas business deposits grew by 12.6% to PLN 205.9bn (€50bn).

Employment in the sector amounted to 176,662 at the end of 2011, down by 0.1% from a year earlier. The branch network expanded by 2%, exceeding the 7,000 mark (7,075, up from 6,933).



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