PMR Online access    |   tel. +48 12 340 51 00    |   E-mail:


Net financial result of banking sector up by 11.8% y-o-y in Q1


The net financial result of the banking sector amounted to PLN 4.23bn (approx. €1bn) in the first quarter of 2012, which translates into an increase of 11.8% compared with the same period of the previous year, according to preliminary data from the Financial Supervisory Commission (KNF).

The net result of domestic commercial banks rose 7.9% y-o-y to PLN 3.82bn (€902.4m), that of cooperative banks jumped by 31.1% y-o-y to PLN 307.4m (€72.6m).

At the same time, the sector’s capital adequacy ratio slightly deteriorated to 13.81% from 13.88% in Q1 2011.

At the end of March the total value of loans stood at PLN 794.4bn (€187.7bn), an increase of 12.5% compared with the same period a year earlier. Household loans rose 9.8% y-o-y to PLN 523.8bn (€123.8bn), whereas business loans increased by 17.9% y-o-y to PLN 266.3bn (€62.9bn).

The value of bank deposits, at PLN 686.3bn (€162.1bn), was 10.7% higher than in Q1 2011. Household deposits rose 11.9% y-o-y to PLN 485.8bn (€114.8bn), whereas business deposits went up by 8.2% y-o-y to PLN 184.8bn (€43.7bn).

Employment in the sector decreased by 0.5%, or nearly 860 employees, to 176,705. The branch network, at 7,012 outlets, was roughly unchanged from a year earlier.

Browse and search in our archive »

subscribe to PMR RSS NEWS channelsSubscribe to PMR RSS NEWS channels »

Free monthly e-letter containing latest news, analyses and business information on economic situation in Poland, Russia, Bulgaria, Czech Republic, Hungary, Romania, Slovakia, Ukraine, Kazakhstan.
Relevant news

Useful links         Privacy Policy
Copyright © 2018 PMR. All rights reserved.

PMR is a British-American company providing market information, advice and services to international businesses interested in Central and Eastern Europe as well as other emerging markets. PMR key areas of operation include business publications (through PMR Publications), consultancy (through PMR Consulting) and market research (through PMR Research). With over fourteen years of experience, high international standards in projects and publications, highly skilled multilingual staff and a wide network of co-operating research companies and market experts, PMR is one of the largest companies of its type in the region.