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Net financial result of banking sector up by 3.9% y-o-y in 2012


The net financial result of the banking sector amounted to PLN 16.14bn (approx. €3.86bn) in 2012, which translates into an increase of 3.9% compared with the previous year, according to preliminary data from the Financial Supervisory Commission (KNF).

The net result of domestic commercial banks increased by 4.5% to PLN 14.95bn (€3.57bn), whereas that of cooperative banks rose by 9.1% to PLN 979m (€234m).

The sector’s capital adequacy parameters also improved compared with a year earlier. The overall capital adequacy ratio amounted to 14.74% at the end of December, up from 13.10%, while the Tier 1 ratio was 13.13%, up from 11.71%.

The total value of loans was PLN 810.3bn (€193.6bn) at the end of December, an increase of 1.2% y-o-y. Household loans were worth PLN 533.2bn (€127.4bn), up 0.2% y-o-y. Business loans amounted to PLN 272.2bn (€65bn), up 2.9% y-o-y.

The value of bank deposits, at PLN 724bn (€173bn), was 3.6% higher than a year ago. Household deposits rose 8.1% y-o-y to PLN 516bn (€123.3bn), whereas business deposits decreased by 7.1% y-o-y to PLN 191.3bn (€45.7bn).

Employment in the sector stood at 175,069 at the end of 2012, which means that 1,589 banking jobs were eliminated in the course of last year, a drop of 0.9% y-o-y.

At the same time, the branch network expanded by 281 outlets to 7,373.

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