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


 

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


2013-02-13



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.



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.