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


 

Net financial result of banking sector up by 26% y-o-y in Q1-Q3


2010-11-23



The net financial result of the banking sector amounted to PLN 8.6bn (approx. €2.1bn) in the first nine months of 2010, which translates into an increase of 25.9% compared with the corresponding period of the previous year, according to preliminary figures from the Financial Supervisory Commission (KNF). The sector's capital adequacy ratio also improved considerably, to 13.9% from 12.2% at the end of September 2009.

The total value of loans rose 6.4% y-o-y during Q1-Q3, on the back of a 12.3% y-o-y increase in the value of household loans. By contrast, business loans were down by 4.5% y-o-y. The share of non-performing business loans rose to 11.9% from 9.1% in January-September 2009, whereas non-performing household loans represented 7.1% of the total, up from 5.3% a year earlier.

At the same time, the value of bank deposits increased by 10.7% y-o-y. Here, the business sector was the stronger engine of growth, with business deposits up by 14.7% y-o-y, compared with 9.1% y-o-y for household deposits.

There were 646 banks operating on the market in Q1-Q3, down from 647 a year ago. The branch network expanded by 79 outlets to 14,693. Employment in the sector inched up by 0.5% y-o-y to 177,985.



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.