At the end of December of 2013, deposits grew by 6.1% y/y, while loans rose by 3.1% y/y.
In January, household deposits amounted to PLN 549.73bn, i.e. they went up by 1.1% m/m and rose by 5.5% y/y, while corporate deposits reached the value of PLN 191.95bn and were down by 7.1% m/m and up by 8.8% y/y. The central bank noted that such a sizeable decline of corporate deposits is a typical development for January, resulting from settlements on corporate accounts at the beginning of each year and after paying out annual bonuses for employees.
Last month, household loans were rose by 1.0% in monthly terms and were up by 5.4% y/y to PLN 567.98bn. At the same time, corporate loans increased by 1.8% on the month and rose by 3.4% y/y to PLN 279.46bn.
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