Sektor finansowy. Sektor bankowy
Financial sector. Banking Sector

Summary/Abstract: After two years of fast growth, the dynamics of banking assets has clearly slowed down due to declining GDP growth rate and deteriorating business climate which weakened demand for loans, and made banks tighten lending conditions. Mortgage and consumer credit have been most affected. The two-year record profit growth of the banking sector turned into a stagnation in the first half of the current year. Rising interest rates had a stronger impact on increasing costs than interest income, and the deteriorating business climate caused provisions on reserves to rise. Nonetheless, the main operating indicators still reveal a sound stability of the banking system, primarily due to the relatively high volume of profits.

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