Poland’s banking sector to record 6-8% lending growth in 2014 - report
March 3, 2014
Bank Millennium, unit of Portugal's BCP Millennium, expects to see 6-8% lending growth in the entire banking sector this year and 5-7% growth in sector deposits to match the 2013 rate, the bank said in comments to 2013 financial report.
"In terms of banking sector credits, the bank expects a slight acceleration of growth to 6-8% in 2014," the report reads.
In the household segment, "consumer loans should continue to grow dynamically, aided by low interest rates and consumer demand recovery in the economy," while housing loans should grow at a comparable rate to last year's, the report also said.
In the corporate segment, the total credit portfolio may grow by 7-9% y/y, according to the bank.
On the liabilities side, sector deposits are expected to grow at 5-7% annual rate, comparable to 2013.