November's M3 money supply up - central bank

Leszek Szymański/PAP

Poland’s M3 money supply grew in November 2020 by 16.1 percent year on year and by 0.5 percent month on month to PLN 1.79 trillion (EUR 400 billion), the National Bank of Poland (NBP) announced on Tuesday.

Household deposits grew by 0.2 percent m/m to PLN 953.47 billion (EUR 211.56 billion).

Corporate deposits grew by 0.4 percent m/m to PLN 378.62 billion (EUR 84.01 billion).

Loans in the household sector fell by 0.6 percent to PLN 786.03 billion (EUR 174.41 billion) while loans in the corporate sector dropped by 0.3 percent m/m to PLN 376.38 billion (EUR 83.51 billion).

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