Banking sector makes profit in 2022

In December, the corporate portfolio significantly expanded by 2.1% (after +1.0% in November), driven by budget expenditures. Annual growth reached 14.3%, which is even more than in rather successful 2021 (+11.7%).

Over the month, the amount of mortgage loans issued by banks hit a record high. As a result, in December, the portfolio increased by 3.3% (adjusted for securitisation), with its annual growth reaching 20%. Although this is below the 2021 growth rate (+31%) by a third, it is a good result, considering all the circumstances.

The consumer lending segment showed a negligible increase of 0.1%, with its annual growth equalling about 3% due to the tightening of banks' credit policies during the elevated volatility periods in spring and autumn.

Households' funds with banks surged by a record 7.6% over the month, which was driven by the January social payments traditionally made in advance. As a result, annual growth in households' funds totalled 6.9%, which is more than in 2021 (+5.7%).

Presentation Banking Sector Performance in 2022