Companies are putting money away. More than PLN 263 billion in accounts

Money has been put aside mainly by large companies, and the structure of deposits is unlikely to herald an investment boom. It looks as if companies are afraid of liquidity disruptions. There is no shortage of reasons for such fears.

The amount that entrepreneurs had accumulated in bank accounts by the end of July is almost 6.5 percent higher than a year earlier. However, this growth is not spread evenly across all types of deposits. The increase is primarily in current account holdings. In them, companies already have PLN 176.6 billion, more than 9.5 percent more than in July 2017. Against this backdrop, term deposits are gaining in value rather sluggishly, barely by 0.7 percent year-on-year.