Narodowy Bank Polski

Monetary and financial statistics

M3 and its counterparts - balance sheet format

The table presents money supply M3 and its counterparts with a monthly frequency from December 1996. Each category is broken down by instruments (loans, securities, etc.) and sectors of the economy. The scope and the presentation format are adjusted to standards used by the European Central Bank. Starting from March 2002, broad money M3 became basic analytical and publication category of money supply in Poland.

Starting from end-June 2005 data the category „Credit” has been redefined. Namely, interest arrears have been excluded from item „Credit” and shifted to Other items, net.

Starting from end-July 2007 reporting period the methodology of compiling certain monetary aggregates - disseminated below in Excel files - has been changed. For the purposes of comparability historical data have been adjusted (time series subject to changes marked in red). Related detailed information is included in the PDF file attached.

Starting from January 2012 the list of Polish monetary financial institutions (MFIs) does not include money market funds (MMFs), as no investment fund meets the criteria of MMF definition as set forth in the regulation of the European Central Bank No 883/2011 of 25 August 2011 amending Regulation (EC) No. 25/2009 concerning the balance sheet of the monetary financial institutions sector (ECB/2008/32), ECB/2011/12. At present the MFI sectors includes banks and credit unions.

Starting from end-September 2012 data M3 and counterparts data are extended to cover data on transactions calculated in compliance with the ECB methodology. The approach consits in computing transactions from differences in outstanding amounts adjusted for changes which do not arise from transactions. Detailed methodological notes are presented in the file below.

On the dissemination of statistical data reference to end-October 2015 definition of the monetary category “Capital and reserves” was amended. The amendment consists in shifting to “Capital and reserves” the following MFIs balance-sheet components previously classified under “Remaining liabilities”: profit/loss of the current year of commercial banks, profit/loss before approval of commercial banks, profit/loss of the current year of the central bank, previous year’s loss of the central bank and revaluation accounts of the central bank. The above amendment aims at further cross-country harmonization of monetary categories within the EU and strengthening the linkages between financial and statistical reporting. Data for the amended categories were adjusted back to December 2008. For more details see the file below.

Notice on changed release dates for broad money M3 and its counterparts

Pursuant to provisions of the Resolution of the Management Board of Narodowy Bank Polski no 71/2016 of 22 December 2016 on the manner, detailed scope and deadlines of reporting to NBP data necessary for the monetary policy purposes, periodical evaluation of the state’s monetary situation and assessing financial situation of banks as well as banking sector risk, which entered into force on 1 June 2017, the Department of Statistics announces the following changes in data release dates:

14 June 2017 is the final release date for tables: ”Broad money M3 and its counterparts (short version) – preliminary data” and ”Broad money M3 and its counterparts (short version) – preliminary data; changes vs the beginning of the year and the previous month” which were based on preliminary information and released on the 14th working day following the end of the respective month.

Starting from the data for June 2017, tables: ”Broad money M3 and its counterparts – balance sheet format (including transaction data)” and ”Broad money M3 and its counterparts – balance sheet format (short version, the table will contain changes vs the beginning of the year and the previous month.)” will be released in accordance with the advance release calendar available at:

On 23 October 2017 NBP published monetary aggregates for the reference periods June-September 2017 compiled based on the data collected in the new monetary statistics reporting system. The data for June-September 2017 were republished, i.e. they replaced the data published previously that were derived from the former reporting scheme. Time series up to May 2017 were derived from the former reporting scheme.

Dissemination of data for June-September 2017 collected in the new reporting system for monetary statistics


See also:

NBP interest rates

Reference rate 1.50
Lombard rate 2.50
Deposit rate 0.50
Rediscount rate 1.75

Exchange rates

Table of 2019-09-20
1 EUR4.3438
1 USD3.9319
1 CHF3.9668
1 GBP4.9277
100 JPY3.6424

Economic outlook

Monthly data

Quarterly data

Financial markets



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