Information Bulletin 12/2003

Information Bulletin 12/2003 Warsaw, April 2003

Compiled from NBP materials by the Department of Statistics as at March 15, 2004. Design: Oliwka s.c. Cover photo: Corbis/Free Layout and print: NBP Printshop Published by: National Bank of Poland Department of Information and Public Relations ul. Âwi tokrzyska 11/21 00-919 Warszawa, Poland phone: (+48 22) 53 23 35, fax: (+48 22) 53 13 21 www.nbp.pl Copyright by the National Bank of Poland, 2004 ISSN 1230-0020

Contents 1. Socio-economic situation of the country................................. 4 1.1. Sold production of industry................................................ 4 1.2. Prices................................................................ 5 1.3. Labour market......................................................... 1.4. Wages and salaries of employees and social benefits.............................. 7 1.5. National Budget........................................................ 8 2. The money supply and counterparts to changes in money................ 9 2.1. Structure of the money supply.............................................. 9 2.2. M3 and counterparts................................................... 11 2.2.1. Credit.......................................................... 11 2.2.2. Credit to central government net...................................... 13 2.2.3. External assets net................................................. 14 2.2.4. Other items (net).................................................. 14 2.2.5. Fixed assets of banks............................................... 14 2.2.. Longer-term financial liabilities........................................ 14 3. Monetary policy of the central bank.................................... 1 3.1. Interest rates.......................................................... 1 3.2. Reserve requirements.................................................... 17 3.3. Foreign exchange rates................................................... 17 3.4. Primary T-bill market.................................................... 18 3.5. Open market operations................................................. 19 4. Principal decisions of the Monetary Policy Council....................... 20 5. Balance of payments on a cash basis information..................... 21. Statistical Appendix.................................................... 22.1. Tables............................................................... 23.2. Figures.............................................................. 7.3. Seasonally-adjusted time series............................................. 72.4. Methodological notes................................................... 81 3

Socio-economic situation of the country 1 1 Socio-economic situation of the country Table 1.0. Selected categories, real economy (%) Specification Monthly growth I Increase in 2003 Sold production of industry 5.5-8.1 1.8 * Consumer prices 0. 0.3 0.2 1.7 Sold production of industry prices 0.7 0.4 0.1 3.7 Construction and assembly production prices -0.2-0.2-0.2-1.5 Average employment, enterprise sector 0,1-0,3-0, * Average monthly wages and salaries of employees, gross, enterprise sector -0.9 4.7 9.1 * Average monthly gross retirement pay and pension from non-agricultural social security system 0.3-0.2 0.3 * * Data not published by GUS. Source: GUS. 1.1. Sold production of industry In the fourth quarter of 2003 the sold production of industry 1 was higher by 12.1% than a year earlier (in comparison to the increase by 4.% in the corresponding of 2002). This rise was driven by a 14.% higher output in manufacturing and a 1.5% higher electricity, gas and water supply, whilst 3.3% lower outputs in mining and quarrying reduced the pace of rise in the overall sold production of industry. Within the structure of the overall sold production of industry (in current prices) between January and December 2003, as compared to the corresponding period of the Figure 1.1.1. Sold production of industry (corresponding period of the previous year = 100) 119 117 115 113 111 109 107 105 103 101 99 97 95 93 91 89 % I I 2003 I Manufacturing Minning and quarrying Electricity, gas and water supply 1 In the enterprises employing more than nine persons. 4 N a t i o n a l B a n k o f P o l a n d

Socio-economic situation of the country previous year, the share of mining and quarrying decreased (from 5.4% to 4.8%) and so did the share of electricity, gas and water supply (from 12.8% to 12.2%). On the other hand, the share of manufacturing grew from 81.8% to 83.0% in comparison to the corresponding period in 2002. 1 In the fourth quarter of 2003 enterprises pointed to low domestic and foreign demand, heavy fiscal charges, unsteady economic situation and competitive imports as the obstacles to the growth in the current manufacturing: 1.2. Prices In December 2003 sold production of industry prices were 3.7% higher than the prices in December 2002 (in the corresponding period last year this figure was 2.2%). Last year prices grew most in the sector of mining and quarrying (7.1% as compared to 3.% the year before), slightly less in manufacturing (3.7% as compared to 1.4% the year before) and in the sector of electricity, gas and water supply (3.3% as compared to.8% the year before). Construction and assembly production prices in 2003 declined by 1.5% (as compared to the growth by 0.4% the year before). Figure 1.2.1. Sold production of industry prices indices (corresponding period of the previous year = 100) 108 107 10 105 104 103 102 101 100 99 98 % I I 2003 I Mining and quarrying Manufacturing Electricity, gas and water supply Figure 1.2.2. Selected prices of consumer goods and services (corresponding period of the previous year = 100 % 110 105 100 95 I I 2003 I Housing Clothing and footwear Transport Foods and non-alcoholic beverages Communication Alcoholic beverages and tobacco products Health care INFORMATION BULLETIN 12/2003 5

Socio-economic situation of the country 1 Figure 1.2.3. Consumer price indices (December of the previous year = 100) % 110 108 10 104 102 100 98 I I I 2000 2001 2002 2003 At the end of 2003, inflation, as measured by annualised Consumer Price Index (CPI), reached 1.7% (as compared to 0.8% the year before). In the fourth quarter of 2003 the year-onyear rate of consumer price growth amounted to 1.5% as against 0.9% the year before. The growth rate of those prices in 2003 reflected primarily the higher growth in the prices of foods and non-alcoholic beverages (2.1% as against the decline by 2.7% in 2002). The PPI was lower than the year before in housing (3.3% as against 4.7%), healthcare (1.9% in comparison to 3.7%) and transport service (2.9% as against 5.0%). The prices of clothing and footwear decreased at a faster rate than the year before (-3.3% as against -1.2%). In the fourth quarter of 2003 the monthly rate of consumer price rise (month-on-month) reached: 0.% in October, 0.3% in November and 0.2% in December. 1.3. Labour market In the fourth quarter of 2003 the number of employees and the average employment in the enterprise sector continued to fall 2. As at the end of December the number of employees in the enterprise sector fell to 4,827 thousand, i.e. it was down by 3.4% as compared to the of 2002. In the period January-December 2003, the average employment in the enterprise sector stood at 4,724 thousand, i.e. it was down by 3.8% compared with the a year earlier. In comparison to the corresponding period of the previous year the largest fall in employment was observed in construction (-1.1%). At the end of December 2003 the average employment in the enterprise sector decreased to 4,71 thousand, i.e. it was down by 3.5% than the year before. Figure 1.3.1. Number of the unemployed and unemployment rate thousands of persons 3,500 3,000 2,500 2,000 I I I I I I I I 2001 2002 2003 % 19.0 18.5 18.0 17.5 17.0 1.5 1.0 15.5 15.0 I unemployed (left axis) Unemployment rate (right axis) 2 Ibid. Ibid. Footnote 1. N a t i o n a l B a n k o f P o l a n d

Socio-economic situation of the country Since March 2003, the number of the unemployed registered in the employment offices had been on a steady decline until October. By contrast, this category grew in November and in December. In December it reached 3,175.7 thousand people, i.e. went up by 2.5% as compared to the preceding month but was lower by 1.3% as compared to the corresponding period of 2002. In December the highest growth in unemployment (of a seasonal character though) occurred among school leavers. 1 In the fourth quarter of 2003 the increase in the unemployment rate was observed, at the end of December it stood at 18.0% 3. The fourth quarter of 2003 saw 742. thousand newly registered unemployed persons. In the same period 40.2 thousand people were removed from employment offices registers including 295.7 thousand due to received jobs. At the end of December 2003, there were 10.3 thousand job offers available at the employment offices, i.e. 24.2% more than the year before. 1.4. Wages and salaries of employees and social benefits In the fourth quarter of 2003 the average monthly gross real wages and salaries of employees in the sector of enterprises grew at higher rates both in comparison to the corresponding period of 2002 and in comparison to the third quarter of 2003. The purchasing power growth rate of the average retirement pays and pensions from the non-agricultural social security system as well as that of the average retirement pays and pensions of farmers exceeded the reported the year before. The average monthly gross wages and salaries in the sector of enterprises in the period January-December 2003 reached PLN 2,341.53, i.e. they were higher by 2.8% than the year before. In December 2003 the average monthly gross wages and salaries in the enterprise sector reached PLN 2,2.21, i.e. were up by 9.1% on November and up by 5.1% in comparison to the corresponding month of 2002. In the discussed period, the average monthly gross wages and salaries in the sector of enterprises, excluding payments from profit, fluctuated from PLN 2,330.49 in October to PLN 2,58.75 in December. The level reached in December 2003 was up by 9.0% over November and up by 5.1% in comparison to the corresponding month of 2002. In the fourth quarter of 2003 the purchasing power of the average monthly gross wages and salaries in the sector of enterprises was higher by 3.2% than the year before (in comparison to the increase by 0.3% in the corresponding the year before) and up by 5.0% over the third quarter of 2003. In December 2003 the average monthly gross real wages and salaries were in real terms higher by 3.4% as compared to the corresponding period in 2002 and higher by 8.9% than in November. In the period discussed the average number of retirees and pensioners went slightly up to reach 9,209 thousand in December, i.e. was lower by 0.2% than the year before. At the end of the fourth quarter of 2003 the number of people drawing monthly retirement pays and pensions from the nonagricultural social security system went up slightly (by 0.3%) in comparison to the corresponding period of 2002, whilst the number of those drawing from the farmers retirement system decreased by 2.4%. At the end of December 2003 the average monthly gross retirement pays and pensions from the non-agricultural social security system stood at PLN 1,110.47, i.e. were up by.0% in comparison to the corresponding period of 2002 and up by 0.3% over November. In December the average monthly retirement pays and pensions of farmers reached PLN 729.54, i.e. were up by 5.7% in comparison to the corresponding period of the previous year and down by 0.1% over November. 3 As quoted by GUS on 30.01.2004 the registered unemployment rate in Poland was confirmed based on the results of the General National Census of 2002 and on the General Agricultural Census of 2002. The decline in the number of the professionally active people contributes to the increase in the unemployment rate by 2.0 pct point, therefore in December 2003, upon revision, this rate will be 20.0%. INFORMATION BULLETIN 12/2003 7

Socio-economic situation of the country 1 1.5. National Budget Table 1.5.1. Estimated National Budget performance for the period January December 2003 (million PLN) Specification 2003 Budget Act Performance Performance of Budget Act in % Income 155,97.7 152,17.0 97.7 of which: indirect taxes 9,81.2 95,24.4 98.4 corporate income tax 14,394.7 14,212. 1 98.7 personal income tax 27,355.7 25,78.2 1 93.9 revenue of central government institutions 10,508.4 10,834.3 103.1 of which: revenue from customs duty 3,850.0 3,750.1 97.4 other revenue,577.,18.5 94.1 of which: payments from NBP s profits 4,85. 4,80.9 99.9 Expenditure 194,431.7 189,15.2 97.3 of which: domestic debt service 21,42.1 20,378.3 94.2 foreign debt service 5,459.5 3,759.1 8.9 subsidy for the Labour Fund 3,944.0 3,944.0 100.0 subsidy for the Retirement and Disability Fund 15,013.9 15,013.9 100.0 subsidy for the Social Insurance Fund 28,277.0 28,277.0 100.0 general subsidies for local government institutions 31,924.1 31,742.9 99.4 Budget deficit -38,734.0-3,989.2 95.5 1 Income less the shares for December 2003 and transferred in January 2004 -in accordance with the Act on the Local Government Income, in 1999 2003 the shares amount to: in personal income tax PLN 1,080. million in corporate income tax PLN 100.0 million Source: Ministry of Finance s data. In the period January to December 2003, the central government revenue rose by PLN 8. billion than the year before. In comparison to the corresponding period of the previous year, there was higher revenue on the side of indirect taxes, personal income tax, revenue of state budget units and other revenue. The execution of the provisions of the Act in terms of the revenue declined in comparison to the corresponding period of 2002, to reach 97.7% in 2003 as against 98.9% the year before. In the period January December 2003 the central government expenditure was higher than the year before and amounted to PLN 189.2 billion as against PLN 183.0 billion the year before. 97.3% of the amount planned for this year was expended, whilst in the corresponding period of 2002 the execution of the Budget Act was higher by 1.5 pct point. At the end of 2003, central government deficit reached PLN 37.0 billion, i.e. 95.5% of the amount stipulated in the 2003 Budget Act. Central government financed its needs predominantly via the issue of securities. At the end of the year, the revenue from the sale of T-bills reached 359.1% of the amount stipulated in the 2003 Budget Act, whereas that from the sale of bonds amounted to 100.4% of this amount. In 2003 the revenue from privatisation reached PLN 3.0 billion, i.e. 40.0% of the amounts envisaged in the provisions of the Act. 8 N a t i o n a l B a n k o f P o l a n d

The money supply and counterparts to changes in money 2 The money supply and counterparts to changes in money 2 2.1. Structure of the money supply In the fourth quarter of 2003 the money supply increased by PLN 9.2 billion, i.e. by 2.8%, whilst in the period January December 2003 by PLN 18.1 billion (5.%). Save for the decline in the money supply in 2002, the growth in this category in 2003 was the historic low recorded over the last seven years. Since March 2003 the annualised growth rate of the broad aggregate had reached positive yet low values to increase to 5.% in December. The fluctuations in the levels of broad aggregate M3 in the fourth quarter of 2003 were primarily fuelled by such effects as a boost in the deposits of non-financial corporations and the growth in households deposits which happened for the first time after two years. Deposits and other liabilities included in M3, following a period of decline since the end of 2001, had featured a steady growth as from May 2003. In the fourth quarter of 2003 those liabilities grew by PLN 10.1 billion, i.e. by 3.%, to reach PLN 288.4 billion at the end of December. In the examined period movements in deposits and other liabilities included in M3 reflected primarily the growth in zloty liabilities by PLN 8.9 billion (i.e. 3.8%). The growth in foreign currency liabilities by PLN 1.2 billion (i.e. by 2.%) was under a significant restrictive influence of the exchange rate fluctuations. In the fourth quarter of 2003 the highest growth in banking system liabilities 4 both in comparison to other sectors and as against the previous years was reported in those to nonfinancial corporations. Zloty liabilities to this sector grew most (by PLN.2 billion, i.e. 12.2%). The growth in foreign currency liabilities by PLN 1.3 billion (13.0%) was to some extent restricted by the Figure 2.1.1. The annual nominal growth rate of M3 and M1 (corresponding month of the preceding year = 100) % 25 20 15 10 5 0-5 I M3 I I I I I I I 2001 2002 2003 I M1 4 According to the methodology in force as from March 2002, the term banking system was replaced by a wider term monetary financial institutions covering the central bank and other monetary financial institutions (formerly: commercial banks). However, in order to ensure clarity and better understanding, the terms banking system and monetary financial institutions are used interchangeably throughout the report. INFORMATION BULLETIN 12/2003 9

The money supply and counterparts to changes in money Table 2.1.1. Changes in money supply by sectors in the fourth quarter of 2003 2 Monthly growth Quaterly Quaterly Specification 31 growth growth I million zloty million zloty % M3 340,110.8 5,517.1-118. 3,818. 9,217.1 2.8 1. Currency in circulation (excluding vault cash) 49,41.0 547.9 585.3-358.3 774.9 1. 2. Deposits and other liabilities 288,397.9 4,93.3 1,270.7 3,905.3 10,112.3 3. 2.1. Hourseholds 192,443.1 347.0-18. 1,73.7 2,092.0 1.1 2.2. Non-monetary financial institutions 8,941.1 548.9 1,502.1-74.5 1,37.5 18.2 2.3. Non-financial corporations 8,284.3 3,104.8-27.1 4,75.9 7,504. 12.3 2.4. Non-profit institutions serving households 8,57. 107.4 -.5 48.8 89. 1.1 2.5. Local government 8,792.4 93.7 213.2-2,058.9-909.0-9.4 2.. Social security funds 1,30.4-108.4-83.4 150.4-41.5-3.0 3. Other components of M3 2,297.0 33.0-1,974.7 271. -1,70.2-42.1 exchange rate fluctuations. The growth was more significant in deposits and other liabilities with agreed maturity (up by 22.3%) than in the overnight ones (up by 4.5%). The growth in agreed maturity deposits was primarily fuelled by the growth in deposits with the agreed maturity up to one month; in December 2003 it reached 90.%. A significant growth in deposits in the fourth quarter of 2003 (by PLN 7,5 billion, i.e. 12.3%) may be attributable to the growth in export revenue being higher than the growth in the import expenditures. In the fourth quarter of 2003, for the first time in two years, the growth in deposits and other liabilities to households was observed. The growth reflected the increase in zloty deposits by PLN 2.2 billion (i.e. by 1.4%). The foreign currency deposits declined by PLN 0.1 billion (0.3%) mainly due to the exchange rate fluctuations. Exclusive of the exchange rate fluctuations, the deposits would grow by PLN 1.0 billion. The growth in liabilities to households in the last quarter of 2003 to a significant extent reflected the situation in the alternative forms of saving, including the redemption of anti-tax" bonds issued by banks at the end of 2002 and withdrawal of funds from the bond funds by individuals. During the last months of the year, the outflow of funds from investment funds was also observed, e.g. due to the expiry of some anti-tax" funds and withdrawing of funds from the entities investing in bonds due to the revaluation of debt securities. Since the end of 2001, the annualised growth rate of deposits and other liabilities to households had featured declining trends, whereas as from July 2002 the growth indices for this category had showed negative values. In December 2003 the annual growth rate reached 2.0%. The steady decline in the balance of deposits and other liabilities with the agreed maturity up to two years, which had been observed since the end of 2001, did not occur in the fourth quarter of 2003. Contrary to previous periods, this category grew by PLN 4. billion (2.%). The growth primarily reflected the increase in zloty deposits by PLN 4.3 billion (i.e. by 3.0%). The increase in the foreign currency deposits was under a significant limiting influence of the exchange rate fluctuations, exclusive of the fluctuations the growth would amount to PLN 1.1 billion. Deposits grew most in the sector of non-financial corporations, in comparison to the end of September 2003 they grew by PLN.0 billion, i.e. by 22.3% Since March 2002, the for the annualised growth rate had shown negative values (in December 2003, -2.1%). In the fourth quarter of 2003 the low growth rate of the broad money aggregate M3 was accompanied by the intensive growth in the M1 narrow money. A significant growth by PLN.3 billion (4.2%) in the M1 comprising currency in circulation and overnight deposits in the banking system reflected the shift to more liquid counterparts the tendency prevailing for nearly two years 10 N a t i o n a l B a n k o f P o l a n d

The money supply and counterparts to changes in money Table 2.1.2. M3 and counterparts in the fourth quarter of 2003 Specification 31 Monthly growth I million zloty Quaterly growth million zloty Quaterly growth 1. Currency in circulation (excluding vault cash) 49,41.0 547.9 585.3-358.3 774.9 1. 2. Overnight deposits and other liabilities 108,48.7-980.7 4,303.1 2,211.5 5,533.9 5.4 of which: households 57,032.1-50.3 3,045.2 372.8 3,37.7.3 non-financial corporations 35,594.5-909.8-89.0 2,535. 1,53.8 4.5 3. M1 (1+2) 158,04.7-432.8 4,888.4 1,853.2,308.8 4.2 4. Deposits and other liabilities with agreed maturity up to 2 years 179,712.8 5,919.2-3,030.2 1,95.3 4,584.3 2. of which: hourseholds 135,374. 399.5-3,01. 1,392.3-1,29.8-0.9 non-financial corporations 32,89. 4,014. -187.1 2,140.4 5,97.9 22.3 5. Repurchase agreements 0.0 0.0 0.0 0.0 0.0 -. Debt securites issued with maturity up to 2 years 2,297.0 33.0-1,974.7 271. -1,70.2-42.1 7. M3 (5++7) 340,110.8 5,517.1-118. 3,818. 9,217.1 2.8 % 2 in the time structure of money supply. The share of the M1 in the aggregate M3 increased in the fourth quarter of 2003 from 45.9% in September to 4.5% in December. In the fourth quarter of 2003 the growth in currency in circulation (excluding vault cash) reached PLN 0.8 billion and it was the lowest quarterly-measured growth rate in 2003. The growth in currency in that period was limited by the decline in this category by PLN 0.4 billion (0.7%) in December. The list of factors generating the increase in currency in the fourth quarter of 2003 includes the purchase of foreign currency net carried out by the banks from bureaux du change and individuals for the amount of USD 1.9 billion (as against USD 1.2 billion the year before). The growth in currency may also reflect the high volume of retail sales prevailing over all the year. According to GUS, the retail sales effected by trade and non-trade corporations? in December grew by 17.3% as against the year before, compared to 4.9% at the end of 2002. The annualised growth rate of currency all the year stood at a high level to reach 17.1% in December. Over the said period the level of overnight deposits increased by PLN 5.5 billion (i.e. by 5.4%) in the wake of the growth in zloty deposits by PLN 4. billion (5.3%) and in foreign currency deposits by PLN 0.9 billion (5.8%). The growth in foreign currency deposits was under the influence of the exchange rate fluctuations. Exclusive of the fluctuations, this category would grow by PLN 1.4 billion. The most significant growth in overnight deposits was observed in the sector of households (PLN 3.4 billion, i.e..3%) and in the sector of non-financial corporations (PLN 1.5 billion, i.e. 4.5%). 2.2. M3 and counterparts The changes in the M3 and counterparts structure in the fourth quarter of 2003 as compared to the third quarter of 2003 and the corresponding period of 2002 are presented in the Table below. In the discussed period the liabilities were the main source of money creation. By contrast, money absorption reflected the fluctuations in the credit to central government net. 2.2.1. Credit In the fourth quarter of 2003 banking system credit total grew by PLN 4.2 billion (1.%) and it constituted the main money creating factor. The growth in this category reflected the growth by INFORMATION BULLETIN 12/2003 11

The money supply and counterparts to changes in money Table 2.2.0. M3 and counterparts* change 2 Q4 Q3 Q3 Specification 2003 2002 billion zloty % billion zloty % billion zloty % M3 (1+2+3-4+5+) Counterparts: 9.2 100.0 4.3 100.0 1.1 100.0 Money supply counterparts: 1. External assets net 2.2 23. -4.9-114.5-8.2-740.9 2. Credit 4.2 45. 5.9 138.9-2.5-227.8 3. Credit to central government net -4.3-47.1 9. 22.3 5.9 532.0 4. Longer-term financial liabilities 0.0 0.4 1.2 29.1 2.3 204.5 5. Fixed assets (exclusive of financial assets) 0.. 0.5 12.8 1.0 90.7. Other item net. 71.7-5.7-134.4 7.2 50.5 * Following the changes in methodology dating back to March 2002, the counterparts to M3 money supply include longer term financial liabilities (negative) and fixed assets of the banking sector (exclusive of financial assets). Source: NBP s. PLN 3.4 billion (1.3%) in the balance of credits, loans and other credit 5 from other domestic sectors. Zloty loans grew by PLN 5.9 billion (3.3%), whereas foreign currency loans declined by PLN 2.5 billion, i.e. by 3.2%. The exchange rate fluctuations had little effect on the balance of foreign currency deposits in the discussed period. The volume of debt and equity securities purchased by banks and issued by other domestic sectors also included in credit grew by PLN 0.8 billion, i.e. by 7.5% In the fourth quarter of 2003 the annual growth rate of liabilities gained momentum to reach 7.9% in December. In December 2003 the share of liabilities in the broad money reached 79.5% as against 80.5% in September. The highest growth in credit was reported in household loans. Since the beginning of 2003 the share of this category in the structure of total credit was on a steady increase to eventually come to 37.7% in December. In the fourth quarter of 2003 the most pronounced increase occurred in the share of zloty loans (by PLN 3.2 billion (4.5%), foreign currency loans grew by PLN 0.1 billion (0.5%), primarily due to exchange rate fluctuations. Loans raised by Table 2.2.1. The structure of liabilities in the fourth quarter of 2003 Specification Stock as at 31 Change / 2003 Change /I 2002 billion zloty % billion zloty % Credit total 270.4 4.2 1. 19.8 7.9 1. Households 102.0 3.3 3.3 12.2 13. 2. Non-monetary financial institutions 1.0 0.9 5.8 1.3 8.5 3. Non-financial corporations 133.9-2.5-1.9 2.5 1.9 4. Non-profit institutions serving households 0.8-0.1-15.1-0.2-17. 5. Local government 12.9 0.9 7.2 1. 14.0. Social security funds 4.9 1.8 1.0 2.4 99.8 Source: NBP s. 5 The category other credit comprises specially: purchased liabilities, cashed guarantees and warranties, conditional transactions and interest due. Other domestic sectors comprise: non-monetary financial institutions, non-financial sector entities, local government institutions and social insurance funds. 12 N a t i o n a l B a n k o f P o l a n d

The money supply and counterparts to changes in money Figure 2.2.1. Comparison of twelve-month dynamics of growth of foreign currency and zloty loans % 40 35 30 25 20 15 10 5 0-5 I Zloty I I I I 2002 2003 I Currency 2 individuals financed mainly housing purposes, their growth in the fourth quarter of 2003 reached PLN 2.7 billion. Growth in housing loans accounted for 81.% of the total growth in loans for households in the discussed period. Reflecting the narrowing gap of interest rates charged on housing loans in foreign currencies and in the zloty and as a result of exchange rate fluctuations, the zloty loans were growing at higher rates in the last months of the year. What fuelled the higher demand for housing loans was a clear revival on the housing market primarily due to concerns about the increase in the prices of flats with the accession of Poland to the UE (e.g. forecast of increasing the AT rate on construction materials) and lower price and wider availability of the housing loan. Following the stabilisation in the first half of the year, the annualised growth rate of household loans had been on a steady increase in the individual months of the year to reach 13.% in December. Since March 2003, the share of non-financial corporations credit in the total structure of credit has been steadily, though slowly, decreasing to reach 49.5% at the end of December. In the discussed period, the debt of this sector from credits, loans and other liabilities in the banking sector declined by PLN 2.9 billion (2.2%) reflecting the decline in the foreign currency loans by PLN 2.3 billion (5.3%) and zloty loans by PLN 0. billion (0.7%). In the discussed period the influence of exchange rate fluctuations on the trends in foreign currency loans was small, exclusive of those fluctuations the foreign currency loans would decline by PLN 2.0 billion. In the individual months of the fourth quarter of 2003 the annualised growth of non-financial corporations credit run at a low level to reach 3.0% in December. The reasons behind the stagnation of this sector included e.g. the fact that viable companies financed their current business to a significant extent from their own funds and the non-viable ones did the same with their liabilities towards the contractors. The non-viable entities declared more demand for gaining loans to finance investment. Due to the tightening requirements of banks with reference to credit worthiness those enterprises were rejected access to lending. 2.2.2. Credit to central government net Contrary to the third quarter of 2003, credit to central government net was the main money absorbing factor. At the end of December 2003 the credit to central government net reached PLN 70.1 billion, i.e. during the discussed period it declined by PLN 4.3 billion (5.8%). This decrease resulted from: the decline in claims related to debt securities by PLN 3.1 billion (3.5%) accompanied by the growth in those related to loans by PLN 2.2 billion (125.%) (total decline by PLN 0.9 billion, i.e. by 1.0%); growth in banking sector liabilities towards the central government by PLN 3.4 billion (19.2%). INFORMATION BULLETIN 12/2003 13

The money supply and counterparts to changes in money 2 The decisive effect on the credit to central government net was exerted by the growth in the value of funds placed in the central government deposits with the NBP. The highest growth was reported in October and in November 2003 due to placing by the Ministry of Finance of large funds in the zloty deposits with the agreed maturity. In contrast, December saw a decline in the value of deposits, which is typical of this month, primarily due to the termination of zloty deposits by the government. The primary factor which fuelled the augmentation in the credit to central government net was the increase in the banks syndicated loan to the Ministry of Economy, Labour and Social Policy for the Labour Fund. At the same time, the decline by PLN 1. billion was seen in the volume of government debt securities in the banks assets, including the decline in bonds by PLN 0.8 billion and also the decline in T-bills by PLN 0.8 billion. At the end of December 2003, the volume of debt securities issued by the central government in the banking sector reached PLN 87.3 billion, including PLN 8.9 billion in the portfolio of commercial banks. 2.2.3. External assets net At the end of December 2003 external assets net of the banking sector reached PLN 135. billion and they grew by PLN 2.2 billion, i.e. by 1.% as against September. This growth reflected the increase in the external assets by PLN 5.1 billion (2,8%) and the increase in the external liabilities by PLN 3.0 billion (.0%). The growth in the zloty external assets net was under a significant restrictive influence of the exchange rate fluctuations. Exclusive of this category, the growth would have accounted for PLN.9 billion. In USD terms, external assets net reached USD 3.2 billion at the end of 2003, i.e. grew by USD 2.7 billion (8.1%) in comparison to the end of September 2003. The fluctuation in the external assets was the result of the increase in this category by 7.4% in commercial banks and by 13.% at the NBP. Meanwhile, in the fourth quarter of 2003 the fluctuations in the external liabilities of the banking sector were the resultant of the growth in external liabilities by 51.5% in commercial banks accompanied by the decline in this category by 8.5% at the NBP. 2.2.4. Other items (net) In the fourth quarter of 2003 the deficit of other items net declined by PLN. billion, i.e. by 9.8 % to close December with the negative balance of PLN 0.5 billion. The size and direction of change in this category in the discussed period was affected mainly by the remaining assets (net) at the NBP on the liabilities side. The remaining assets (net) at the NBP on the liabilities side declined by PLN 2.1 billion, i.e. by 5.5% and at the end of December 2003 it reached PLN 3.3 billion. This decrease resulted mainly from the decline in the revaluation reserve to cover the effects of exchange rate fluctuations resulting from valuation of foreign currency assets and liabilities as expressed in zloty. Other elements which contributed to the decline in the negative balance of the other net items in the fourth quarter of 2003 included the intra- and inter- bank settlements in other monetary financial institutions which declined by PLN 1.5 billion, i.e. 48.7%, whilst the value of their negative balance reached PLN 1. billion at the end of December 2003. 2.2.5. Fixed assets of banks The value of fixed assets of banks (net of financial assets) at the end of 2003 reached PLN 30.5 billion, i.e. was up by PLN 0. billion (by 2.0%) over the end of the third quarter of 2003. The decreasing twelve-month growth rate continued, and reached 4.5% in December. 2.2.. Longer-term financial liabilities In the fourth quarter of 2003 the balance of longer-term financial liabilities of the banking system showed no change and at the end of December it reached PLN 105.9 billion. The result 14 N a t i o n a l B a n k o f P o l a n d

The money supply and counterparts to changes in money reflected on the one hand the decline in deposits with the agreed maturity over two years by PLN 1.2 billion (5.5%), on the other hand, the growth in the capital and reserves by PLN 1.1 billion (1.3%) and in debt securities with the agreed maturity over two years by PLN 0.1 billion. A quite significant growth in deposits with the agreed maturity over two years was seen in October, the consecutive months saw the decline in this category, including very significant decline in November by PLN 1. billion, i.e. - 7.1%. At the end of December those deposits reached PLN 20. billion. For the first time since October 2003, banks issued debt securities with the agreed maturity over two years, they reached the PLN 0.1 billion at the end of December. 2 INFORMATION BULLETIN 12/2003 15

Monetary policy of the central bank 3 Monetary policy of the central bank 3 3.1. Interest rate The analysis of situation in the external environment of the Polish economy, tendencies in the real sphere, in the sector of public finance and money supply, loan and interest rate, as well as the tendencies in inflation expectations and inflation forecasts pointed to no premises to lower the base interest rates. Therefore, in the fourth quarter of 2003, as in the third quarter, the Monetary Policy Council resolved on keeping the base interest rates at the unchanged level. The interest rate on the products offered by banks to households and to non-financial corporations in the fourth quarter of 2003 showed no material change. This was directly attributable to keeping the level of basic rates of the central bank unchanged in that period. Practically, the interest rates on households deposits did not change, whilst the average interest rate on non-financial corporations deposits increased by 0.2 pct point. The average interest rates on zloty consumers, housing loans and loans for farming purposes showed practically no change. In comparison to the third quarter of 2003, the average growth by 0.2 pct point occurred in the interest rate on loans for non-financial corporations and for entrepreneurs. The most significant change occurred in the category of the remaining loans whose interest rates were on average lower by 0. pct point. It must be explained that the time series of interest rates on zloty loans for the period as from December 2002 to the end of 2003 was reviewed. Previously, the information on the average weighted interest rate on loans was prepared on the basis of data applying to the interest rates quoted by banks, i.e. the starting interest rates for the process of negotiations with the customer. The reviewed series was prepared on the basis of information which included the interests rates agreed for representative products. The verified interest rates refer Figure 3.1.1. Changes in interest rates and in inflation* % 14 12 10 8 4 2 0 I I 2002 I I I 2003 I Rediscount rate Minimum yield on 14-day open market operations Lombard rate Consumer price index * Commencing on 1.2003, the basic open market operations with the 14-day maturity. 1 N a t i o n a l B a n k o f P o l a n d

Monetary policy of the central bank to those customers who were not classified by the bank to the group of increased-risk borrowers. The fluctuations of the average weighted interest rate in both perspectives show that both of the time series consistently reflect the banking system response to the changes in the central interest rates at the NBP. 3.2. Reserve requirement On September 30 th, 2003, the Monetary Policy Council adopted the resolution No. 14/2003 on the change in the reserve requirement for banks from 4.5% to 3.5%. The resolution came into force as of October 1 st, 2003 and was applied starting from the required reserve subject to maintaining until October 30 th, 2003. 3 Under the new provision of the NBP Act, since September 30 th, 2003 the banks may depreciate the accrued required reserve by the equivalent of EUR 500,000 (lump-sum allowance). The foregoing decisions brought the Polish system of reserve requirement to the solutions adopted in the eurozone. The reasons for the implemented changes included the increased liquidity of the banking sector along with the increase in the sector s competitiveness. 3.3. Foreign exchange rates In the fourth quarter of 2003 the average monthly PLN/USD rate at the NBP fluctuated from 3.7879 PLN/1 USD in December to 3.9488 PLN/1 USD in November. The average rate fluctuated in the band from 4.0373 PLN/1 USD on November 4th, 2003 to 3.7373 PLN/1 USD on December 22 nd, 2003. The average monthly exchange rate of the zloty to the euro fluctuated from 4.5895 PLN/1 EUR in October to 4.547 PLN/1 EUR in December. Over the analysed period, the EUR rate fluctuated from 4.5084 PLN/1 EUR on October 13 th, 2003 to 4.7170 PLN/1 EUR on December 31 st, 2003. In the discussed period, as it was in the third quarter, the PLN/USD and PLN/EUR rate significantly reflected the development on the international currencies market, especially on the Eurodollar one. The ratio of the average dollar rate to the average euro rate fluctuated from 1.1422 USD/EUR on the days of November 7 th 9 th, 2003 to 1.211 USD/EUR on December 31 st, 2003. The ratio USD/EUR reported on the last day of the year constituted a record-high level of appreciation of the euro to the dollar in the history of the single currency. The average monthly rate of the euro to the dollar in December stood at 1.2290 the highest Figure 3.3.1. Average PLN against USD and EUR exchange rates and USD/EUR rate in the fourth quarter of 2003 4.8 4.7 4. 4.5 4.4 4.3 4.2 4.1 4.0 3.9 3.8 3.7 PLN 1.1 4.1 7.1 10.1 13.1 1.1 19.1 22.1 25.1 28.1 31.1 3.11.11 9.11 12.11 15.11 18.11 21.11 24.11 27.11 30.11 3.12.12 9.12 12.12 15.12 18.12 21.12 USD/EUR 1.27 1.25 1.23 1.21 1.19 1.17 1.15 1.13 1.11 1.09 1.07 24.12 27.12 30.12 NBP average PLN/USD exchane rate (fixing) NBP average PLN/EUR exchange rate (fixing) USD/EUR (right axis) INFORMATION BULLETIN 12/2003 17

Monetary policy of the central bank level during the last five years. The dollar to the euro rate reflected primarily the development in the American and European economies. The economic situation in the USA deteriorated due to, e.g. growing deficit in the current account. By contrast, in the discussed period the European economy featured improvement in economic situation which came to be seen particularly in the German economy. The investors concerns about the condition of the Polish system of public finance were an additional factor adversely affecting the Polish foreign currency market. 3 3.4. Primary T-bill market The fourth quarter of 2003 saw 13 tenders for T-bills, including 5 in October, 4 in November and 4 in December. The total nominal value of bonds for sale reached PLN 17,200.0 million. The bonds with the agreed maturity of 52 weeks were offered for sale continuously, those of 10 weeks in October, whilst those of 13 weeks in October and in December. In the analysed period bills of 2-, 3-, -, 8-2- and 39-week maturities were not put up for sale. The structure of sale was dominated by the bonds of 52-week maturity, with their share accounting for from 50.7% in October to 100.0% in November. In the period under analysis, the demand declared by bidders totalled PLN 33,871.0 million and in each individual month exceeded the value of bonds offered for sale nearly twofold. The demand for bonds of 52-week maturity fluctuated from 50.9% of the total demand declared at the sales in October to 100.0% in November. Figure 3.4.1. Offer for sale, demand declared by bidders and the sales of Treasury bills at tenders in 2003 million PLN 20,000 18,000 1,000 14,000 12,000 10,000 8,000,000 4,000 2,000 0 I I I.2.0 5.8 5. 5.4 5.2 5.0 4.8 4. Bills offered for sale Sales of bills Demand declared by bidders Yield on T-bills (right axis) Figure 3.4.2. Sales of treasury bills at tenders in 2003 by instruments million PLN 8,000 7,000,000 5,000 4,000 3,000 2,000 1,000 0 I I I 10-week 13-week 2-week 52-week 18 N a t i o n a l B a n k o f P o l a n d

Monetary policy of the central bank Overall, in the fourth quarter of 2003 the volume of bonds sold at their nominal value reached PLN 17,200.0 million, i.e. 100.0% of the bonds offered for sale. The nominal value of individual bill types was as follows 10-week bills PLN 3,500.0 million 13-week bills PLN 300.0 million 52-week bills PLN 13,400.0 million The sale value of T-bills sold at their nominal value in the period discussed was up by 77.3% in comparison to the corresponding period of last year. In the fourth quarter of 2003 the average weighted yield on all bills offered for sale fluctuated from 5.27% in October to.12% in December and at the end of December it was up by 1.15 pct point over the end of the third quarter of 2003. The highest yield, -.14% - was provided to investors by 52-week bills purchased in December. 3 In the fourth quarter of 2003 the volume of T-bills sold at tenders and outstanding fluctuated from PLN 4,47.2 million in October to PLN 45,05.5 million in December. The level at the end of December increased by PLN 3,759.0 million in comparison to the end of September 2003. 3.5. Open market operations The fourth quarter of 2003 saw 13 tenders for money T-bills, including 5 in October, 4 in November and 4 in December. Bills of 14-day maturities were offered for sale, their total nominal value amounted to PLN 38,000.0 million. In the period discussed the demand declared by investors totalled PLN 8,37.7 million. Each month, it by far exceeded the sale offer. Overall in the fourth quarter of 2003 the sale of bills at the nominal prices was PLN 35,00.0 million, i.e. 93.7% of the volume of bills offered for sale In the period under analysis the average weighted monthly yield on the purchased bills stood at a stable level of 5.25%. At the end of the fourth quarter of 2003 the volume of money bills from tender and outstanding reached PLN 5,987.8 million, i.e. went down by PLN 2,494.9 million over the end of the third quarter 2003. Figure 3.5.1. Offer for sale, demand declared by bidders and the sales as well as the yield on 14-day NBP money-market bills in 2003 (at the nominal value) million PLN 70,000 0,000 50,000 40,000 30,000 20,000 10,000 % 7.0.5.0 5.5 0 I I I 5.0 2003 Bills offered for sale Demand declared by bidders Sale of bills Yield on NBP bills (right axis) INFORMATION BULLETIN 12/2003 19

Principal decisions of the Monetary Policy Council 4 Principal decisions of the Monetary Policy Council 1. resolution No. 17/2003 of December 1 th, 2003 on the principles of establishing and dissolution of reserves for covering the risk of the exchange rate of the zloty to foreign currencies at the National Bank of Poland. 4 20 N a t i o n a l B a n k o f P o l a n d

Balance of payment on a cash basis information 5 Balance of payment on cash basis information In this issue of NBP s Information Bulletin the data on the monthly balance of payments on a cash basis were published for the last time. In 2003 the National Bank of Poland launched compiling the monthly balance of payments on a transaction basis. Publishing the quarterly balance of payments brings the NBP into conformity with the standards of balance of payments statistics in force in the Member States of the European Union. The NBP s web site presents quarterly balances of payments beginning from the first quarter of 2000. The quarterly balances of payments will be compiled a quarter after closing the reporting period. Meanwhile, the comments on a quarterly balance of payments will be published five months from closing the reporting period. Textual information referring to data of the fourth quarter 2003 will be published in the Information Bulletin 3/04. 5 INFORMATION BULLETIN 12/2003 21

Statistical Appendix Statistical Appendix 22 N a t i o n a l B a n k o f P o l a n d

Statistical Appendix Tables.1. Tables Table 1. Basic Economic Data 1. Industrial output 2. Construction output 3. Consumer Price Index 4. Producer Price Index I 1999 I I I 2000 I I I 2001 I I I 2002 I I I I current prices constant prices the same month previous year = 100 previous month = 100 current prices constant prices the same month previous year = 100 previous month = 100 the same month previous year = 100 % previous month = 100 December previous year = 100 the same month previous year = 100 previous month = 100 million zloty % % million zloty % % % % % % 1 2 3 4 5 7 8 9 10 11 27,892.8 94.9 89.1 2,322.2 104.0 45.2 10.9 101.5 101.5 103.9 100.4 27,991.9 94.4 99. 2,477.5 9.9 105.7 105. 100. 102.1 103.7 100. 34,280.9 103.5 122.0 2,970.8 101.1 119.0 10.2 101.0 103.1 104.7 101.1 31,995.2 100.3 93.0 3,292.5 102.5 109.9 10.3 100.8 103.9 105.0 100. 32,08.1 102.3 101.3 3,9.4 104.2 110.8 10.4 100.7 104. 105.2 100.5 32,555.4 101.0 100.0 4,035.9 104.9 109. 10.5 100.2 104.8 105.2 100.1 32,12.2 101.5 98.1 4,027.4 99.5 99.3 10.3 99.7 104.5 105.5 100.5 33,812.7 107.4 104.9 4,311.1 104.2 10.3 107.2 100. 105.1 105.9 100.9 37,128.9 108.9 109.5 4,733.2 105.2 108.8 108.0 101.4 10. 10.2 100.9 37,48.8 109.2 100.3 4,979. 99.8 104.3 108.7 101.1 107.8 10.8 100.8 37,542.9 115.9 99.1 4,10.4 105.9 81.8 109.2 100.9 108.8 107.5 100.7 40,17.0 119.1 105.7,191.7 112.3 149.3 109.8 100.9 109.8 108.1 100. 31,523.7 107.9 81.0 2,442. 104.5 42.3 110.1 101.8 101.8 108.2 100.5 34,121.7 11.3 107.2 2,21.8 105.5 10. 110.4 100.9 102.7 108.1 100.5 38,03.8 10.8 111.5 3,108.9 104.3 117.7 110.3 100.9 103. 107.3 100.4 35,222.9 105.5 91.9 3,138.5 94.7 100.2 109.8 100.4 104.0 107.4 100.7 38,147.5 112.3 107.9 3,91.8 99.3 11. 110.0 100.7 104.7 107.9 100.9 38,995.1 113.5 101.3 4,149.5 101.1 111.4 110.2 100.8 105.5 108.9 101.0 3,453.7 107.8 93.1 3,975.0 97.0 95.3 111. 100.7 10.2 109.0 100. 38,894. 109.3 10.1 4,279.5 97.8 107.0 110.7 99.7 105.9 108.4 100.4 41,133.7 105.0 105.0 4,588.2 9.2 10.9 110.3 101.0 107.0 108.3 100.8 42,205. 107.2 102.2 4,914.8 98.3 10.5 109.9 100.8 107.8 108.0 100. 40,995.9 104. 9.7 4,05.7 98.7 82.2 109.3 100.4 108.2 107.2 100.0 40,458.2 97.8 98. 5,758.1 93.1 140.3 108.5 100.2 108.5 105. 99.1 3,0.7 110.7 91.7 2,354.0 90.2 40.7 107.4 100.8 100.8 104.7 99.7 35,592. 100.0 9.1 2,539. 90.9 107.4 10. 100.1 100.9 104.1 99.9 40,834. 103.2 114.7 3,01.5 91.4 118.2 10.2 100.5 101.4 103.8 100.2 37,800.2 103.8 92.4 2,938.7 89.2 97.1 10. 100.8 102.2 103.4 100.2 38,829.2 99. 103.0 3,404.8 88.1 115.3 10.9 101.1 103.3 102.3 100.0 37,428.3 95.3 9.8 3,877.1 89.9 113.7 10.2 99.9 103.2 100.9 99. 37,171.9 101.5 99.0 3,94.9 89. 95.0 105.2 99.7 102.8 100. 100.3 39,539.8 100.9 105.7 3,80.9 8.0 102.7 105.1 99.7 102.5 100.1 100.8 39,873.3 9.3 100.3 4,21.8 89.0 110.7 104.3 100.3 102.8 100.7 100.5 42,78.1 1,018.0 107.8 4,51.8 90.0 107.8 104.0 100.4 103.2 99.5 99.4 40,32.3 99.0 94.5 3,74. 90.2 82.3 103. 100.1 103.3 99.0 99.4 38,82.0 95.2 95.7 5,28.2 89.4 139. 103. 100.2 103. 99. 99.7 3,93.1 98. 95.0 1,887.7 78.7 35.8 103.4 100.8 100.8 100.0 100.1 35,90.7 100.2 97.7 2,230.5 8.4 118.2 103.5 100.1 101.0 100.2 100.2 39,807.4 9.9 110.8 2,34.8 85. 117.9 103.3 100.2 101.2 100.3 100.2 38,089. 100.3 95. 2,803.1 93.8 10.3 103.0 100.5 101.7 100.4 100.3 37,429.1 95.8 98.3 3,119.8 90. 111. 101.9 99.8 101.5 100.5 100.1 38,48.2 102.1 103.2 3,412.1 8.9 109.1 101. 99. 101.1 101.2 100.2 39,832.0 105.7 102. 3,597.4 9.0 105.2 101.3 99.5 100. 101.7 100.8 39,581.5 98.9 98.8 3,540.9 92.0 98.4 101.2 99. 100.2 101.3 100.4 42,875.1 10. 108.1 3,993.7 93.9 112.9 101.3 100.3 100. 101.1 100.3 44,839. 103.2 104.4 4,190.2 91.2 105.0 101.1 100.3 100.9 101.7 100.0 42,187.8 103.1 94.4 3,41.8 91.4 82.8 100.9 99.9 100.8 101.7 99.5 41,41.1 105.2 97.5 4,738.4 89. 137.1 100.8 100.1 100.8 102.2 100.1 38,831.3 103.3 93.3 1,73.4 89.1 35.5 100.5 100.4 100.4 102.5 100.4 38,514.8 104.3 98. 1,82. 7.0 100.7 100.5 100.1 100.5 102.9 100. 43,309.3 105.5 112.1 1,950.9 74.7 11.1 100. 100.3 100.8 103. 100.9 42,274.5 108.5 98.4 2,39.0 8.5 123.0 100.3 100.2 101.0 102.7 99.4 42,433.2 111.7 101.3 2,879.5 93.1 120.2 100.4 100.0 101.0 102.0 99.4 42,349.4 107.9 99. 3,339.2 98.8 115.9 100.8 99.9 100.8 102.0 100.3 44,14.4 110.3 104.8 3,14.4 101.7 108.3 100.8 99. 100.5 101.9 100.7 42,507.5 105.9 94.9 3,394.1 97.0 94.0 100.7 99. 100.1 101.8 100.3 48,301.1 110.9 113.2 3,793.7 9.2 112.0 100.9 100.5 100. 102.1 100.5 51,429. 112.1 105.5 3,932.1 95.1 103.8 101.3 100. 101.2 102.7 100.7 47,13.5 109.2 91.9 3,241.9 95.0 82. 101. 100.3 101.5 103.7 100.4 48,07.4 114.0 101.9 4,43.1 99.4 143.3 101.7 100.2 101.7 103.7 100.1 INFORMATION BULLETIN 12/2003 23

Statistical Appendix Tables Table 1. Basic Economic Data, cont. I 1999 I I I 2000 I I I 2001 I I I 2002 I I I I 5. Construction Price Index the same month previous year = 100 previous month = 100. Number 7. Average of employed, employment, corporate corporate sector sector total total 8. Number of unemployed 9. Unemployment rate 10. Average monthly employee earnings, gross, corporate sector 11. National Budget revenue & expenditure financial surplus/deficit revenue expenditure and net foreign lending/ borrowing % % thousands thousands thousands % zloty million zloty million zloty million zloty 12 13 14 15 1 17 18 19 20 21 109.9 101.7,010.0 5,835.0 2,04.8 11.4 1,59.9 9,481. 11,940.1-2,484.1 109.4 100.9 5,998.0 5,818.0 2,14. 11.9 1,25.95 17,334. 24,0.3-7,381.5 109.0 100.7 5,988.0 5,808.0 2,170.4 12.1 1,741.0 27,747.8 3,47.0-9,44.2 108. 100.5 5,983.0 5,799.0 2,122.2 11.8 1,779.84 37,79. 4,732. -9,718.3 108.4 100. 5,94.0 5,779.0 2,073.1 11. 1,7. 4,828.1 57,043.4-11,047.3 108.1 100.3 5,90.0 5,771.0 2,074.0 11. 1,82.0 5,532.9 7,852.9-12,187.8 107.8 100.3 5,93.0 5,748.0 2,11.4 11.8 1,852.47 5,848.7 78,392. -13,110. 107.8 100. 5,935.0 5,747.0 2,143. 11.9 1,823.29 7,798.7 88,937.2-12,77.8 108.2 100.9 5,92.0 5,735.0 2,177.8 12.1 1,874.91 88,95.3 100,235.3-12,90.8 108.3 100.7 5,938.0 5,738.0 2,18.8 12.2 1,881.13 100,585.7 112,43. -13,593.7 108. 100. 5,908.0 5,723.0 2,257.3 12.5 1,94.14 112,409.5 124,492.9-13,04.2 108.9 100.8 5,84.0 5,79.0 2,349.8 13.1 2,18.03 125,922.2 138,401.2-13,27.3 107.7 100. 5,480.0 5,319.0 2,47.1 13.7 1,882.38 10,914.1 12,038. -1,183.4 107.5 100. 5,477.0 5,31.0 2,525.8 14.0 1,92.10 20,240.9 24,992.2-4,819.9 107.7 100.9 5,471.0 5,308.0 2,531.7 14.0 1,992.35 30,949.7 37,877.1-5,50.5 108.3 101.1 5,44.0 5,301.0 2,487.9 13.8 2,07.25 40,954.2 49,737.2-7,513.4 108.4 100.7 5,42.0 5,292.0 2,445.4 13. 1,987.94 51,71.7 1,809.1-8,834.4 108.8 100.7 5,43.0 5,295.0 2,437.4 13. 2,049.04 4,244.2 74,894.4-9,517.1 108.9 100.4 5,449.0 5,284.0 2,477. 13.8 2,035.55 74,819. 8,109.9-11,093.3 108.7 100.5 5,434.0 5,271.0 2,49.2 13.9 2,051.17 8,171.7 99,173.8-12,945.7 108.1 100.2 5,438.0 5,270.0 2,528.8 14.0 2,088.31 97,880.7 111,922. -15,321.8 107.8 100.5 5,444.0 5,274.0 2,547.7 14.1 2,088.54 110,430.9 125,951.5-20,419.0 107. 100.4 5,410.0 5,247.0 2,13.1 14.5 2,10.45 122,958. 137,855.9-19,743. 10.9 100.2 5,337.0 5,199.0 2,702. 15.1 2,350.12 135,3.9 151,054.9-20,410.8 10.8 100.4 5,349.0 5,184.0 2,835. 15.7 2,09.29 11,590.9 1,83.4-4,279.4 10.5 100.5 5,359.0 5,189.0 2,87.9 15.9 2,074.91 20,92.0 32,941.4-9,503.7 105.8 100.2 5,341.0 5,170.0 2,898.7 1.1 2,149.13 31,23.1 4,15. -13,019.0 105.0 100.3 5,32.0 5,15.0 2,878.0 1.0 2,175.55 42,510.4 0,792.3-17,17. 104.4 100.3 5,309.0 5,135.0 2,841.1 15.9 2,13.44 52,43.1 73,027.2-19,270.4 103.9 100.1 5,29.0 5,121.0 2,849.2 15.9 2,148.44 7,729.7 8,535.2-17,818. 103. 100.1 5,274.0 5,097.0 2,871.5 1.0 2,198.50 78,93.7 98,279.3-18,791.4 103.4 100.2 5,248.0 5,074.0 2,892. 17.9 2,192.41 90,330.9 111,22.5-20,38.4 103.2 100.1 5,233.0 5,00.0 2,920.4 18.1 2,217.55 102,775.5 124,40.5-23,441.1 102.8 100.1 5,221.0 5,044.0 2,944.3 18.2 2,252.1 115,520.0 140,259.4-25,959.0 102.3 99.9 5,188.0 5,020.0 3,022.4 18.7 2,302.4 127,819.4 155,470.0-38,849.1 102.3 100.1 5,094.0 4,952.0 3,115.1 19.4 2,474.11 140,52.9 172,885.2-43,70.8 102.2 100.2 5,118.0 4,940.0 3,253.3 20.1 2,187.7 10,250.3 17,213.5-7,020.7 102.0 100.2 5,112.0 4,931.0 3,277.9 20.2 2,189.14 20,997.9 34,5. -13,723.9 102.0 100.2 5,105.0 4,924.0 3,259.9 20.1 2,252.19 31,275.3 47,712.1-1,892. 101.7 100.1 5,089.0 4,907.0 3,203. 19.9 2,22.45 43,373.3 3,284.1-18,102.0 101.2 99.8 5,080.0 4,89.0 3,04. 19.2 2,254.83 53,537.9 7,522.4-21,21. 101.3 100.2 5,078.0 4,898.0 3,090.9 19.4 2,232.05 5,111.0 90,033.5-23,179.0 101.3 100.1 5,04.0 4,883.0 3,105.3 19.4 2,288.90 79,833.1 105,429.9-21,41.5 101.1 100.0 5,055.0 4,87.0 3,105. 19.5 2,252.72 91,929.9 119,209.5-23,320.3 100.8 99.9 5,049.0 4,84.0 3,112. 19.5 2,301.92 104,392.2 133,538.9-25,901.0 100.7 99.9 5,054.0 4,870.0 3,108.1 19.5 2,23.31 117,520.4 151,577.4-30,733. 100. 99.8 5,042.0 4,82.0 3,150.8 19.7 2,343.45 130,473.9 17,54.7-33,724.4 100.4 99.9 4,999.0 4,839.0 3,217.0 20.0 2,532.41 143,519.8 182,922.4-35,954. 99.7 99.5 4,917.0 4,73.0 3,320. 20. 2,24.51 11,5.3 15,704.3-4,128.3 99.4 99.9 4,925.0 4,741.0 3,344.2 20.7 2,235.54 22,254. 33,891.4-9,403.3 99.1 99.9 4,915.0 4,728.0 3,321.0 20. 2,27.57 33,39.9 48,827.0-13,258.4 98.9 99.9 4,912.0 4,72.0 3,24.1 20.3 2,320.8 4,475.0 4,429.0-15,737.5 99.2 100.0 4,914.0 4,723.0 3,159. 19.8 2,254.40 5,710.3 79,927.9-21,191.7 99.0 100.1 4,915.0 4,722.0 3,134. 19.7 2,301.00 71,903.3 95,721.7-22,021.3 98.8 99.9 4,914.0 4,722.0 3,123.0 19. 2,342.71 84,531. 112,18.7-24,950.0 98.8 99.9 4,90.0 4,718.0 3,099.1 19.5 2,295.08 9,295.1 125,857.4-2,955.8 98.7 99.8 4,904.0 4,711.0 3,073.3 19.4 2,353.11 109,297.0 142,383.1-33,878.1 98. 99.8 4,905.0 4,715.0 3,058.2 19.3 2,331.08 123,345.2 158,173. -32,128.4 98. 99.8 4,884.0 4,701.0 3,09.9 19.5 2,439.59 137,323.4 172,805.2-32,038. 98. 99.9 4,827.0 4,71.0 3,175.7 20.0 2,2.21 152,0.1 189,177.0-30,555.3 24 N a t i o n a l B a n k o f P o l a n d

Statistical Appendix Tables Table 1. Basic Economic Data, cont. I 1999 I I I 2000 I I I 2001 I I I 2002 I I I I total revenues of which: sales of goods & services total operating costs of which: cost of sales pre-tax profit/loss 12. Corporate financial performance statutory deductions net profit/loss cost to sales ratio total current assets accounts receivable and associated claims accounts payable million zloty million zloty million zloty million zloty million zloty million zloty million zloty % % % million zloty million zloty million zloty 22 23 24 25 2 27 28 29 30 31 32 33 34.......................... 17,347.3 107,842.3 177,74. 109,828.0 1,744. 2,574.8-830.2 99.1-0.5 80. 219,281.3 92,272.8 85,012.0.......................... 372,93.2 229,190.7 37,144.9 230,800.9 5,850.2 5,193.3 5.9 98.5 0.2 78.4 22,993.7 9,518.7 90,438.3.......................... 581,225.9 351,88.5 573,87.1 358,541.9 8,013.7 7,75.2 248. 98.7. 78.1 243,100.9 103,98.5 97,785.4.......................... 822,912.1 497,20.4 815,201. 507,095.9 8,798.4 10,414.4-1,1.0 99.1-0.2 74.8 25,019.1 107,347. 111,435.3.......................... 20,510. 125,985.3 202,204.9 127,401.8 4,377.5 2,859.3 1,518.2 97.9 0.7 77.8 25,580.1 108,73.3 103,251........................... 441,89.9 29,21.2 433,35.8 272,829.1 8,175.2 5,421.9 2,753.3 98.2 0. 78.3 273,409.9 118,344.0 109,28.8.......................... 84,44.9 415,99.9 9,17.7 421,599.8 14,952.7 8,559.,393.1 97.8 0.9 79.7 288,270.2 124,080.1 113,545.2.......................... 952,520.3 571,044.5 934,392.2 584,134. 18,37.9 12,159.9,217.1 98.1 0.7 74.3 292,251. 123,98.1 123,702.5.......................... 221,130.7 135,18.7 218,49.8 139,15.2 2,19. 2,35.3-15.8 98.8 0.0 7. 283,789.8 117,504.3 109,01.3.......................... 45,350.9 27,328.3 450,594. 285,439.9 5,828.8 4,810. 1,018.1 98.7 0.2 7.3 28,23.0 120,454. 112,427.4.......................... 98,138.3 420,351.7 88,328.2 432,779.5 9,8.3 7,17.8 2,89.4 98. 0.4 78.0 295,390.5 12,887.5 117,38.4.......................... 95,074. 575,511.2 958,785.7 595,100.2,3.4 8,919.8-2,553.3 99.3-0.3 7. 297,0.2 125,455.5 123,974.5.......................... 220,773.3 137,058.1 21,281. 140,027.9 4,518.0 2,793.7 1,724.3 98.0 0.8 74.9 273,779.5 121,534.4 113,40........................... 450,44. 278,344.4 444,348. 285,48.3,358.1 4,812.1 1,54.0 98. 0.3 7.4 281,188. 125,27.9 118,113.2.......................... 94,332.2 429,305.1 83,92.8 438,45.5 10,553.7 7,43.9 3,11.8 98.5 0.4 77.3 285,790.8 127,988. 121,472.8.......................... 92,823. 591,91. 955,745.3 0,89.0 7,312.4 9,271.8-1,959.5 99.3-0.2 72.9 290,409.0 12,997. 130,520.7.......................... 238,7.1 14,82.1 232,450.8 147,184.9,30.9 3,158.9 3,147.9 97.4 1.3 79.2 291,10.1 128,899.0 124,094.4.......................... 499,547.4 30,422.2 484,495. 307,899.8 15,047.2,241.2 8,80.0 97.0 1.8 80.5 298,815.2 132,95. 127,879.1.......................... 775,051.3 474,852.4 750,475. 47,880.3 24,57.2 9,443.1 15,133.1 9.8 2.0 84.4 309,281.4 137,017.3 131,710.5.......................... 1,080,01.7 59,087.0 1,050,71.7 1,952.8 30,17.0 12,188.5 17,987.4 97.2 1.7 84.3 317,484.5 13,14.8 139,772.5 net margin quick liquidity ratio INFORMATION BULLETIN 12/2003 25

Statistical Appendix Tables Table 2. Financial Market Basic Information 1. NBP interest rates 2. Reserve requirement Reserve Reserve requirement ratio required reserves held requirement ratio on foreign currency deposits on zloty deposits (zloty equivalent) of which: demand time demand time Lombard rate Rediscount rate Refinancing rate Deposit rate Minimum yield on 14-day open market operations (reverse repo rate)* current account declared vault cash I 1999 I I I 2000 I I I 2001 I I I 2002 I I I I % % % % % % % % % million zloty million zloty million zloty 1 2 3 4 5 7 8 9 10 11 12 17.0 15.5 17,0/18,0. 13.0 20.0 11.0 5.0 5.0 21,271.1 19,157.8 2,113.4 17.0 15.5 17,0/18,0. 13.0 20.0 11.0 5.0 5.0 22,314.1 20,124.9 2,189.2 17.0 15.5 17,0/18,0. 13.0 20.0 11.0 5.0 5.0 23,23.9 21,381.9 2,242.0 17.0 15.5 17,0/18,0. 13.0 20.0 11.0 5.0 5.0 23,881.4 21,597.2 2,284.2 17.0 15.5 17,0/18,0. 13.0 20.0 11.0 5.0 5.0 24,083.8 21,774.9 2,308.8 17.0 15.5 17,0/18,0. 13.0 20.0 11.0 5.0 5.0 23,942.3 21,44.7 2,297. 17.0 15.5 17,0/18,0. 13.0 20.0 11.0 5.0 5.0 23,942.3 21,44.7 2,297. 17.0 15.5 17,0/18,0. 13.0 20.0 11.0 5.0 5.0 24,554.7 22,213.8 2,340.8 17.0 15.5 17,0/18,0. 14.0 5.0 5.0 5.0 5.0 9,95.0 8,972.8 983.2 17.0 15.5 17,0/18,0. 14.0 5.0 5.0 5.0 5.0 9,95.0 8,972.8 983.2 20.5 19.0 20,5/21,5. 1.5 5.0 5.0 5.0 5.0 10,07.2 9,074.0 1,002.2 20.5 19.0 20,5/21,5. 1.5 5.0 5.0 5.0 5.0 10,07.2 9,074.0 1,002.2 20.5 19.0 20,5/21,5. 1.5 5.0 5.0 5.0 5.0 10,31.9 9,59.5 1,02.3 21.5 20.0 21,5/22,5. 17.5 5.0 5.0 5.0 5.0 10,512.1 9,457.9 1,054.2 21.5 20.0 21,5/22,5. 17.5 5.0 5.0 5.0 5.0 10,58.3 9,508.3 1,059.9 21.5 20.0 21,5/22,5. 17.5 5.0 5.0 5.0 5.0 10,58.3 9,508.3 1,059.9 21.5 20.0 21,5/22,5. 17.5 5.0 5.0 5.0 5.0 10,842.2 9,752.4 1,089.8 21.5 20.0 21,5/22,5. 17.5 5.0 5.0 5.0 5.0 11,370.9 10,259.1 1,111.7 21.5 20.0 21,5/22,5. 17.5 5.0 5.0 5.0 5.0 11,33. 10,497.7 1,135.9 23.0 21.5 23,0/24,0. 19.0 5.0 5.0 5.0 5.0 11,740. 10,594. 1,14.0 23.0 21.5 23,0/24,0. 19.0 5.0 5.0 5.0 5.0 11,740. 10,594. 1,14.0 23.0 21.5 23,0/24,0. 19.0 5.0 5.0 5.0 5.0 11,939.9 10,770.5 1,19.4 23.0 21.5 23,0/24,0. 19.0 5.0 5.0 5.0 5.0 12,240.3 11,030.9 1,209.4 23.0 21.5 23,0/24,0. 19.0 5.0 5.0 5.0 5.0 12,240.3 11,030.9 1,209.4 23.0 21.5 23,0/24,0. 19.0 5.0 5.0 5.0 5.0 11,737.2 10,504. 1,232. 23.0 21.5 23,0/24,0. 19.0 5.0 5.0 5.0 5.0 11,735.9 10,505.7 1,230.2 21.0 19.5 21,0/22,0. 17.0 5.0 5.0 5.0 5.0 11,735.9 10,505.7 1,230.2 21.0 19.5 21,0/22,0. 17.0 5.0 5.0 5.0 5.0 12,083.0 10,81.2 1,2.8 21.0 19.5 21,0/22,0. 17.0 5.0 5.0 5.0 5.0 12,229.7 10,947.7 1,282.0 19.5 18.0 19,5/20,5. 15.5 5.0 5.0 5.0 5.0 12,229.7 10,947.7 1,282.0 19.5 18.0 19,5/20,5. 15.5 5.0 5.0 5.0 5.0 12,40.7 11,157.1 1,303. 18.5 17.0 18,5/19,5. 14.5 5.0 5.0 5.0 5.0 12,72.8 11,404.4 1,322.4 18.5 17.0 18,5/19,5. 14.5 5.0 5.0 5.0 5.0 12,72.8 11,404.4 1,322.4 17.0 15.5 17,0/18,0. 13.0 5.0 5.0 5.0 5.0 13,005.1 11,50.2 1,354.9 15.5 14.0 15,5/1,5. 11.5 5.0 5.0 5.0 5.0 13,14.8 11,777.9 1,38.9 15.5 14.0 15,5/1,5 7.5 11.5 5.0 5.0 5.0 5.0 13,8.4 12,288. 1,379.8 13.5 12.0 13,5/14,5.5 10.0 5.0 5.0 5.0 5.0 14,500.0 13,111.0 1,388.9 13.5 12.0 13,5/14,5.5 10.0 4.5 4.5 4.5 4.5 13,200.9 13,200.9. 13.5 12.0 13,5/14,5.5 10.0 4.5 4.5 4.5 4.5 13,200.9 13,200.9. 12.5 11.0 12,5/13,5.5 9.5 4.5 4.5 4.5 4.5 12,927.3 12,927.3. 12.0 10.5 12,0/13,0.0 9.0 4.5 4.5 4.5 4.5 12,915.2 12,915.2. 11.5 10.0 11,5/12,5 5.5 8.5 4.5 4.5 4.5 4.5 12,915.2 12,915.2. 11.5 10.0 11,5/12,5 5.5 8.5 4.5 4.5 4.5 4.5 13,059.2 13,059.2. 10.5 9.0 10,5/11,5 5.5 8.0 4.5 4.5 4.5 4.5 13,059.2 13,059.2. 10.0 8.5 10,0/11,0 5.0 7.5 4.5 4.5 4.5 4.5 13,148.3 13,148.3. 9.0 7.75 9,0/10,0 5.0 7.0 4.5 4.5 4.5 4.5 13,114. 13,114.. 8.75 7.50 8,75/9,75 4.75.75 4.5 4.5 4.5 4.5 13,114. 13,114.. 8.75 7.50 8,75/9,75 4.75.75 4.5 4.5 4.5 4.5 13,038.8 13,038.8. 8.50 7.25 8,50/9,50 4.50.50 4.5 4.5 4.5 4.5 13,02.3 13,02.3. 8.00.75 8,0/9,0 4.50.25 4.5 4.5 4.5 4.5 13,059.0 13,059.0. 7.75.50 7,75/8,75 4.25.00 4.5 4.5 4.5 4.5 13,073.9 13,073.9. 7.25.25 7,25/8,25 4.25 5.75 4.5 4.5 4.5 4.5 13,223.7 13,223.7. 7.00.00 7,00/8,00 4.00 5.50 4.5 4.5 4.5 4.5 13,223.7 13,223.7..75 5.75,75/7,75 3.75 5.25 4.5 4.5 4.5 4.5 13,197.1 13,197.1..75 5.75,75/7,75 3.75 5.25 4.5 4.5 4.5 4.5 13,321.1 13,321.1..75 5.75,75/7,75 3.75 5.25 4.5 4.5 4.5 4.5 13,321.1 13,321.1..75 5.75,75/7,75 3.75 5.25 4.5 4.5 4.5 4.5 12,483.0 12,483.0..75 5.75,75/7,75 3.75 5.25 3.5 3.5 3.5 3.5 9,00.0 9,00.0 0.0.75 5.75,75/7,75 3.75 5.25 3.5 3.5 3.5 3.5 9,00.0 9,00.0 0.0.75 5.75,75/7,75 3.75 5.25 3.5 3.5 3.5 3.5 10,220.2 10,220.2 0.0 * 28 -day operation till December 2002, 14 -day operation from January 2003. 2 N a t i o n a l B a n k o f P o l a n d

Statistical Appendix Tables Table 2. Financial Market Basic Information, cont. 3. Treasury bill tenders Face value of bills offered for sale Number of tenders during month of which: 2-week 3-week -week 8-week 10-week 13-week 2-week 39-week 52-week I 1999 I I I 2000 I I I 2001 I I I 2002 I I I I million zloty million zloty million zloty million zloty million zloty million zloty million zloty million zloty million zloty million zloty 13 14 15 1 17 18 19 20 21 22 23 4 3,00.00... 0.00. 800.00 00.00 0.00 2,200.00 4 2,00.00... 200.00. 500.00 200.00 0.00 1,700.00 5,700.00... 400.00. 1,200.00 1,200.00 0.00 3,900.00 4 4,000.00... 0.00. 900.00 500.00 0.00 2,00.00 5 3,800.00... 0.00. 1,000.00 800.00 0.00 2,000.00 4 2,00.00... 0.00. 700.00 00.00 0.00 1,300.00 4 2,400.00... 300.00. 800.00 00.00 0.00 700.00 5 2,100.00... 400.00. 900.00 200.00 0.00 00.00 4 1,900.00... 0.00. 800.00 0.00 0.00 1,100.00,200.00 1,500.00. 300.00 00.00. 800.00 0.00 2,500.00 500.00 5 7,300.00 0.00 2,800.00 400.00 0.00. 700.00 1,200.00 0.00 2,200.00 4,350.00 0.00 0.00 1,800.00 00.00. 1,100.00 1,150.00 0.00 1,700.00 5 5,300.00 0.00 0.00 0.00 0.00. 400.00 300.00 0.00 4,00.00 4 4,000.00 0.00 0.00 0.00 0.00. 400.00 00.00 0.00 3,000.00 4 3,00.00 0.00 0.00 0.00 0.00. 400.00 400.00 0.00 2,800.00 4 2,700.00 0.00 0.00 0.00 0.00. 400.00 500.00 0.00 1,800.00 4 2,400.00 0.00 0.00 0.00 0.00. 00.00 300.00 0.00 1,500.00 5 4,400.00 0.00 2,000.00 0.00 0.00. 400.00 0.00 0.00 2,000.00 7,500.00 1,500.00 2,000.00 0.00 300.00. 700.00 0.00 0.00 2,000.00,00.00 0.00 2,500.00 2,700.00 0.00. 300.00 200.00 0.00 900.00 7,400.00 4,800.00 1,200.00 0.00 0.00. 00.00 0.00 0.00 800.00 4 1,200.00 0.00 0.00 0.00 0.00. 400.00 0.00 0.00 800.00 4 1,400.00 0.00 0.00 0.00 0.00. 100.00 200.00 0.00 1,100.00 4 1,700.00 0.00 0.00 0.00 0.00. 300.00 100.00 0.00 1,300.00 4 4,100.00 0.00 0.00 0.00 0.00. 300.00 1,000.00 0.00 2,800.00 4 5,300.00 0.00 0.00 0.00 0.00. 400.00 900.00 0.00 4,000.00 4 4,800.00 0.00 0.00 0.00 0.00. 400.00 1,300.00 0.00 3,100.00 4 3,300.00 0.00 0.00 0.00 0.00. 400.00 1,300.00 0.00 1,00.00 4 3,200.00 0.00 0.00 0.00 0.00. 300.00 1,300.00 0.00 1,00.00 5,000.00 2,800.00 0.00 0.00 0.00. 400.00 1,200.00 0.00 1,00.00 5 2,900.00 0.00 0.00 0.00 0.00. 500.00 0.00 0.00 2,400.00 3 2,100.00 0.00 0.00 0.00 0.00. 500.00 0.00 0.00 1,00.00 4 3,800.00 0.00 0.00 0.00 100.00. 500.00 0.00 0.00 3,200.00 5 5,000.00 0.00 0.00 0.00 100.00. 300.00 0.00 0.00 4,00.00 4 3,800.00 0.00 0.00 0.00 0.00. 0.00 200.00 0.00 3,00.00 4 5,300.00 0.00 0.00 0.00 0.00. 300.00 300.00 1,500.00 3,200.00 4 5,400.00 0.00 0.00 0.00 0.00. 300.00 100.00 0.00 5,000.00 4 4,900.00 0.00 0.00 0.00 0.00. 0.00 1,200.00 0.00 3,700.00 5,100.00 0.00 0.00 0.00 0.00. 200.00 900.00 0.00 5,000.00 3 2,700.00 0.00 0.00 0.00 0.00. 200.00 100.00 0.00 2,400.00 4 2,800.00 0.00 0.00 0.00 0.00. 100.00 0.00 0.00 2,700.00 4 3,000.00 0.00 0.00 0.00 0.00. 100.00 0.00 0.00 2,900.00 5 3,000.00 0.00 0.00 0.00 0.00. 300.00 0.00 0.00 2,700.00 4 2,400.00 0.00 0.00 0.00 0.00. 0.00 0.00 0.00 2,400.00 5 5,800.00 0.00 0.00 0.00 0.00. 200.00 0.00 1,300.00 4,300.00 4 3,400.00 0.00 0.00 0.00 0.00. 200.00 0.00 0.00 3,200.00 4 3,200.00 0.00 0.00 0.00 0.00. 0.00 0.00 0.00 3,200.00 3 3,100.00 0.00 0.00 0.00 0.00. 200.00 0.00 0.00 2,900.00 4 5,200.00 0.00 0.00 0.00 0.00. 200.00 1,200.00 0.00 3,800.00 4 4,300.00 0.00 0.00 0.00 0.00. 0.00 900.00 0.00 3,400.00 5 5,900.00 0.00 0.00 0.00 0.00. 200.00 800.00 0.00 4,900.00 3 3,900.00 0.00 0.00 0.00 0.00. 900.00 0.00 0.00 3,000.00 4 3,200.00 0.00 0.00 0.00 0.00. 0.00 0.00 0.00 3,200.00 5 3,900.00 0.00 0.00 0.00 0.00. 100.00 0.00 0.00 3,800.00 4 3,00.00 0.00 0.00 0.00 0.00. 300.00 0.00 0.00 3,300.00 4 3,200.00 0.00 0.00 0.00 0.00. 0.00 0.00 0.00 3,200.00 5,00.00 0.00 0.00 0.00 0.00. 800.00 900.00 0.00 4,900.00 5 7,500.00 0.00 0.00 0.00 0.00 3,500.00 200.00 0.00 0.00 3,800.00 4 4,400.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4,400.00 4 5,300.00 0.00 0.00 0.00 0.00 0.00 100.00 0.00 0.00 5,200.00 INFORMATION BULLETIN 12/2003 27

Statistical Appendix Tables Table 2. Financial Market Basic Information, cont. 3. Treasury bill tenders, cont. Demand declared by bidders (at face value) of which for: 2-week 3-week -week 8-week 10-week 13-week 2-week 39-week 52-week I 1999 I I I 2000 I I I 2001 I I I 2002 I I I I million zloty million zloty million zloty million zloty million zloty million zloty million zloty million zloty million zloty million zloty 24 25 2 27 28 29 30 31 32 33 9,318.95... 0.00. 1,43.31 1,540.15 0.00,342.49 5,243.20... 382.3. 945.7 470.14 0.00 3,444.94 14,052.39... 591.57. 2,41.00 2,419.8 0.00 8,24.9 9,787.22... 0.00. 1,953.72 1,599.50 0.00,234.00 7,55.20... 0.00. 2,015.9 1,502.43 0.00 4,04.81 5,723.31... 0.00. 1,221.05 992.52 0.00 3,509.74 3,17.33... 423.93. 1,11.55 94.29 0.00 932.5 3,559.33... 803.1. 1,897.97 293.5 0.00 54.19 3,170.72... 0.00. 2,413.20 0.00 0.00 757.52 8,449.77 3,397.03. 2.45 817.78. 1,252.79 0.00 1,03.5 71.1 8,557.02 0.00 2,204.72 1,03.3 0.00. 98.51 1,024.39 0.00 3,323.04 10,52.82 0.00 0.00 1,20.39 70.35. 74.13 1,807.9 0.00 5,790.2 12,321.47 0.00 0.00 0.00 0.00. 2,188.09 782.74 0.00 9,350.4,93.12 0.00 0.00 0.00 0.00. 1,157.78 877.9 0.00 4,900.38 11,329.94 0.00 0.00 0.00 0.00. 1,03.32 1,471.3 0.00 8,821.99,378.9 0.00 0.00 0.00 0.00. 73.19 1,010.7 0.00 4,94.74 5,990.9 0.00 0.00 0.00 0.00. 1,271.72 429.3 0.00 4,289.34 12,120.47 0.00 4,35.18 0.00 0.00. 1,232.05 0.00 0.00,532.24 17,070.50 3,432.93 5,47.28 0.00 92.5. 984.7 0.00 0.00,214.0 12,791.3 0.00 5,4.79 2,777.15 0.00. 839.84 1,094.5 0.00 2,433.20 15,932.5,322.97 3,983.14 0.00 0.00. 1,957.55 0.00 0.00 3,8.90 4,042.17 0.00 0.00 0.00 0.00. 1,193.35 0.00 0.00 2,848.82 4,3.0 0.00 0.00 0.00 0.00. 218.9 578.42 0.00 3,839.49,281.08 0.00 0.00 0.00 0.00. 12.44 325.32 0.00 5,343.32 8,997.93 0.00 0.00 0.00 0.00. 295.40 1,792.7 0.00,909.77 14,144.78 0.00 0.00 0.00 0.00. 507.9 1,799.88 0.00 11,837.21 10,441.8 0.00 0.00 0.00 0.00. 900.39 2,08.5 0.00,932.4 12,019.19 0.00 0.00 0.00 0.00. 1,03.11 4,913.03 0.00,043.05,951.0 0.00 0.00 0.00 0.00. 510.3 2,803.89 0.00 3,37.35 10,803.41 4,404.11 0.00 0.00 0.00. 90.08 1,799.5 0.00 3,93.57 10,312.05 0.00 0.00 0.00 0.00. 2,407.09 0.00 0.00 7,904.9 7,078.3 0.00 0.00 0.00 0.00. 1,384.22 0.00 0.00 5,94.14 14,70.18 0.00 0.00 0.00 04.43. 1,120. 0.00 0.00 12,945.09 17,27.14 0.00 0.00 0.00 35.42. 975.74 0.00 0.00 15,934.98 13,181.43 0.00 0.00 0.00 0.00. 0.00 772.53 0.00 12,408.90 13,515.1 0.00 0.00 0.00 0.00. 15.02 812.84 3,99.7 8,090.99 18,097.42 0.00 0.00 0.00 0.00. 1,42.7 557.23 0.00 1,077.43 11,53.1 0.00 0.00 0.00 0.00. 0.00 3,353.88 0.00 8,299.28 13,94.52 0.00 0.00 0.00 0.00. 45.02 2,528.75 0.00 10,91.75 8,705.59 0.00 0.00 0.00 0.00. 53.97 42.38 0.00 7,715.24 8,101.83 0.00 0.00 0.00 0.00. 31. 0.00 0.00 7,740.17 10,214.84 0.00 0.00 0.00 0.00. 37.7 0.00 0.00 9,847.08 12,202.32 0.00 0.00 0.00 0.00. 1,13.21 0.00 0.00 11,039.11 10,833.01 0.00 0.00 0.00 0.00. 0.00 0.00 0.00 10,833.01 20,525.1 0.00 0.00 0.00 0.00. 1,593.78 0.00 1,427.2 17,504.57 13,40.7 0.00 0.00 0.00 0.00. 1,142.00 0.00 0.00 12,318.7 9,492.33 0.00 0.00 0.00 0.00. 0.00 0.00 0.00 9,492.33 8,527.70 0.00 0.00 0.00 0.00. 49.40 0.00 0.00 8,058.30 10,18.9 0.00 0.00 0.00 0.00. 799.38 3,530.2 0.00,288.9 11,484.8 0.00 0.00 0.00 0.00. 0.00 1,401.38 0.00 10,083.30 18,185.82 0.00 0.00 0.00 0.00. 280.37 3,48.22 0.00 14,419.23 10,521.22 0.00 0.00 0.00 0.00. 2,10.72 0.00 0.00 8,414.50 9,370.75 0.00 0.00 0.00 0.00. 0.00 0.00 0.00 9,370.75 8,274.38 0.00 0.00 0.00 0.00. 489.09 0.00 0.00 7,785.29 9,338.12 0.00 0.00 0.00 0.00. 1,087.93 0.00 0.00 8,250.19 9,280.28 0.00 0.00 0.00 0.00. 0.00 0.00 0.00 9,280.28 13,828.44 0.00 0.00 0.00 0.00. 1,80.52 828.09 0.00 11,193.83 14,230.75 0.00 0.00 0.00 0.00,243.20 749.1 0.00 0.00 7,237.94 8,190.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 8,190.00 11,450.22 0.00 0.00 0.00 0.00 0.00 491.38 0.00 0.00 10,958.84 28 N a t i o n a l B a n k o f P o l a n d

Statistical Appendix Tables Table 2. Financial Market Basic Information, cont. 3. Treasury bill tenders, cont. Face value of bills sold of which: 2-week 3-week -week 8-week 10-week 13-week 2-week 39-week 52-week I 1999 I I I 2000 I I I 2001 I I I 2002 I I I I million zloty million zloty million zloty million zloty million zloty million zloty million zloty million zloty million zloty million zloty 34 35 3 37 38 39 40 41 42 43 3,01.07... 0.00. 779.95 00.00 0.00 2,221.12 2,0.79... 200.00. 510.5 19.34 0.00 1,99.80,727.83... 400.00. 1,200.00 1,175.33 0.00 3,952.50 3,817.85... 0.00. 848.2 455.07 0.00 2,514.1 3,30.95... 0.00. 993.7 729.7 0.00 1,907.52 2,547.78... 0.00. 700.00 515.2 0.00 1,332.1 2,145.3... 254.30. 808.43 505.08 0.00 577.55 1,571.38... 413.15. 787.89 134.58 0.00 235.7 1,347.71... 0.00. 859.5 0.00 0.00 488.15 5,402.52 2,225.33. 300.00 505.0. 794.04 0.00 1,153.58 423.97,348.37 0.00 2,173.12 752.20 0.00. 700.00 850.25 0.00 1,872.80 5,714.23 0.00 0.00 1,517.89 10.95. 480.52 1,254.42 0.00 1,850.45 5,340.25 0.00 0.00 0.00 0.00. 400.00 300.00 0.00 4,40.25 3,929.03 0.00 0.00 0.00 0.00. 398.18 531.90 0.00 2,998.95 3,573.18 0.00 0.00 0.00 0.00. 398.55 374.3 0.00 2,800.00 2,89.78 0.00 0.00 0.00 0.00. 400.00 499.57 0.00 1,790.21 2,12.0 0.00 0.00 0.00 0.00. 508.13 13.33 0.00 1,491.14 4,545.4 0.00 2,000.00 0.00 0.00. 400.00 0.00 0.00 2,145.4 7,08.42 1,500.00 2,3.8 0.00 300.00. 04.5 0.00 0.00 2,000.00 5,894.13 0.00 2,500.00 2,011.24 0.00. 28.74 19.15 0.00 900.00 7,350.19 4,800.00 1,18.11 0.00 0.00. 583.92 0.00 0.00 780.1 1,200.00 0.00 0.00 0.00 0.00. 400.00 0.00 0.00 800.00 1,400.00 0.00 0.00 0.00 0.00. 100.00 200.00 0.00 1,100.00 1,51.88 0.00 0.00 0.00 0.00. 22.4 89.24 0.00 1,300.00 4,105.47 0.00 0.00 0.00 0.00. 247.37 99.53 0.00 2,81.57 5,308.8 0.00 0.00 0.00 0.00. 333.75 900.00 0.00 4,074.93 4,741.38 0.00 0.00 0.00 0.00. 409.47 1,217.04 0.00 3,114.87 3,300.00 0.00 0.00 0.00 0.00. 400.00 1,300.00 0.00 1,00.00 3,08.74 0.00 0.00 0.00 0.00. 235.8 1,250.88 0.00 1,00.00 5,892.75 2,800.00 0.00 0.00 0.00. 375.11 1,004.37 0.00 1,713.27 2,900.73 0.00 0.00 0.00 0.00. 500.73 0.00 0.00 2,400.00 2,100.00 0.00 0.00 0.00 0.00. 500.00 0.00 0.00 1,00.00 3,800.00 0.00 0.00 0.00 100.00. 500.00 0.00 0.00 3,200.00 4,999.20 0.00 0.00 0.00 100.00. 299.5 0.00 0.00 4,599.4 3,790.79 0.00 0.00 0.00 0.00. 0.00 200.43 0.00 3,590.3,249.97 0.00 0.00 0.00 0.00. 300.00 293.01 2,091.3 3,55.33 5,400.00 0.00 0.00 0.00 0.00. 300.00 100.00 0.00 5,000.00 4,89.97 0.00 0.00 0.00 0.00. 0.00 1,200.00 0.00 3,9.97,097.52 0.00 0.00 0.00 0.00. 197.52 900.00 0.00 5,000.00 2,700.00 0.00 0.00 0.00 0.00. 200.00 100.00 0.00 2,400.00 2,799.8 0.00 0.00 0.00 0.00. 100.00 0.00 0.00 2,99.8 3,000.00 0.00 0.00 0.00 0.00. 100.00 0.00 0.00 2,900.00 3,000.00 0.00 0.00 0.00 0.00. 300.00 0.00 0.00 2,700.00 2,400.00 0.00 0.00 0.00 0.00. 0.00 0.00 0.00 2,400.00 5,733.98 0.00 0.00 0.00 0.00. 200.00 0.00 77.0 4,7.92 3,400.00 0.00 0.00 0.00 0.00. 200.00 0.00 0.00 3,200.00 3,200.00 0.00 0.00 0.00 0.00. 0.00 0.00 0.00 3,200.00 3,100.00 0.00 0.00 0.00 0.00. 200.00 0.00 0.00 2,900.00 5,173.1 0.00 0.00 0.00 0.00. 200.00 1,200.00 0.00 3,773.1 4,300.00 0.00 0.00 0.00 0.00. 0.00 900.00 0.00 3,400.00 5,900.00 0.00 0.00 0.00 0.00. 200.00 800.00 0.00 4,900.00 3,900.00 0.00 0.00 0.00 0.00. 900.00 0.00 0.00 3,000.00 3,200.00 0.00 0.00 0.00 0.00. 0.00 0.00 0.00 3,200.00 3,95.49 0.00 0.00 0.00 0.00. 100.00 0.00 0.00 3,595.49 3,00.00 0.00 0.00 0.00 0.00. 300.00 0.00 0.00 3,300.00 3,200.00 0.00 0.00 0.00 0.00. 0.00 0.00 0.00 3,200.00,798.79 0.00 0.00 0.00 0.00. 800.00 555.50 0.00 5,443.29 7,500.00 0.00 0.00 0.00 0.00 3,500.00 200.00 0.00 0.00 3,800.00 4,400.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4,400.00 5,300.00 0.00 0.00 0.00 0.00 0.00 100.00 0.00 0.00 5,200.00 INFORMATION BULLETIN 12/2003 29

Statistical Appendix Tables Table 2. Financial Market Basic Information, cont. 3. Treasury bill tenders, cont. Yield on bills purchased, weighted average of which on: 2-week 3-week -week 8-week 10-week 13-week 2-week 39-week 52-week Bills outstanding from tender sales at month end (purchase prices) I 1999 I I I 2000 I I I 2001 I I I 2002 I I I I % % % % % % % % % % million zloty 44 45 4 47 48 49 50 51 52 53 54 12.42... 0.00. 13.58 13.05 0.00 11.85 25,393.1 11.51... 11.78. 12.01 11.83 0.00 11.29 25,53.43 12.22... 12.55. 12.39 12.50 0.00 12.0 27,594.57 12.13... 0.00. 12.3 12.23 0.00 12.04 27,919.94 12.23... 0.00. 12.24 12.35 0.00 12.18 27,37.5 12.20... 0.00. 12.25 12.30 0.00 12.15 2,09. 12.34... 12.3. 12.33 12.49 0.00 12.23 25,720.39 12.53... 12.53. 12.55 12.73 0.00 12.37 25,205.12 12.47... 0.00. 12.38 0.00 0.00 12.3 22,887.22 14.09 13.97. 13.5 13.59. 13. 0.00 14.85 14.42 22,552.39 15.22 0.00 14.41 14.4 0.00. 15.8 1.03 0.00 15.91 23,330.84 1.49 0.00 0.00 17.00 17.10. 1.21 1.39 0.00 1.01 24,187.3 1.13 0.00 0.00 0.00 0.00. 15.8 1.19 0.00 1.15 24,255.82 1.92 0.00 0.00 0.00 0.00. 15.88 1.73 0.00 17.09 24,03.90 17.50 0.00 0.00 0.00 0.00. 1.3 17.3 0.00 17.8 23,84.32 17.04 0.00 0.00 0.00 0.00. 1.32 17.13 0.00 17.18 23,472.49 17.3 0.00 0.00 0.00 0.00. 1.8 17.9 0.00 17.88 22,504.90 17.55 0.00 17.4 0.00 0.00. 1.39 0.00 0.00 17.8 21,978.70 17.45 17.55 17.51 0.00 1.82. 1.35 0.00 0.00 17.72 25,704.29 17.4 0.00 17.53 17.42 0.00. 17.18 18.80 0.00 18.33 24,332.47 18.18 18.21 18.28 0.00 0.00. 17.5 0.00 0.00 18.28 2,891.24 17.71 0.00 0.00 0.00 0.00. 1.98 0.00 0.00 18.08 21,842.31 17.84 0.00 0.00 0.00 0.00. 1.84 17.70 0.00 17.9 20,947.04 17.49 0.00 0.00 0.00 0.00. 1.81 17.19 0.00 17.5 19,749.89 1.92 0.00 0.00 0.00 0.00. 1.90 17.13 0.00 1.85 19,459.42 1.77 0.00 0.00 0.00 0.00. 17.04 17.05 0.00 1.9 21,22.33 1.77 0.00 0.00 0.00 0.00. 17.05 1.98 0.00 1.5 22,874.37 15.95 0.00 0.00 0.00 0.00. 1.28 1.19 0.00 15.7 24,018.74 15. 0.00 0.00 0.00 0.00. 15.98 15.92 0.00 15.42 25,021.03 1.37 17.15 0.00 0.00 0.00. 1.00 15.98 0.00 15.42 25,583.2 15.04 0.00 0.00 0.00 0.00. 14.77 0.00 0.00 15.10 25,07.55 14.21 0.00 0.00 0.00 0.00. 13.81 0.00 0.00 14.34 25,134.5 13.8 0.00 0.00 0.00 13.47. 13.77 0.00 0.00 13.89 2,382.03 12.5 0.00 0.00 0.00 12.78. 13.09 0.00 0.00 12.52 28,492.23 11.7 0.00 0.00 0.00 0.00. 0.00 12.14 0.00 11.74 29,220.73 10.85 0.00 0.00 0.00 0.00. 11.0 11.1 10.90 10.78 30,542.4 9. 0.00 0.00 0.00 0.00. 10.14 9.8 0.00 9.3 34,532.42 9.7 0.00 0.00 0.00 0.00. 0.00 9.97 0.00 9.70 35,555.03 9.70 0.00 0.00 0.00 0.00. 9.9 9.80 0.00 9.9 37,293.2 9.59 0.00 0.00 0.00 0.00. 9.7 9.3 0.00 9.58 39,00.55 9.3 0.00 0.00 0.00 0.00. 9.44 0.00 0.00 9.3 39,997.71 8.1 0.00 0.00 0.00 0.00. 8.70 0.00 0.00 8.0 40,998.39 8.3 0.00 0.00 0.00 0.00. 8.53 0.00 0.00 8.34 41,222.07 7.82 0.00 0.00 0.00 0.00. 0.00 0.00 0.00 7.82 40,808.81 7.24 0.00 0.00 0.00 0.00. 7.38 0.00 7.22 7.24 40,037.12.77 0.00 0.00 0.00 0.00. 7.05 0.00 0.00.7 39,200.7 5.95 0.00 0.00 0.00 0.00. 0.00 0.00 0.00 5.95 39,009.83 5.77 0.00 0.00 0.00 0.00..11 0.00 0.00 5.75 38,53.10 5.84 0.00 0.00 0.00 0.00..07.04 0.00 5.7 38,710.19 5.88 0.00 0.00 0.00 0.00. 0.00.01 0.00 5.85 39,42.9 5.8 0.00 0.00 0.00 0.00. 5.71 5.79 0.00 5. 40,051.5 5.54 0.00 0.00 0.00 0.00. 5.70 0.00 0.00 5.49 41,29.82 4.82 0.00 0.00 0.00 0.00. 0.00 0.00 0.00 4.82 42,214.53 4.7 0.00 0.00 0.00 0.00. 5.11 0.00 0.00 4. 42,217.48 4.90 0.00 0.00 0.00 0.00. 5.02 0.00 0.00 4.88 41,053.83 4.82 0.00 0.00 0.00 0.00. 0.00 0.00 0.00 4.82 41,007.37 4.97 0.00 0.00 0.00 0.00. 4.99 5.02 0.00 4.9 41,84.52 5.27 0.00 0.00 0.00 0.00 5.21 5.10 0.00 0.00 5.33 4,47.15 5.99 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5.99 47,0.32.12 0.00 0.00 0.00 0.00 0.00 5.31 0.00 0.00.14 45,05.50 30 N a t i o n a l B a n k o f P o l a n d

Statistical Appendix Tables Table 2. Financial Market Basic Information, cont. 4. Tenders for NBP money-market bills Face value of bills offered for sale Demand declared by bidders (at face value) Number of tenders during month of which: 1-day 7-day 14-day 28-day of which for: 1-day 7-day 14-day 28-day I 1999 I I I 2000 I I I 2001 I I I 2002 I I I I million zloty million zloty 55 5 57 million zloty 58 million zloty 59 million zloty 0 million zloty 1 million zloty 2 million zloty 3 million zloty 4 million zloty 5 13 31,100.00 0.00 0.00 0.00 31,100.00 24,28.33 0.00 0.00 0.00 24,28.33 15 3,000.00 0.00 0.00 0.00 3,000.00 31,141.18 0.00 0.00 0.00 31,141.18 1 34,800.00 0.00 0.00 0.00 34,800.00 31,202.48 0.00 0.00 0.00 31,202.48 11 24,500.00 0.00 0.00 0.00 24,500.00 21,883.33 0.00 0.00 0.00 21,883.33 9 23,500.00 0.00 0.00 0.00 23,500.00 19,78.8 0.00 0.00 0.00 19,78.8 15 38,500.00 0.00 0.00 0.00 38,500.00 29,782.33 0.00 0.00 0.00 29,782.33 14 29,000.00 0.00 0.00 0.00 29,000.00 23,414.51 0.00 0.00 0.00 23,414.51 14 28,500.00 0.00 0.00 0.00 28,500.00 22,353.89 0.00 0.00 0.00 22,353.89 12 27,000.00 0.00 0.00 0.00 27,000.00 21,951.53 0.00 0.00 0.00 21,951.53 10 2,000.00 0.00 0.00 0.00 2,000.00 19,70.39 0.00 0.00 0.00 19,70.39 11 27,500.00 0.00 0.00,500.00 21,000.00 1,838.39 0.00 0.00 4,1.20 12,222.19 1 58,000.00 1,500.00 21,000.00 18,500.00 2,000.00 41,948.29 13,97.00 15,043.81 12,032.32 89.1 7 18,000.00 0.00 0.00 0.00 18,000.00 15,495.77 0.00 0.00 0.00 15,495.77 14 3,000.00 0.00 0.00 0.00 3,000.00 24,189.47 0.00 0.00 0.00 24,189.47 11 27,200.00 0.00 0.00 0.00 27,200.00 28,887.08 0.00 0.00 0.00 28,887.08 7 17,500.00 0.00 0.00 0.00 17,500.00 1,475.0 0.00 0.00 0.00 1,475.0 9 25,500.00 0.00 0.00 0.00 25,500.00 21,145.9 0.00 0.00 0.00 21,145.9 12 29,500.00 0.00 0.00 0.00 29,500.00 25,144.43 0.00 0.00 0.00 25,144.43 7 19,500.00 0.00 0.00 0.00 19,500.00 1,708.04 0.00 0.00 0.00 1,708.04 10 27,000.00 0.00 0.00 0.00 27,000.00 2,49.37 0.00 0.00 0.00 2,49.37 7 40,500.00 22,000.00 0.00 3,500.00 15,000.00 43,95.4 21,04.11 0.00 3,455.59 19,445.94 8 31,000.00 3,500.00 4,000.00 0.00 23,500.00 34,29.33 3,40.38 7,21.71 0.00 24,00.24 9 23,000.00 0.00 0.00 0.00 23,000.00 20,998.74 0.00 0.00 0.00 20,998.74 8 25,500.00 0.00 0.00 0.00 25,500.00 24,52.91 0.00 0.00 0.00 24,52.91 7 15,000.00 0.00 0.00 0.00 15,000.00 19,275.1 0.00 0.00 0.00 19,275.1 9 2,500.00 0.00 0.00 0.00 2,500.00 25,722.14 0.00 0.00 0.00 25,722.14 17,000.00 0.00 0.00 0.00 17,000.00 1,30.48 0.00 0.00 0.00 1,30.48 13,000.00 0.00 0.00 0.00 13,000.00 17,170.29 0.00 0.00 0.00 17,170.29 9 19,000.00 0.00 0.00 0.00 19,000.00 20,940.82 0.00 0.00 0.00 20,940.82 9 24,000.00 0.00 0.00 0.00 24,000.00 30,233.29 0.00 0.00 0.00 30,233.29 20,000.00 0.00 0.00 0.00 20,000.00 18,508.9 0.00 0.00 0.00 18,508.9 5 14,000.00 0.00 0.00 0.00 14,000.00 38,840.47 0.00 0.00 0.00 38,840.47 7 19,500.00 0.00 0.00 0.00 19,500.00 42,20.5 0.00 0.00 0.00 42,20.5 18,000.00 0.00 0.00 0.00 18,000.00 29,214.79 0.00 0.00 0.00 29,214.79 2,000.00 0.00 0.00 0.00,000.00 13,48.93 0.00 0.00 0.00 13,48.93 12,500.00 0.00 0.00 3,500.00 9,000.00 14,791.21 0.00 0.00 7,55.91 7,135.30 12 31,000.00 0.00 0.00 0.00 31,000.00 5,19.40 0.00 0.00 0.00 5,19.40 4 13,200.00 0.00 0.00 0.00 13,200.00 9,208.30 0.00 0.00 0.00 9,208.30 5 17,500.00 0.00 0.00 0.00 17,500.00 18,932.40 0.00 0.00 0.00 18,932.40 4 14,100.00 0.00 0.00 0.00 14,100.00 17,127.02 0.00 0.00 0.00 17,127.02 5 17,300.00 0.00 0.00 0.00 17,300.00 23,842.84 0.00 0.00 0.00 23,842.84 4,00.00 0.00 0.00 0.00,00.00,321.4 0.00 0.00 0.00,321.4 4 9,000.00 0.00 0.00 0.00 9,000.00 11,215.25 0.00 0.00 0.00 11,215.25 5 10,00.00 0.00 0.00 0.00 10,00.00 20,230.58 0.00 0.00 0.00 20,230.58 4 5,00.00 0.00 0.00 0.00 5,00.00 2,150.40 0.00 0.00 0.00 2,150.40 5 8,500.00 0.00 0.00 0.00 8,500.00 21,218.1 0.00 0.00 0.00 21,218.1 4 4,400.00 0.00 0.00 0.00 4,400.00 41,41.75 0.00 0.00 0.00 41,41.75 4 7,00.00 0.00 0.00 0.00 7,00.00 12,15.50 0.00 0.00 0.00 12,15.50 5 15,000.00 0.00 0.00 15,000.00 0.00 30,28.00 0.00 0.00 30,28.00 0.00 4 12,500.00 0.00 0.00 12,500.00 0.00 22,431.41 0.00 0.00 22,431.41 0.00 4 9,500.00 0.00 0.00 9,500.00 0.00 42,980.08 0.00 0.00 42,980.08 0.00 4 14,500.00 0.00 0.00 14,500.00 0.00 23,128.8 0.00 0.00 23,128.8 0.00 5 13,000.00 0.00 0.00 13,000.00 0.00 48,540.00 0.00 0.00 48,540.00 0.00 4 9,500.00 0.00 0.00 9,500.00 0.00 35,752.45 0.00 0.00 35,752.45 0.00 4 12,200.00 0.00 0.00 12,200.00 0.00 29,982.30 0.00 0.00 29,982.30 0.00 5 23,000.00 0.00 0.00 23,000.00 0.00 7,248.34 0.00 0.00 7,248.34 0.00 4 17,500.00 0.00 0.00 17,500.00 0.00 48,149.21 0.00 0.00 48,149.21 0.00 5 14,000.00 0.00 0.00 14,000.00 0.00 30,150.40 0.00 0.00 30,150.40 0.00 4 14,000.00 0.00 0.00 14,000.00 0.00 24,211.20 0.00 0.00 24,211.20 0.00 4 10,000.00 0.00 0.00 10,000.00 0.00 14,015.09 0.00 0.00 14,015.09 0.00 INFORMATION BULLETIN 12/2003 31

Statistical Appendix Tables Table 2. Financial Market Basic Information, cont. 4. Tenders for NBP money-market bills, cont. Face value of bills sold of which: 1-day 7-day 14-day Yield on bills purchased, weighted average of which on: 28-day 1-day 7-day 14-day 28-day Bills outstanding from tender sales at month end (purchase prices) I 1999 I I I 2000 I I I 2001 I I I 2002 I I I I million zloty million zloty million zloty million zloty million zloty % % % % % million zloty 7 8 9 70 71 72 73 74 75 7 23,274.37 0.00 0.00 0.00 23,274.37 15.31 0.00 0.00 0.00 15.31 23,000.4 31,001.81 0.00 0.00 0.00 31,001.81 13.10 0.00 0.00 0.00 13.10 30,89.10 30,97.25 0.00 0.00 0.00 30,97.25 13.10 0.00 0.00 0.00 13.10 27,152.89 21,77.79 0.00 0.00 0.00 21,77.79 13.10 0.00 0.00 0.00 13.10 19,843.48 19,338.8 0.00 0.00 0.00 19,338.8 13.10 0.00 0.00 0.00 13.10 19,143.79 29,777.33 0.00 0.00 0.00 29,777.33 13.10 0.00 0.00 0.00 13.10 22,355.73 23,414.51 0.00 0.00 0.00 23,414.51 13.10 0.00 0.00 0.00 13.10 21,270.71 22,295.81 0.00 0.00 0.00 22,295.81 13.10 0.00 0.00 0.00 13.10 21,518.25 21,37.53 0.00 0.00 0.00 21,37.53 13.3 0.00 0.00 0.00 13.3 17,50.88 19,70.39 0.00 0.00 0.00 19,70.39 14.10 0.00 0.00 0.00 14.10 18,254.14 1,141.1 0.00 0.00 4,1.20 11,524.9 15.8 0.00 0.00 1.54 15.34 15,975.79 41,948.29 13,97.00 15,043.81 12,032.32 89.1 1.52 1.50 1.52 1.54 1.0 11,095.45 15,495.77 0.00 0.00 0.00 15,495.77 1.0 0.00 0.00 0.00 1.0 15,298.20 24,039.47 0.00 0.00 0.00 24,039.47 1.81 0.00 0.00 0.00 1.81 23,729.32 25,94.22 0.00 0.00 0.00 25,94.22 17.0 0.00 0.00 0.00 17.0 18,957.8 1,002.39 0.00 0.00 0.00 1,002.39 17.59 0.00 0.00 0.00 17.59 15,78.3 21,145.9 0.00 0.00 0.00 21,145.9 17.0 0.00 0.00 0.00 17.0 18,83.92 24,344.97 0.00 0.00 0.00 24,344.97 17.0 0.00 0.00 0.00 17.0 19,58.79 1,708.04 0.00 0.00 0.00 1,708.04 17.0 0.00 0.00 0.00 17.0 1,482.39 24,925.27 0.00 0.00 0.00 24,925.27 17.87 0.00 0.00 0.00 17.87 17,501.58 3,07.43 18,974.18 0.00 3,455.59 14,177. 19.04 19.01 0.00 19.05 19.07 14,444.55 29,883.08 3,40.38 4,000.00 0.00 22,47.70 19.07 19.02 19.03 0.00 19.09 1,728.3 20,479.71 0.00 0.00 0.00 20,479.71 19.09 0.00 0.00 0.00 19.09 20,180.01 22,44.59 0.00 0.00 0.00 22,44.59 19.09 0.00 0.00 0.00 19.09 19,819.18 14,753.12 0.00 0.00 0.00 14,753.12 19.09 0.00 0.00 0.00 19.09 11,824.42 24,27.5 0.00 0.00 0.00 24,27.5 19.07 0.00 0.00 0.00 19.07 23,921.90 15,751.73 0.00 0.00 0.00 15,751.73 17.95 0.00 0.00 0.00 17.95 15,534.8 12,57.40 0.00 0.00 0.00 12,57.40 17.0 0.00 0.00 0.00 17.0 12,411.8 18,014.3 0.00 0.00 0.00 18,014.3 17.09 0.00 0.00 0.00 17.09 15,804.32 22,272.9 0.00 0.00 0.00 22,272.9 17.00 0.00 0.00 0.00 17.00 20,085.49 17,554.35 0.00 0.00 0.00 17,554.35 15.5 0.00 0.00 0.00 15.5 17,344.42 13,441.49 0.00 0.00 0.00 13,441.49 15.52 0.00 0.00 0.00 15.52 13,281.18 17,970.08 0.00 0.00 0.00 17,970.08 14.54 0.00 0.00 0.00 14.54 17,79.11 14,842.00 0.00 0.00 0.00 14,842.00 14.53 0.00 0.00 0.00 14.53 14,7.18,000.00 0.00 0.00 0.00,000.00 12.50 0.00 0.00 0.00 12.50 5,942.22 10,270.90 0.00 0.00 3,500.00,770.90 11.52 0.00 0.00 11.55 11.51,710.83 28,371.10 0.00 0.00 0.00 28,371.10 11.54 0.00 0.00 0.00 11.54 22,444.31 9,204.00 0.00 0.00 0.00 9,204.00 10.07 0.00 0.00 0.00 10.07 10,19.19 15,58.20 0.00 0.00 0.00 15,58.20 10.08 0.00 0.00 0.00 10.08 9,884.48 14,100.00 0.00 0.00 0.00 14,100.00 10.07 0.00 0.00 0.00 10.07 13,990.40 17,300.00 0.00 0.00 0.00 17,300.00 9.55 0.00 0.00 0.00 9.55 17,172.48 5,04.10 0.00 0.00 0.00 5,04.10 9.09 0.00 0.00 0.00 9.09 5,54.7 9,000.00 0.00 0.00 0.00 9,000.00 8.59 0.00 0.00 0.00 8.59 8,940.29 10,00.00 0.00 0.00 0.00 10,00.00 8.45 0.00 0.00 0.00 8.45 9,040.74 5,00.00 0.00 0.00 0.00 5,00.00 7.99 0.00 0.00 0.00 7.99 5,55.41 8,500.00 0.00 0.00 0.00 8,500.00 7.32 0.00 0.00 0.00 7.32 8,451.89 4,400.00 0.00 0.00 0.00 4,400.00.99 0.00 0.00 0.00.99 7,359.95 7,252.20 0.00 0.00 0.00 7,252.20.75 0.00 0.00 0.00.75 7,214.32 15,000.00 0.00 0.00 15,000.00 0.00.73 0.00 0.00.73 0.00 3,490.98 12,500.00 0.00 0.00 12,500.00 0.00.4 0.00 0.00.4 0.00,982.54 9,500.00 0.00 0.00 9,500.00 0.00.21 0.00 0.00.21 0.00 2,494.08 12,974.87 0.00 0.00 12,974.87 0.00 5.95 0.00 0.00 5.95 0.00 4,988.0 13,000.00 0.00 0.00 13,000.00 0.00 5.8 0.00 0.00 5.8 0.00 4,490.30 9,500.00 0.00 0.00 9,500.00 0.00 5.45 0.00 0.00 5.45 0.00 4,490.59 12,200.00 0.00 0.00 12,200.00 0.00 5.25 0.00 0.00 5.25 0.00 3,193.48 22,378.73 0.00 0.00 22,378.73 0.00 5.25 0.00 0.00 5.25 0.00 13,472.49 17,500.00 0.00 0.00 17,500.00 0.00 5.25 0.00 0.00 5.25 0.00 8,482.8 12,020.00 0.00 0.00 12,020.00 0.00 5.25 0.00 0.00 5.25 0.00 3,013.85 14,000.00 0.00 0.00 14,000.00 0.00 5.25 0.00 0.00 5.25 0.00 3,991.85 9,580.00 0.00 0.00 9,580.00 0.00 5.25 0.00 0.00 5.25 0.00 5,987.77 32 N a t i o n a l B a n k o f P o l a n d

Statistical Appendix Tables Table 2. Financial Market Basic Information, cont. 5. Outright sales of securities by NBP. Data on trading sessions of Warsaw Stock Exchange Number of tenders face value of securities alloted for sale face value of bids submitted by banks face value of bids accepted value of bids accepted Number of companies at month end Capitalisation at month end P/E ratio at month end Warsaw Stock Exchange Index (WIG) at month end WIG monthly average Second-Tier Market Index (WIRR) at month end WIRR monthly average Monthly turnover Turnover ratio I 1999 I I I 2000 I I I 2001 I I I 2002 I I I I million zloty million zloty million zloty million zloty 77 78 79 80 81 82 million zloty 83 84 million zloty 85 8 87 88 89............................................................................................................................................................................. 220 131,544.5 38.1 19,398.0 19,483.8 2,225.1 2,194.1 12,139.8 4...... 220 152,377.1 40.7 21,53.8 21,298.5 2,732.8 2,48.4 1,412. 5...... 221 151,771.8 39.9 21,255.9 22,035.9 2,82. 2,870.1 15,170.7 4.9..... 221 138,552.8 3.4 19,31.1 20,228.5 2,919.0 2,845.1 7,082.8 2...... 223 139,225.8 29.8 19,570.5 19,315.1 3,015. 2,904.4 7,358. 2.7..... 223 138,181.5 30.4 19,42.7 19,78.8 3,055. 3,023.1 7,392.2 2...... 223 138,135.4 32.2 18,991.0 19,30.2 3,093.5 3,082.4,785.0 2.4..... 224 130,203.3 29. 18,420.3 18,539.2 3,028.8 3,042.0 5,048.9 1.9 2 1,000.00 2,49.00 18.00 503.9 223 118,147.5 2.8 1,882. 17,885.5 2,844.1 2,952.8 5,097.4 2.0 4 1,200.00 2,34.00 444.00 355.28 223 111,044.1 27.9 15,597.5 15,97. 2,718.5 2,779.1 4,529.5 2.0 5 1,500.00 2,180.00 572.00 455.70 224 11,859.3 14.3 1,292.2 1,510.8 2,3.5 2,50.5 7,791.9 3.3 4 1,200.00 1,432.00 588.00 480.45 225 129,878.7 15.9 17,847. 17,274.9 2,748. 2,28.7 8,848.2 3.5 4 1,200.00 2,43.00 902.00 788.5 225 12,44.4 15.3 17,02.9 17,319.5 2,579.7 2,59.4 7,771.3 3.3 4 1,800.00 3,751.00 1,41.00 1,350.12 22 113,173. 12.4 15,471.5 1,495.5 2,441.2 2,489.5,139.7 2.7 5 1,800.00 3,591.00 1,027.00 828.73 227 109,87.0 12.0 14,98.9 14,73.2 2,353.2 2,30.1 5,803.1 2.8 4 1,200.00 2,591.00 585.00 528.48 228 112,792.2 12.8 15,29.0 15,07. 2,328.9 2,332.5 5,120.7 2.4 4 1,200.00 2,37.00 227.00 19.08 231 113,114.1 14.7 15,30.3 15,259. 2,29. 2,2.8 4,93.1 2.3 3 900.00 1,039.00 192.00 174.57 230 103,203.0 15.8 13,945.4 14,509. 2,13.2 2,179.7 4,201.8 2.1 4 1,200.00 1,323.00 235.00 202.78 230 95,885.0 15.2 13,12.7 13,303.0 1,932.8 2,01.3 4,475.9 2.4 5 1,500.00 1,809.00 300.00 27.5 231 91,535.1 13.9 12,802.1 12,29.5 1,833.4 1,874.8 5,20.8 1.9 4 1,200.00 1,73.00 300.00 293.80 231 87,051.2 13.1 11,890. 12,335. 1,71.3 1,748.0 3,349.9 2.0 5 1,500.00 1,882.00 74.00 85.97 231 100,497.0 15.4 13,73.2 12,77.7 1,833.7 1,789.7,482. 3.7 4 1,200.00 833.00 273.00 288.42 230 103,477.3 2.4 14,03.1 14,132. 1,778.0 1,829. 5,029.8 2. 3 900.00 543.00 194.00 198.80 230 100,497.0 5.9 13,922.2 13,928.5 1,73.7 1,75.9 3,959.8 2.1 5 1,500.00 2,891.00 990.00 1,008.93 231 120,54.9 7.0 1,02.8 15,10.5 1,9.7 1,737.8 7,010.7 3.2 4 1,200.00 2,088.00 752.00 70.07 231 114,01.9 3. 15,278. 15,35.5 1,85.9 1,78.5 4,480.5 2.1 4 1,200.00 1,908.00 385.00 398.28 231 113,027.7 55.8 15,02.4 15,178.3 1,17.9 1,30. 3,774.3 1.7 4 1,024.27 874.00 139.27 142.22 230 118,144. 4.8 15,122.1 15,040.4 1,510.2 1,50.0 3,8.4 1.7 3 900.00 1,711.00 345.00 350.8 230 120,17.3 89.4 15,43.0 15,325.5 1,540.0 1,507.4 3,749.9 1.7 4 1,200.00 2,23.00 300.00 307.28 230 108,937.8 92.1 14,192.9 15,10.8 1,51.7 1,545.0 3,378.5 1.5 4 1,200.00 1,712.00 10.00 48.28 22 100,152.7 82.0 12,907. 13,494.1 1,35.0 1,431.2 4,10.1 2.1 4 995.27 2,522.00 480.27 485.09 225 105,0.8 237.1 13,433.9 13,091.2 1,291.4 1,301.2 3,428.0 1.8 4 1,200.00 2,059.00 15.00 14.75 223 100,277.1 249.2 12,797.3 13,07.4 1,285.3 1,293.0 3,248.0 1.7 5 1,500.00 2,303.00 78.00 78.88 220 109,92.8 277.4 14,093.2 13,32.3 1,359.9 1,289.4 3,779.0 1.9 4 1,200.00 1,511.00 00.00 23.3 21 113,523.4 1,349.1 14,2.9 14,209.2 1,385. 1,372.5 3,722.0 1.8 3 900.00 940.00 0.00 0.00 21 110,54. 29,052.4 14,3.7 14,53.5 1,35. 1,347.4 3,312.0 1. 5 1,500.00 1,295.00 575.00 20.33 215 102,394.4 912.1 13,844.8 14,501.4 1,458.0 1,427.3 4,09.0 2.0 4 1,18.27 915.00 33.27 35.41 214 101,99. x 13,775.5 13,852.2 1,444.0 1,40. 2,557.4 1.3 4 1,141.27 50.00 85.00 90.09 208 100,252. x 13,759.4 13,818.9 1,34.2 1,391.7 3,03.0 1. 3 13.80 85.00 241.27 259.8 208 101,885.3 x 14,259.8 14,23.0 1,492.4 1,417.0 3,90. 1.8 0 0.00 0.00 0.00 0.00 20 108,793.7 x 15,304.4 14,842.3 1,700.4 1,15.4 4,57.0 2.3 0 0.00 0.00 0.00 0.00 205 112,8.7 x 15,987.5 15,50.3 1,99.1 1,95.3 3,995.0 1.9 0 0.00 0.00 0.00 0.00 204 123,924.1 x 18,004.3 17,200.3 2,174.1 1,915.0 7,045. 3.1 0 0.00 0.00 0.00 0.00 204 144,418. 192. 21,33.3 19,431. 2,44.5 2,445.7 9,227. 3.7 0 0.00 0.00 0.00 0.00 201 130,825.0 13.4 19,330.5 20,351.1 2,484.8 2,570.9 8,807.0 3.4 0 0.00 0.00 0.00 0.00 202 137,389.8 59.1 20,3.7 20,71.2 2,13.0 2,52.7 7,921.0 2.9 0 0.00 0.00 0.00 0.00 202 129,303.0 4.9 19,231.5 19,81.4 2,494.7 2,57.7 5,730.5 2.2 0 0.00 0.00 0.00 0.00 203 140,001.5 49.9 20,820.1 20,394.2 2,740.7 2,58.0 5,978.2 2.3 % 90 INFORMATION BULLETIN 12/2003 33

Statistical Appendix Tables Table 3. PLN/USD and PLN/EUR Daily Exchange Rates September 2003 October 2003 November 2003 December 2003 Days NBP average exchange rates PLN/USD PLN/EUR USD/EUR NBP average exchange rates PLN/USD PLN/EUR USD/EUR NBP average exchange rates PLN/USD PLN/EUR USD/EUR NBP average exchange rates PLN/USD PLN/EUR USD/EUR 1 2 3 4 5 7 8 9 10 11 12 13 14 15 1 17 18 19 20 21 22 23 24 25 2 27 28 29 30 31 Average monthly rate 1 2 3 4 5 7 8 9 10 11 12 3.998 4.303 1.0984 3.9143 4.585 1.171 4.0234 4.82 1.138 3.8738 4.494 1.2002 4.0054 4.3508 1.082 3.8973 4.5733 1.1735 4.0234 4.82 1.138 3.9030 4.92 1.193 4.0398 4.317 1.0797 3.8850 4.547 1.1703 4.0198 4.5 1.1584 3.8525 4.3 1.2105 4.020 4.323 1.0835 3.8850 4.547 1.1703 4.0373 4.249 1.1455 3.8385 4.337 1.2072 4.0280 4.4090 1.094 3.8850 4.547 1.1703 3.9975 4.5812 1.140 3.8371 4.318 1.2071 4.0280 4.4090 1.094 3.919 4.5372 1.1584 4.0235 4.08 1.1450 3.8371 4.318 1.2071 4.0280 4.4090 1.094 3.8720 4.524 1.1783 4.0128 4.5835 1.1422 3.8371 4.318 1.2071 4.0045 4.4315 1.10 3.8538 4.5523 1.1812 4.0128 4.5835 1.1422 3.818 4.518 1.2182 3.987 4.4278 1.110 3.809 4.5108 1.1841 4.0128 4.5835 1.1422 3.8084 4.708 1.224 3.980 4.4392 1.1188 3.883 4.5343 1.1722 3.9903 4.5873 1.149 3.8130 4.529 1.2203 3.9475 4.4334 1.1231 3.883 4.5343 1.1722 3.9903 4.5873 1.149 3.8227 4.45 1.2155 3.997 4.4357 1.1174 3.883 4.5343 1.1722 3.928 4.5892 1.1581 3.8035 4.573 1.2245 3.997 4.4357 1.1174 3.8599 4.5084 1.180 3.9198 4.5832 1.192 3.8035 4.573 1.2245 3.997 4.4357 1.1174 3.8925 4.5258 1.127 3.8817 4.572 1.1780 3.8035 4.573 1.2245 3.9400 4.4403 1.1270 3.9013 4.5592 1.18 3.8817 4.572 1.1780 3.8072 4.55 1.2231 3.9789 4.47 1.1251 3.981 4.057 1.107 3.8817 4.572 1.1780 3.7532 4.344 1.2348 4.0431 4.5148 1.117 3.984 4.021 1.1597 3.8703 4.5748 1.1820 3.7543 4.350 1.234 4.0197 4.532 1.127 3.984 4.021 1.1597 3.898 4.589 1.1771 3.745 4.5 1.2429 3.9931 4.4995 1.128 3.984 4.021 1.1597 3.894 4.143 1.1925 3.740 4.479 1.242 3.9931 4.4995 1.128 3.9505 4.15 1.184 3.8783 4.223 1.1918 3.740 4.479 1.242 3.9931 4.4995 1.128 3.9431 4.5913 1.144 3.9130 4.514 1.1887 3.740 4.479 1.242 3.9353 4.5180 1.1481 3.9459 4.127 1.190 3.9130 4.514 1.1887 3.7373 4.477 1.243 3.9135 4.497 1.1493 3.9372 4.49 1.1803 3.9130 4.514 1.1887 3.741 4.483 1.2423 3.914 4.4918 1.1474 3.9450 4.487 1.1784 3.933 4.51 1.1817 3.7534 4.50 1.2405 3.9259 4.507 1.1479 3.9450 4.487 1.1784 3.945 4.48 1.1777 3.7534 4.50 1.2405 3.913 4.5451 1.1474 3.9450 4.487 1.1784 3.9349 4.58 1.1835 3.7534 4.50 1.2405 3.913 4.5451 1.1474 3.91 4.595 1.172 3.9170 4.2 1.1913 3.7534 4.50 1.2405 3.913 4.5451 1.1474 3.9745 4.577 1.1719 3.9350 4.7127 1.197 3.7534 4.50 1.2405 3.9915 4.5504 1.1400 3.9743 4.518 1.1705 3.9350 4.7127 1.197 3.7433 4.99 1.2475 3.9799 4.435 1.17 3.9889 4.572 1.175 3.9350 4.7127 1.197 3.704 4.7007 1.2501 4.0234 4.82 1.138 3.7405 4.7170 1.211 3.9815 4.49 3.9221 4.5895 3.9488 4.254 3.7879 4.547 34 N a t i o n a l B a n k o f P o l a n d

Statistical Appendix Tables Table 4. Weighted Interest Rates on Zloty Deposit Offered by Commercial Banks current accounts (private entrepreneurs and farmers) checking accounts (ROR) 1 month 3 months Zloty deposits households time deposits: months 1 year 2 years > 2 years total 2002 I I I I 1 2 3 4 5 7 8 9 1.2 2.5.8.7 7.1 7.5 7.8 7.9 7.1 1.2 2.4.7. 7.0 7.4 7.7 7.7 7.0 1.1 2.2.3.3.7 7.0 7.4 7.4. 0.8 1.9 5.7 5.5 5.8.4 7.0 7.1.0 0.7 1.8 5.3 5.2 5.4 5.9.5. 5. 0.7 1.8 5.3 5.2 5.4 5.9.5. 5. 0.5 1. 4.9 4.7 4.9 5.4.0.1 5.1 0.4 1.2 4.4 4.3 4.5 5.0 5.5 5. 4. 0.4 1.2 4.1 4.0 4.2 4.7 5.1 5.3 4.3 0.4 1.2 4.0 3.9 4.1 4. 5.1 5.2 4.2 0.3 1.0 4.0 3.8 4.0 4.5 4.9 5.0 4.1 0.3 0.8 3.9 3.7 3.9 4.4 4.8 4.8 4.0 0.2 0. 3. 3.5 3.7 4.2 4. 4. 3.8 0.1 0. 3.4 3.3 3.4 4.0 4.3 4.3 3. 0.1 0.5 3.1 3.1 3.2 3.7 4.2 4.1 3.3 0.1 0.4 2.9 2.8 3.1 3.5 4.0 3.8 3.2 0.1 0.4 2.7 2. 2.8 3.3 3.7 3. 2.9 0.1 0.3 2.7 2. 2.7 3.3 3.7 3.5 2.9 0.1 0.3 2.7 2. 2.7 3.3 3.7 3.5 2.9 0.1 0.3 2.7 2.5 2.7 3.4 3.7 3.5 2.9 0.1 0.3 2.7 2.5 2.7 3.4 3.9 3.5 2.9 0.1 0.3 2.7 2.5 2.7 3.4 3.9 3. 2.9 Zloty deposits, cont. non-financial corporations time deposits: current accounts 1 month 3 months months 1 year 2 years > 2 years total 2002 I I I I 10 11 12 13 14 15 1 17 18 1.3 7.2 7.1 7.5 7. 8.4 9.2 7.2 7.1 1.2 7.1 7.0 7.3 7.4 8.5 8.2 7.1 7.0 1.1..7.9 7.3 8.3 8.1.7.7 0.9.2.1.2.5 7.0 8.0.2.0 0.7 5.7 5.7 5.9.0. 7.7 5.8 5. 0.7 5.5 5.8 5.8.0. 7. 5. 5. 0. 5.0 5.2 5.3 5.5.1 7.4 5.1 5.1 0.5 4. 4.7 4.8 5.1 5.4.8 4. 4. 0.4 4.3 4.3 4.4 4.8 5.3.3 4.3 4.3 0.4 4.3 4.2 4.2 4.4 5.0.1 4.3 4.2 0.4 4.1 4.1 4.1 4.4 5.0.1 4.1 4.1 0.4 3.9 4.0 4.0 4.3 5.0 5.7 4.0 4.0 0.3 3.8 3.8 3.7 4.1 4. 5.3 3.8 3.8 0.2 3.5 3.5 3.4 3.7 4.2 4.7 3.5 3. 0.2 3.3 3.3 3.3 3. 4.1 4.4 3.3 3.3 0.2 3.1 3.0 3.0 3.4 3.9 4.4 3.1 3.2 0.1 2.9 2.9 2.8 3.2 3.9 3.1 2.9 2.9 0.1 2.9 2.9 2.8 3.2 3.9 3.0 2.9 2.9 0.1 2.8 2.9 2.8 3.2 3.7 3.1 2.8 2.9 0.1 2.9 2.9 2.8 3.2 3.9 2.9 2.9 2.9 0.1 3.0 2.9 2.8 3.3 3.9 2.9 3.0 2.9 0.1 3.0 2.8 2.9 3.2 3.9 2.8 3.0 2.9 INFORMATION BULLETIN 12/2003 35

Statistical Appendix Tables Table 5. Weighted Average Interest Rates on Zloty Lending Offered by Commercial Banks non-financial corporations Zloty loans households original maturity of: consumer loans with original maturity of: housing loans with original maturity of: overdrafts 1 year 2 years 3 years 5 years > 5 years total overdrafts 1 year 2 years 3 years 5 years > 5 years total 1 year 2 years 3 years 5 years > 5 years total 2002 I I I I 1 2 3 4 5 7 8 9 10 11 12 13 14 15 1 17 18 19 20 13.0 13.1 13.9 13.8 13.8 14.4 13.4 18.0 19.0 19.1 20. 1.1 1.8 18.5 10.3 10.5 10.3 10.4 12.4 11.1 12.8 12.8 13.7 13.8 13.5 14.2 13.2 18.0 19.0 19.0 20. 1.7 1.8 18.5 10.3 10.4 10.3 10.4 11.2 10. 12. 12. 13.1 13.5 13.4 14.1 13.0 18.0 18.9 18. 20.0 1.4 1.8 18.3 9.9 10.0 9.9 10.0 10.9 10.3 12.2 12.2 12.9 12.9 12.8 13.8 12.5 17.7 18.8 18.8 19.9 15.8 1.2 18.1 9.8 9.9 9.8 9.9 10.9 10.2 11.8 11.8 12.4 12.5 12.5 13.4 12.1 17.5 18. 18. 19. 15. 1.4 17.9 9. 9.7 9. 9.7 10.4 9.9 11.4 11.5 12.3 12.3 12.2 13.1 11.9 17.5 18.4 18.5 19.4 15. 1.4 17.8 9.5 9. 9.5 9.7 10.3 9.8 11.1 11.1 11.9 11.9 11.8 12.9 11.5 17.5 18.4 18. 19.2 15. 1.3 17.8 9.3 9.5 9.5 9. 10.3 9.7 10.3 10.3 10.8 11.4 11.0 12.2 10.7 17.9 18.1 18.3 18.9 15. 15.9 17.5 9.0 9.2 9.2 9.3 9. 9.3 10. 10.1 10.8 11.0 11.0 12.0 10.7 17.7 18.1 18.4 18.9 15.5 15.9 17.5 8.9 9.0 9.0 9.1 9.5 9.2 8.9 8.7 8.9 9.1 9.0 8.9 8.8 17.0 18.1 18.4 18.9 1.5 17.3 17.7 9.1 9.1 9.2 10.2 10.1 9. 8.5 8.4 8.5 8.7 8.8 8.7 8.5 1.9 17.9 17.9 18.3 1.0 17.1 17.5 8.9 9.0 9.1 10.2 9.3 9.3 8.2 8.1 8.3 8.4 8.5 8.4 8.2 1.9 17.2 17.1 17.3 15.8 17.0 17.0 8. 8.8 8.9 9.9 9.2 9.1 8.0 7.9 8.1 8.3 8.3 8.2 8.0 1. 17.1 17.1 17.3 15.8 1.9 1.9 8.4 8.5 8. 9. 9.1 8.9 7.7 7. 8.2 8.1 8.3 8.0 7.8 1.4 1.9 1.9 17.0 15. 1.8 1.7 8.2 8.4 8. 9.4 8.3 8. 7.4 7.2 7.8 7.7 7.8 7.8 7.4 1.1 1.8 1.7 1.9 15.5 1.7 1. 8.0 8.1 8.3 9.2 8.2 8.3 7.1 7.0 7. 7.4 7.5 7.5 7.2 1.1 1.3 1.8 1.9 15.1 15.9 1.1 7.8 8.0 8.3 8. 7.8 8.0 7.0.8 7.3 7. 7. 7.3 7.1 15.9 1.0 1.5 1.7 15.0 15.9 15.9 7.4 7.9 8.0 8.5 7.2 7. 7.0.8 7.2 7.5 7.4 7.3 7.0 15.8 15.8 1.5 1.7 15.0 15.9 15.8 7.3 7.8 8.0 8.4 7.2 7..8.8 7.2 7.5 7.3 7.2 7.0 15.8 15.7 1.4 1. 15.0 15.9 15.8 7.3 7.8 7.9 8.4 7.2 7. 7.1 7.0 7.7 7.7 7. 7.5 7.2 15.8 15.8 1.4 1.8 14.4 15.3 15. 7.4 7.9 8.1 8.5 7.1 7. 7.2 7.1 7. 7.8 7. 7.4 7.3 15. 15.7 1.3 1.8 14.9 15.9 15.8 7.5 7.9 8.2 8.5 7.1 7.7 7.0 7.0 7.5 7.7 7.5 7.3 7.2 15.5 15.8 1.3 1.7 14.9 15.8 15.8 7.4 7.9 8.1 8.4 7.1 7. 2002 I I I I loans to private entrepreneurs with original maturity of: 1 year 2 years 3 years 5 years > 5 years total 1 year 2 years Zloty loans, cont. households, cont. agricultural loans with original maturity of: 3 years 5 years > 5 years 21 22 23 24 25 2 27 28 29 30 31 32 33 34 35 3 37 38 39 40 41 14.5 15.2 15.1 13.9 13.8 14.4 13.0 13. 13.5 13.4 13.4 13.4 22.0 20.4 19.8 19.4 20.1 21.3 17.0 15.0 14.4 14.2 14.7 14.8 13.8 14.0 14.3 12.3 12.1 12.1 12.0 12.1 12.1 22.1 20. 19.9 20.1 20.3 21.4 1.9 14.9 14.2 14.2 14.8 14. 13.7 13. 14.2 11.8 11. 11. 11. 11. 11.7 22.2 20.3 19. 19.3 20.3 21.4 1.8 14.7 14.0 13.7 14.2 13.8 13.5 13.4 13.7 11.2 11.2 11.0 11.0 11.1 11.1 21.3 19. 18.7 18.8 20. 20. 1.3 14.2 13.5 13.4 13.9 13.5 13.1 13.3 13.4 10.9 11.1 10.8 10.8 10.9 10.9 21.2 19.4 18.5 18. 20.2 20.5 1.1 13.9 13.2 13.1 13.7 13.4 13.0 13.0 13.1 10.1 10.3 10.3 10.3 10.3 10.3 21.2 19.8 18. 18.7 19.9 20.5 1.0 13.7 12.9 12.8 13.4 13.4 12.8 12. 12.9 9. 9.8 9.8 9.8 9.8 9.8 20.9 19.5 18.3 19.2 19. 20.3 15.9 13.4 12. 12.5 13.0 13.2 12. 12.3 12. 8.8 8.9 9.0 9.0 8.9 8.9 20. 19.3 18.5 19.1 19.5 20.1 15. 12.9 12.0 12.3 13.1 13.0 12.4 12.3 12.5 8.5 8.7 8.7 8.8 8.7 8.7 20. 19.5 18.5 19.0 19.2 20.1 15.5 12.8 11.9 9.5 10.4 10.8 9.1 9.7 9.7 8.5 8. 8. 8.5 8.5 8.5 17.4 1.7 15.4 14.4 13.4 15.9 14. 11. 10.7 9.3 10.1 10. 8.7 9.4 9.4 8.2 8.3 8.3 8.3 8.3 8.3 1.8 15.9 14.1 13.0 12.8 15.1 14.2 11.2 10.4 9.1 9.8 10.4 8.4 9.2 9.2 7. 7.8 7.8 7.8 7.8 7.7 1. 15.3 13.8 12. 12.4 14.8 13.8 10.9 10.0 8.9 9.7 10.2 8.2 9.0 9.0 7.4 7.5 7.5 7.5 7.5 7.5 1.3 14.8 14.0 12.3 12.0 14.5 13. 10.7 9.9 8.7 9.5 10.0 8.0 8.7 8.8 7.1 7.2 7.2 7.2 7.2 7.2 15.1 14.4 13. 12.2 12.0 13.8 13.2 10.3 9. 8.3 9.0 9.7 7.7 8.2 8.4.8 7.0 7.0 7.0 7.0 7.0 14. 14.1 13.3 12.2 11.4 13.4 12.9 10.0 9.3 8.1 9.0 9.1 7.4 8.0 8.2.5...7.7. 14. 14.1 13.5 12. 12.8 14.0 13.1 9.9 9.0 8.1 8.9 9.0 7.3 7.8 8.1.5..... 14.3 13.8 13.4 12.4 12.8 13.7 12.8 9.7 8.9 7.5 8.2 7.8 7.2 7.8 7..5..... 13.5 13.5 13.1 12.1 12.9 13.2 12.5 9. 8.9 7.4 8.2 7.7 7.1 7.7 7.5.5..5... 13.5 13.3 13.3 12.1 12.9 13.2 12.5 9. 8.9 7.7 8.5 7.9 7.3 7.9 7.8.5..5... 13. 13.0 13.1 11. 10.8 12.7 12.2 9. 9.0 7.7 8.5 7.9 7.3 7.9 7.8.5..5... 13.7 13.1 13.0 11.9 10.9 12.8 12.2 9. 9.1 7. 8.4 7.7 7.3 7.8 7.7.5..5... 13.5 13.0 12.9 11. 10.8 12. 12.1 9. 9.2 total 1 year other loans with original maturity of: 2 years 3 years 5 years > 5 years total total total loans to non-financial corporations and households 3 N a t i o n a l B a n k o f P o l a n d

Statistical Appendix Tables Table. Weighted Average Rate of Foreign Currency Deposit and Loans at Commercial Banks Foreign currency deposits 2002 I I I I current accounts 1 month 3 months months original maturity: USD EUR USD EUR USD EUR USD EUR USD EUR USD EUR USD EUR USD EUR 1 2 3 4 5 7 8 9 10 11 12 13 14 15 1 0.3 0.8 0.9 2.0 0.8 1.9 0.8 1.7 1.0 1.8 0.9 1.9 1.0 1.7 0.9 1.8 0.3 0.8 0.8 2.0 0.8 1.9 0.8 1.7 1.0 1.8 0.9 1.9 1.0 1.8 0.9 1.8 0.3 0.8 0.8 1.9 0.8 1.9 0.8 1.8 1.0 1.9 0.9 2.0 1.0 1.9 0.9 1.9 0.3 0.8 0.8 2.0 0.8 1.9 0.8 1.7 1.0 1.8 1.4 2.0 1.3 1.9 0.9 1.8 0.3 0.8 0.8 2.0 0.9 1.9 0.9 1.8 1.0 1.9 1.2 2.0 1.3 1.9 1.0 1.9 0.3 0.8 0.9 1.9 0.8 1.9 0.8 1.7 1.0 1.8 1.2 2.0 1.2 1.9 0.9 1.9 0.3 0.8 0.9 1.9 0.8 1.9 0.8 1.7 1.0 1.8 1.2 2.0 1.2 1.9 0.9 1.9 0.3 0.8 0.9 2.0 0.9 1.9 0.9 1.8 1.0 1.8 1.2 2.0 1.2 2.0 0.9 1.9 0.2 0.8 0.8 2.0 0.8 1.9 0.8 1.8 0.9 1.8 1.0 1.9 1.0 2.0 0.9 1.9 0.2 0.7 0.7 1.9 0.8 1.7 0.8 1. 0.9 1.8 0.9 1.7 0.9 1.8 0.8 1.7 0.2 0.7 0. 1.7 0.7 1. 0.8 1.5 0.8 1. 0.9 1.7 0.9 1.7 0.8 1. 0.1 0. 0. 1.7 0. 1. 0.7 1.5 0.8 1. 0.9 1.7 0.9 1.7 0.7 1. 0.1 0.5 0. 1.7 0.5 1.5 0.5 1.4 0. 1.5 0.8 1.5 0.8 1. 0. 1.5 0.1 0.4 0.5 1. 0. 1.4 0. 1.4 0.7 1.4 0.8 1.5 0.8 1.5 0.7 1.4 0.1 0.3 0.5 1.5 0. 1.4 0. 1.3 0.7 1.4 0.8 1.5 0.8 1.5 0. 1.4 0.1 0.3 0.5 1.5 0.5 1.3 0.5 1.2 0. 1.2 0.8 1.2 0.8 1.2 0. 1.3 0.1 0.2 0.4 1.4 0.4 1.2 0.4 1.1 0.5 1.1 0. 1.1 0. 1.2 0.5 1.2 0.1 0.2 0.4 1.3 0.3 1.2 0.3 1.0 0.4 1.1 0.5 1.0 0. 1.2 0.4 1.1 0.1 0.2 0.4 1.3 0.3 1.2 0.3 1.0 0.4 1.1 0.5 1.0 0. 1.2 0.4 1.1 0.1 0.2 0.4 1.3 0.4 1.2 0.3 1.0 0.4 1.1 0.5 1.0 0. 1.2 0.4 1.1 0.1 0.2 0.4 1.3 0.4 1.2 0.3 1.0 0.4 1.1 0.5 0.9 0.5 1.2 0.4 1.1 0.1 0.2 0.4 1.2 0.4 1.2 0.3 1.0 0.4 1.1 0.5 0.9 0. 1.1 0.4 1.1 1 year 2 years > 2 years total 2002 I I I I overdrafts 1 year USD EUR 19 20 Foreign currency loans 2 years USD EUR 21 22 original maturity: 3 years USD EUR 23 24 5 years USD EUR 25 2 > 5 years USD EUR USD EUR USD EUR 17 18 27 28 29 30 5.2 4.2 3. 5.2 4.5 5.9 4.9 5. 4.3 5.7 4. 5.7 4.3 5. 3.9 5.0 3. 5.1 4.3 5. 4. 5.7 4.1 5.5 4.4 5.7 4.2 5.5 2.5 4.1 3. 5.1 4.3 5.7 4.5 5.7 4.1 5.5 4.4.0 4.2 5.7 2.5 4.0 3.4 4.7 4.0 5.7 4. 5.9 4.2 5.4 4.5 5.9 4.2 5.5 2.4 3.9 3.4 4.9 4.5 5.7 4.5 5.9 4.1 5. 4.4.0 4.1 5.7 2.3 4.1 3.5 5.2 4.4 5.8 4.5.1 4.1 5. 4.3 5.9 4.1 5.7 2.2 4.1 3.7 5.4 4.0 5. 4..0 3.9 5.4 4.4 5.9 4.1 5.7 2.2 3.8 3.5 5.1 3.7 5.2 4.8.3 4.3 5.8 5.0.5 4.4 5.9 1.9 3. 3. 5.4 4.3 5.9 4.4.0 4.3 5.9 4.5.1 4.3 5.9 2.4 3.4 3. 4.8 4.1 5. 4.4 5.8 4.2 5.7 4.5.0 4.2 5. 1.9 3.3 3. 5.0 4.1 5.7 4.3 5.7 4.1 5.5 4.1 5. 4.0 5.4 1.9 3.9 3. 5.0 4.0 5.3 4.2 5.4 4.0 5.3 4.0 5.3 3.9 5.2 1.8 3.9 3.4 4.7 4.0 5.1 4.1 5.3 4.2 5.4 3.9 5.2 3.8 5.1 1.9 2.5 3.4 4. 4.0 5.1 4.1 5.3 4.2 5.4 4.0 5.3 3.9 5.2 1.9 2.8 3.4 4.3 4.0 5.0 4.0 5.1 4.2 5.2 4.0 5.1 3.9 4.9 1.8 2.7 3.3 4.0 3.7 4.7 3.9 4.8 4.0 5.2 3.8 4.8 3.7 4.7 1.8 2.8 3.3 4.4 3.8 4.8 3.8 4.7 4.1 5.2 3.8 4.8 3.8 4.8 1.7 2. 3.3 4.2 3.8 4.7 3.8 4.7 4.1 5.2 3.8 4.9 3.8 4.8 1.7 2.7 3.2 4.1 3.8 4.9 3.9 4.8 4.1 5.2 3.8 4.8 3.8 4.7 1.8 2.9 3.2 4.0 3.9 5.0 3.9 4.8 4.1 5.2 3.8 4.9 3.8 4.8 2. 3.2 3.3 4.3 4.1 4.8 3.9 4.8 4.1 5.3 3.9 4.9 3.8 4.9 1.9 3.3 3.2 3.9 3.8 4.9 3.8 4.7 4.1 5.2 3.9 4.7 3.8 4.7 INFORMATION BULLETIN 12/2003 37

Statistical Appendix Tables Table 7. Number of Accounts Operated by Commercial Banks as of 31 December 2003 30 September 2003 Account type Resident Non-resident Individuals 1 2 3 41,800,295 159,014 41,959,309 1. Zloty deposits 1.1. Overnight deposits 1.2. Deposits with agreed maturity 1.3. Blocked deposits 1.4. Deposits redeemable at notice 38,238,58 79,329 38,317,915 24,584,117 54,30 24,38,477 13,459,827 24,088 13,483,915 187,821 84 188,7,821 35,85 2. Foreign currency deposits 2.1. Overnight deposits 2.2. Deposits with agreed maturity 2.3. Blocked deposits 2.4. Deposits redeemable at notice 3,51,709 79,85 3,41,394 2,087,72 2,582 2,150,344 1,452,994 1,20 1,49,254 20,80 839 21,99 93 4 97 Farmers, private entrepreneurs 2,08,400 544 2,08,944 3. Zloty deposits 3.1. Overnight deposits 3.2. Deposits with agreed maturity 3.3. Blocked deposits 3.4. Deposits redeemable at notice 2,050,931 180 2,051,111 1,959,09 10 1,959,229 8,480 5 8,485 23,347 15 23,32 35 0 35 4. Foreign currency deposits 4.1. Overnight deposits 4.2. Deposits with agreed maturity 4.3. Blocked deposits 4.4. Deposits redeemable at notice 35,49 34 35,833 33,702 35 34,058 1,351 2 1,353 41 422 0 0 0 Non-financial corporations, non-monetary financial institutions, non-profit institutions serving households 1,511,71 5,98 1,517,84 5. Zloty deposits 5.1. Overnight deposits 5.2. Deposits with agreed maturity 5.3. Blocked deposits 5.4. Deposits redeemable at notice 1,418,939 2,42 1,421,581 1,29,744 2,33 1,272,107 131,25 223 131,848 17,508 5 17,54 2 0 2. Foreign currency deposits.1. Overnight deposits.2. Deposits with agreed maturity.3. Blocked deposits.4. Deposits redeemable at notice 92,777 3,32 9,103 71,438 2,843 74,281 18,921 440 19,31 2,410 43 2,453 8 0 8 38 N a t i o n a l B a n k o f P o l a n d

Statistical Appendix Tables Table 8. Deposits in Selected Foreign Currencies by Maturity as of 31 December 2003 Deposits in selected foreign currencies Households Overnight deposits Time deposits, original maturity up to 1 month Time deposits, original maturity over 1 and up to 3 months Time deposits, original maturity over 3 and up to months Time deposits, original maturity over months and up to 1 year Time deposits, original maturity over 1 and up to 2 years Time deposits, original maturity over 2 years Blocked deposits Deposits redeemable at notice Non-financial corporations Overnight deposits Time deposits, original maturity up to 1 month Time deposits, original maturity over 1 and up to 3 months Time deposits, original maturity over 3 and up to months Time deposits, original maturity over months and up to 1 year Time deposits, original maturity over 1 and up to 2 years Time deposits, original maturity over 2 years Blocked deposits Deposits redeemable at notice 11 commercial banks* Currency/ currencies, million zloty % share USD EUR USD EUR 1 2 3 4 5,321.5 3,073.7 59 34 2,190.0 1,11. 4 34 2,30.8 2,04.2 54 43 2,803.2 1,01.8 1 35 4,459.1 1,55.8 70 2 2,179.8 538.5 77 19 1,38.3 1,059.1 5 43 2.2 2.3 8 29 0.5 0.1 80 20 21,033.5 11,181.1 3 33 1,870. 2,870.9 37 5 857.1 1,808.3 31 193.9 113.5 1 3 47.9 24.0 5 32 20.1 17. 53 4 27.1 2.5 17.4 2.4 33 50 118.7 89.8 55 42 0.0 0.0.. 3,152.8 4,953.1 37 58 Table 9. Loans in Selected Foreign Currencies by Maturity as of 31 December 2003 Loans in selected foreign currencies: Households Loans to 1 year, including current accounts Loans over 1 and up to 2 years Loans over 2 and up to 3 years Loans over 3 and up to 5 years Loans over 5 years Non-financial corporations Loans to 1 year, including current accounts Loans over 1 and up to 2 years Loans over 2 and up to 3 years Loans over 3 and up to 5 years Loans over 5 years 11 commercial banks* Currency/ currencies, million zloty % share USD EUR USD EUR 1 2 3 4 141.3 300.3 20 43 31.1 18.4 10 52 30.0 338.7 5 54 132.3 1,007.7 43 1,212.8 5,820.9 7 32 1,547. 7,3.1 7 35 1,957.7 4,300.5 28 0 744.4 1,241.0 31 52 572.2 1,509.3 21 5 2,015.3 3,431.2 38 5 3,725.9 9,552. 24 0 9,015.4 20,034.5 27 0 * Banks are specified in Methodological Notes. INFORMATION BULLETIN 12/2003 39

Statistical Appendix Tables Table 10. Balance Sheet of the National Bank of Poland (million zloty) ASSETS Loans to domestic residents other monetary financial institutions general government other domestic residents 1 Holdings of securities other than shares issued by domestic residents other monetary financial institutions general government Holdings of shares/other equity issued by domestic residents other monetary financial institutions other domestic residents 1 External assets Fixed assets 2 Remaining assets assets I 1999 I I I 2000 I I I 2001 I I I 2002 I I I I 1 2 3 4 5 7 8 9 10 11 12 13 14 9,43. 7,37.0 1,738.9 0.7 1,909.8 389.3 1,520.5 138.5 8.0 130.5 112,038.0 882.0 1,819.8 141,224.7 10,750.3 8,947.4 1,738.9 4.0 17,827.4 389.4 17,438.0 134.2 8.0 12.2 123,77.1 885.3 1,85.5 155,220.8 9,407.0 7,02.5 1,738.9 5. 18,145.5 389.1 17,75.4 134.2 8.0 12.2 120,384.5 888.7 2,253.9 151,213.8 9,274. 7,470.0 1,738.9 5.7 17,570.2 387.2 17,183.0 134.2 8.0 12.2 118,091.4 910.7 2,189.3 148,170.4 9,259.4 7,454.3 1,738.9.2 17,443.1 384. 17,058.5 134.2 8.0 12.2 118,187.2 909.0 1,89.7 147,829. 9,141.4 7,335.3 1,738.9 7.2 17,324.7 380.0 1,944.7 135. 8.0 127. 114,47.9 913.3 2,43.9 144,419.8 9,07.1 7,21.1 1,738.9 7.1 17,134.2 379.0 1,755.2 135.7 8.0 127.7 117,799.0 924.1 1,97.2 14,757.3 9,070.5 7,22.9 1,738.9 8.7 17,53.4 37. 17,18.8 18.9 8.0 10.9 121,390.2 932.5 1,723.4 150,848.9 7,245.8 7,174.9 0.0 70.9 19,534.7 37. 19,158.1 173.9 8.0 15.9 121,7.3 941.5 1,93.4 151,535. 7,197.2 7,125.5 0.0 71.7 19,194.1 371.0 18,823.1 19.2 8.0 11.2 122,28.2 9.5 2,42.2 152,581.4 7,492.9 7,420.4 0.0 72.5 19,408.3 37.7 19,040. 19.2 8.0 11.2 123,189.2 987. 2,719.9 153,97.1 7,151. 7,080.8 0.0 70.8 19,114. 311.3 18,803.3 19.2 8.0 11.2 120,352.1 1,027. 2,775.3 150,590.4 7,135.5 7,04.9 0.0 70. 19,200.1 302.8 18,897.3 19.2 8.0 11.2 120,373.7 1,02.3 3,291.8 151,19. 8,11.2 8,04. 0.0 9. 19,287.0 294.3 18,992.7 19.2 8.0 11.2 11,002.9 1,030.2 3,39.5 148,002.0,974.3,905.0 0.0 9.3 19,422.5 290.8 19,131.7 19.2 8.0 11.2 115,07.8 1,034.3 3,205.7 14,413.8 7,57.0 7,495.2 0.0 71.8 19,290.7 28.7 19,004.0 19.2 8.0 11.2 119,80.0 1,040.1 3,17.0 151,34.0,930.3,859.2 0.0 71.1 19,410.9 281.8 19,129.1 11.2 0.0 11.2 120,044. 1,047.0 3,810.8 151,404.8,801.3,729.8 0.0 71.5 19,545.5 274.1 19,271.4 11.2 0.0 11.2 120,981.4 1,05.4 3,504.9 152,050.7,741.5,70.5 0.0 71.0 19,333.2 22.5 19,070.7 11.2 0.0 11.2 118,024.2 1,02.4 2,011. 147,334.1,723.,52.2 0.0 71.4 19,343.1 20.4 19,082.7 11.2 0.0 11.2 118,739.0 1,070.7 1,895.8 147,933.4,84.4,791.7 0.0 72.7 18,995.0 20.5 18,734.5 17.3 0.0 17.3 122,24. 1,081. 1,09.3 150,991.2,592.2,517.8 0.0 74.4 18,501.2 20.5 18,240.7 17.3 0.0 17.3 129,04.2 1,090.4 1,508.4 15,932.7,0.2,534.4 0.0 71.8 18,174.5 257. 17,91.9 17.3 0.0 17.3 125,49.3 1,104.2 1,227.8 152,938.3,937.8,89.7 0.0 8.1 1,994.9 250.2 1,744.7 203.5 0.0 203.5 120,711.7 1,14.0 899.0 14,892.9,45.1,389.1 0.0 7.0 1,084.8 241.5 15,843.3 203.5 0.0 203.5 121,833.1 1,142.4 1,113.3 14,833.2 7,272.7 7,250.9 0.0 21.8 14,89.8 241.5 14,448.3 452.3 0.0 452.3 123,98.0 1,141. 91.7 148,48.1 7,20.8 7,239.2 0.0 21. 13,952. 241.5 13,711.1 452.3 0.0 452.3 121,517.0 1,139.5 775.4 145,097.,230.0,208.3 0.0 21.7 12,725.5 241. 12,483.9 452.3 0.0 452.3 117,015.3 1,158.9 1,289.8 138,871.8,227.1,205.8 0.0 21.3 12,52.1 238.1 12,414.0 452.3 0.0 452.3 114,544.2 1,13.0 1,255.4 13,294.1 7,3.8 7,15.0 0.0 21.8 12,513.4 238.2 12,275.2 452.3 0.0 452.3 114,141.7 1,170.1 1,085. 13,999.9,089.3,07.2 0.0 22.1 12,203.4 238.2 11,95.2 452.3 0.0 452.3 123,897.3 1,180.8 982.1 144,805.2,185.4,02.7 0.0 122.7 11,901.4 238.2 11,3.2 203.5 0.0 203.5 124,573. 1,18.4 849.0 144,899.3 9,135.7 9,011.3 0.0 124.4 11,80.4 238.2 11,442.2 203.5 0.0 203.5 125,370.4 1,195. 78.7 148,24.3 7,118.4,992.9 0.0 125.5 10,718.3 238.3 10,480.0 22. 0.0 22. 123,898.0 1,204.9 842.2 144,008.4 5,954.8 5,932.4 0.0 22.4 19,182.7 214.1 18,98. 495. 0.0 495. 112,943.7 1,208.5 831.7 140,17.0 5,84. 5,823.8 0.0 22.8 18,94.0 209.0 18,485.0 495. 0.0 495. 111,339.2 1,27.7 70.3 138,358.4 9,212.9 9,190.8 0.0 22.1 18,288.0 203.7 18,084.3 493.8 0.0 493.8 115,237.3 1,274.9 9.1 145,203.0 5,809.0 5,78.7 0.0 22.3 17,734.9 202.4 17,532.5 494.8 0.0 494.8 11,747.0 1,278.5 81.0 142,745.2 5,852.3 5,829.5 0.0 22.8 17,030.9 202.5 1,828.4 494.8 0.0 494.8 117,34.2 1,290.8 914.4 142,947.4 5,32.9 5,10.2 0.0 22.7 14,011.1 202.5 13,808. 494.8 0.0 494.8 113,89.0 1,295.0 717.4 13,020.2 5,70.5 5,83.3 0.0 23.2 13,752.4 202.5 13,549.9 494.8 0.0 494.8 11,327.5 1,312. 721.0 138,314.8 8,205.1 8,181.1 0.0 24.0 13,520.5 202.5 13,318.0 225.8 0.0 225.8 119,301.0 1,320. 08. 143,181. 5,51.2 5,492. 0.0 23. 10,70. 199. 10,51.0 225.8 0.0 225.8 127,379. 1,333.4 00.3 145,815.9 5,523.4 5,499.9 0.0 23.5 10,297.5 199. 10,097.9 225.8 0.0 225.8 12,934.0 1,341.8 53.1 144,885. 5,427.0 5,403.4 0.0 23. 9,3.7 199.7 9,437.0 225.8 0.0 225.8 12,34.8 1,353.1 510.4 143,787.8 5,39.4 5,34.1 0.0 23.3 7,95.1 199.7 7,495.4 225.8 0.0 225.8 123,11. 1,374.9 518.0 138,299.8 7,194.9 7,172.3 0.0 22.,987.8 190.3,797.5 225.8 0.0 225.8 123,44.0 1,394.8 25. 139,892.9 5,25.7 5,234.0 0.0 22.7,75. 18.2,579.4 225.2 0.0 225.2 119,52.7 1,80.0 57. 134,147.8 5,254.8 5,233.0 0.0 21.8,134.9 180.8 5,954.1 225.1 0.0 225.1 121,05. 1,51.9 88.4 135,470.7 5,258.1 5,23.5 0.0 21. 4,121.7 180.8 3,940.9 225.1 0.0 225.1 129,845. 1,497.4 704.1 141,52.0 5,15.4 5,143. 0.0 21.8 3,854.7 180.9 3,73.8 225.1 0.0 225.1 131,170.2 1,01. 728.1 142,745.1 5,102.5 5,081.1 0.0 21.4 3,037.1 180.9 2,85.2 225.1 0.0 225.1 124,281.7 1,21.7 822.2 135,090.3 5,100.7 5,079.1 0.0 21. 2,928.9 180.9 2,748.0 7.2 0.0 7.2 129,377.7 1,27.7 858.4 139,99. 5,004.3 4,982.2 0.0 22.1 3,09.5 180.9 2,888. 7.2 0.0 7.2 130,00.4 1,48.4 85.9 140,1.7 4,98.5 4,93.4 0.0 23.1 2,233.7 180.9 2,052.8 88.2 0.0 88.2 128,994. 1,55.2 1,037.4 138,995. 5,141.9 5,118.9 0.0 23.0 2,100.4 180.9 1,919.5 88.2 0.0 88.2 131,277.5 1,71.2 1,150.1 141,429.3 4,893. 4,89.8 0.0 23.8 2,095.5 181.0 1,914.5 88.2 0.0 88.2 135,741.0 1,8.2 951.2 145,455.7 4,837.4 4,813. 0.0 23.8 593.0 181.0 412.0 88.2 0.0 88.2 140,717.2 1,712.0 1,1.9 149,114.7 4,83. 4,812.8 0.0 23.8 55.2 11.8 403.4 80.8 0.0 80.8 139,20. 1,725.4 1,12.7 147,595.3 4,711.4 4,87.5 0.0 23.9 529.4 145. 383.8 80.8 0.0 80.8 132,111.8 1,7.5 31.9 139,831.8 1 Non-monetary financial institutions and non-financial sector. 2 Excluding financial fixed assets, included in column 8. 40 N a t i o n a l B a n k o f P o l a n d

Statistical Appendix Tables Table 10. Balance Sheet of the National Bank of Poland (million zloty) LIABILITIES Currency in circulation Deposits of domestic residents other monetary financial institutions central government other domestic residents 1 Debt securities issued Capital and reserves Tier-1 capital reserves External liabilities Remaining liabilities liabilities I 1999 I I I 2000 I I I 2001 I I I 2002 I I I I 1 2 3 4 5 7 8 9 10 11 12 32,897.3 30,343.4 22,172.0 7,717.4 454.0 23,274.4 2,437.4 1,570.7 8.7 13,349.7 38,922.5 141,224.7 33,809.5 23,111.2 19,017.0 3,294.7 799.5 31,001.8 2,455.9 1,572.5 883.4 18,535.8 4,30. 155,220.8 35,180.7 24,80. 18,701.7 5,09.9 1,035.0 27,429. 2,309.2 1,57. 732. 14,072.7 47,415.0 151,213.8 35,72.7 30,521.0 23,758.0 5,880.2 882.8 20,045.7 2,297. 1,59.2 728.4 14,019.2 45,524.2 148,170.4 35,938.4 30,05.1 23,38. 5,93.9 975. 19,338.9 2,293.4 1,58.3 725.1 14,579. 45,23.2 147,829. 37,030.7 2,013.1 22,08.8 3,305.2 21.1 22,583.5 2,291.9 1,57.7 724.2 12,954.1 43,54.5 144,419.8 37,490.5 2,901.5 23,522.8 2,737.3 41.4 21,487.5 2,294.7 1,559.7 735.0 1,341.8 42,241.3 14,757.3 37,427.1 2,841.9 19,948.5,340.4 553.0 21,737.5 2,300.9 1,559. 741.3 17,3.9 45,174. 150,848.9 37,548.3 15,581.9 8,20.4,571.5 390.0 30,874.0 5,71.8 1,559.2 4,202. 14,590.2 47,179.4 151,535. 38,478. 13,211.4 9,10. 3,58.8 44.0 31,748.1 5,759.2 1,550.8 4,208.4 14,191.0 49,193.1 152,581.4 38,04.0 1,257.2 9,748. 5,907.9 00.7 29,581.1 5,759.4 1,550.4 4,209.0 14,148.4 50,175.0 153,97.1 43,375.2 1,21.8 9,430.7 5,722.5 1,48. 24,94.0 5,413.7 1,549. 3,84.1 14,489.0 45,99.7 150,590.4 37,325. 18,975.5 7,43.5 11,132.9 40.1 29,178.8 5,454.8 1,585.2 3,89. 12,853.1 47,408.8 151,19. 3,78.0 12,95.8 4,555.2 7,90.8 449.8 37,98.8 5,45.2 1,580.5 3,875.7 9,71.0 45,532.2 148,002.0 3,43.5 1,90. 8,74.1 7,835.8 378.7 33,272.0 5,43. 1,584.0 3,879. 9,58.8 44,712.3 14,413.8 38,279. 17,948.9 11,037.1,433.9 477.9 30,178.4 5,41.2 1,575.1 3,88.1 9,301.7 50,194.2 151,34.0 37,88.5 15,1.7 9,97.9 5,211.1 482.7 33,172.5 5,47.3 1,574.5 3,892.8 9,911.5 49,503.3 151,404.8 38,970.9 15,192.1 12,8.2 1,997.7 328.2 34,177.7 5,527.1 1,27.8 3,899.3 8,07.0 49,575.9 152,050.7 39,082.0 17,80.4 14,542.9 2,9.5 297.0 31,071.8,788.7 1,18.7 5,170.0 7,975.5 44,09.7 147,334.1 38,327.8 18,43.8 12,22.5 5,488.1 749.2 32,193.4,72.2 1,18.8 5,053.4 8,152.3 44,123.9 147,933.4 38,440.9 18,855.5 12,72.8 5,847.3 335.4 29,181.4,332.1 1,18.3 4,713.8 8,54.8 49,52.5 150,991.2 38,293.1 24,520.1 12,153.2 12,022.2 344.7 30,004.0,171.0 1,07.1 4,53.9 8,49.4 49,475.1 15,932.7 37,204.5 21,934.2 8,83.7 12,22.1 475.4 33,37.3 5,851.7 1,0.9 4,244.8 8,75.7 45,544.9 152,938.3 38,54.1 20,029.9 10,209.7 8,797.4 1,022.8 33,738.1 5,402.4 1,05.9 3,79.5 8,509. 40,48.8 14,892.9 35,807.5 28,111.8 17,87.2 9,77.5 48.1 29,545.0 5,121.5 1,59.0 3,525.5 9,40.1 38,787.3 14,833.2 3,252.5 18,888.2 9,293.1 8,878.4 71.7 41,841.8 4,780.5 1,00.3 3,180.2 8,52. 38,10.5 148,48.1 37,242.7 25,034.8 15,02.3 8,95.1 1,052.4 33,397.4 4,505. 1,17.0 2,888. 7,92.3 3,990.8 145,097. 38,99.2 22,947.0 14,989.,803.0 1,154.4 30,232.2 4,43.8 1,0.8 2,857.0 8,517.5 34,012.1 138,871.8 37,43.8 20,702.3 13,875.4,455.5 371.4 33,720.9 4,533.1 1,31.9 2,901.2,78.5 32,925.5 13,294.1 38,757. 21,455.9 13,780.3 7,300.8 374.8 38,139.0 4,52.0 1,731.5 2,794.5,852.3 27,29.1 13,999.9 39,145. 22,320.2 13,882.2 8,18. 29.4 35,455.7 4,339.2 1,721.3 2,17.9 8,34.3 35,198.2 144,805.2 39,343.7 25,958.3 1,80.8 8,825.0 32.5 31,342.9 4,2.5 1,721.3 2,545.2,251.2 37,73.7 144,899.3 40,235.7 22,243.7 12,039.9 9,908.8 295.0 35,871.5 4,210.5 1,718.2 2,492.3,93. 38,7.3 148,24.3 40,58.9 25,83. 12,19.1 13,339.9 327. 32,19.3 4,043.4 1,707.4 2,33.0 7,59.4 33,775.8 144,008.4 41,043.5 31,55.3 17,325.0 13,85.8 35.5 23,35.8 4,024.1 1,707.4 2,31.7 7,771.9 32,84.4 140,17.0 43,130.3 28,23.0 20,57.7,845.2 850.1 24,17.1 4,073.4 1,707.3 2,3.1 7,492.9 31,231.7 138,358.4 40,45.2 24,713.4 10,702.9 13,719.9 290. 34,254.7 3,912.5 1,95.1 2,217.4 7,803.2 34,054.0 145,203.0 41,389.5 30,392. 20,383.1 9,5.7 442.8 23,774.5 3,707.5 1,95.0 2,012.5 7,535.7 35,945.4 142,745.2 43,128.5 31,333.8 15,070.3 15,598.4 5.1 23,139.5 3,842.8 1,94.4 2,148.4 7,175.0 34,327.8 142,947.4 44,1.7 21,135. 10,89.4 10,094.7 351.5 27,345.9 3,05.1 1,94.4 1,910.7 7,731.3 32,035. 13,020.2 43,905.8 18,323.5 7,050.7 10,94.4 308.4 30,21.5 3,511. 1,94.4 1,817.2,804.4 35,148.0 138,314.8 44,934.3 30,57.5 17,87.2 12,47.3 323.0 19,015.2 3,387.3 1,94.4 1,92.9,152.4 39,034.9 143,181. 45,547.5 28,129.4 11,25.2 1,47.7 387.5 22,47.1 3,344.8 1,748.3 1,59.5,55.5 39,752. 145,815.9 45,757.0 28,00.5 11,17.8 1,441.7 442.0 22,41.2 3,227.2 1,748.3 1,478.9 5,40.4 39,559.3 144,885. 45,951.5 28,99.7 11,515.4 17,022.1 432.2 19,07.4 2,980.8 1,748.3 1,232.5 5,74.8 41,044. 143,787.8 4,207.2 25,51.7 13,010.0 12,033.0 518.7 19,041.5 2,975. 1,748.3 1,227.3 7,309.4 37,204.4 138,299.8 45,733.7 25,377.8 11,1.4 13,201.2 50.2 21,020.1 2,87.2 1,748.3 1,118.9 7,803.4 37,090.7 139,892.9 4,745.0 22,734.8 15,312.9,33.1 1,085.8 20,953.0 2,59.0 1,748.3 820.7 5,345.7 35,800.3 134,147.8 45,345.0 27,089.8 13,145.7 13,029.0 915.1 17,25.9 2,573. 1,748.3 825.3,079.2 37,117.2 135,470.7 4,33.5 25,515.4 12,577. 11,959. 978.2 20,829.9 2,542.0 1,748.3 793.7 7,12.7 39,301.5 141,52.0 48,041.4 25,38.1 12,143.9 12,524. 717. 15,23.9 2,557.4 1,748.3 809.1,914.2 44,222.1 142,745.1 50,148.3 24,52. 11,914.0 12,419. 319.0 12,893.3 2,473.5 1,748.3 725.2 5,1. 39,21.0 135,090.3 49,97.8 30,091.0 12,41.0 17,17.2 282.8 12,432.3 2,435.3 1,748.3 87.0,51.1 38,2.1 139,99. 51,408.0 28,48.3 13,057.8 15,29.2 321.3 12,470.1 2,575. 1,845.1 730.5 7,048.0 38,511.7 140,1.7 51,340.8 30,15.7 1,81.8 13,21.0 27.9 11,209.2 2,750.7 1,845.1 905.,29.9 3,899.3 138,995. 52,455.4 18,550.9 9,20.8 9,038.7 251.4 21,548.2 2,84. 1,845.1 1,019.5,824.2 39,18.0 141,429.3 52,05.2 21,80.7 13,948. 7,473. 258.5 1,58.0 2,714.3 1,845.1 89.2 8,981.8 42,887.7 145,455.7 53,432.7 27,04.2 14,01. 12,793.9 253.7 11,145.1 2,941.0 1,845.1 1,095.9 10,141.9 44,389.8 149,114.7 53,538.0 2,79.1 8,04.1 17,795.9 279.1 12,12.9 2,920.0 1,845.1 1,074.9 8,720.1 43,575.2 147,595.3 54,17. 23,590.0 12,152.3 10,78.5 51.2 14,202.0 2,810.7 1,845.1 95. 4,71.8 40,290.7 139,831.8 1 Non-monetary financial institutions, local government, social security funds and non-financial sector. INFORMATION BULLETIN 12/2003 41

Statistical Appendix Tables Table 11. Aggregated Balance Sheet of Other Monetary Financial Institutions (million zloty) ASSETS I 1999 I I I 2000 I I I 2001 I I I 2002 I I I I Loans to domestic residents monetary financial institutions general government other domestic residents 1 Holdings of securities other than shares issued by domestic residents monetary financial institutions general government other domestic residents 1 Holdings of shares/ other equity issued by domestic residents monetary financial institutions other domestic residents 1 1 2 3 4 5 7 8 9 10 11 12 13 14 15 201,542. 54,055.8,94.4 140,522.4 80,.2 23,322.3 55,45.4 1,878.5 3,971. 752.8 3,218.8 21,483.0 14,029. 20,50. 342,253. 202,98.1 51,702.0 7,134. 144,131.5 89,0.7 31,091.9 5,133.9 1,840.9 4,082.4 789.1 3,293.3 21,02.4 14,244.0 22,174.0 353,51. 204,393.7 50,055.5 7,838.8 14,499.4 88,782.2 27,33.3 59,301.9 2,144.0 4,590.9 981.5 3,09.4 19,595.7 14,457.9 22,227.5 354,047.9 211,597.8 54,8. 7,849.1 148,882.1 80,443.2 19,91.1 58,549.2 1,977.9 4,82.2 1,077.7 3,04.5 18,795. 14,721.3 23,72.3 353,9.4 21,390.2 5,.8 8,000.0 151,723.4 80,737.5 19,341.7 59,27.7 2,119.1 4,873.9 1,089.4 3,784.5 20,143.4 14,938.8 22,51.3 359,00.1 21,889.9 54,984.2 8,05.3 153,840.4 83,433. 22,42.2 58,784.4 2,007.0 4,87.7 920.2 3,95.5 19,378.5 15,14.2 24,795.5 34,538.4 219,545. 54,821.0 8,388.2 15,33.4 80,852.1 21,448. 57,541. 1,81.9 5,031.3 931.4 4,099.9 21,517.4 15,411. 23,97.9 3,055.9 223,447.3 53,90. 9,55.0 159,921.7 79,427.7 21,07.1 55,88.9 2,131.7 4,953.8 81.9 4,091.9 27,394.7 15,870.8 24,000.8 375,095.1 223,244.8 47,077.0 10,747.8 15,420.0 87,958.3 30,91.8 55,274. 1,991.9 5,78.3 1,37.4 4,409.9 27,793.4 1,190. 23,131. 384,105.0 22,37.1 45,9.4 10,895. 19,802.1 87,90.8 31,531.1 53,929.4 2,230.3,114.5 1,400.1 4,714.4 28,72.8 1,401.7 23,907.2 389,154.1 229,894.7 45,001.1 10,772.9 174,120.7 8,128.7 29,444.9 54,245.9 2,437.9 5,753.0 1,0. 4,8.4 33,319.0 1,2.3 24,9.4 39,88.1 223,703.9 38,931.0 11,22.9 173,510.0 82,983.5 24,773.8 55,733.8 2,475.9 5,429.2 899.7 4,529.5 32,2. 17,384.7 18,751.7 380,915. 230,102.3 42,349.8 10,739. 177,012.9 85,587.7 29,13.2 53,838.7 2,12.8 5,93.3 1,003.5 4,89.8 32,745.8 17,539.3 24,119.4 395,787.8 229,195.7 40,314.1 10,218.0 178,3. 92,021.7 37,783. 51,407.2 2,830.9 5,.2 1,017.0 4,49.2 33,230.1 17,15.1 25,350.3 403,079.1 237,11.5 47,313.4 9,154.3 181,143.8 87,774. 32,905.2 51,923.2 2,94.2,008.3 1,378.4 4,29.9 35,942.1 17,822.9 25,322.9 410,482.3 241,100.1 47,418.8 8,911.5 184,79.8 85,908.4 29,807.8 53,229.0 2,871.,053.8 1,373.4 4,80.4 37,97.5 18,024.8 23,775.5 412,830.1 244,393.8 49,09.5 8,008.1 187,289.2 89,0.9 32,82.8 54,188.2 2,735.9,274.2 1,391.8 4,882.4 37,127.2 18,17.5 2,945.7 422,524.3 20,042.0 51,74.2 8,031.4 200,33.4 88,518.0 33,707.1 51,71.5 3,139.4,47.3 1,384.0 5,083.3 39,039.4 18,292.9 29,45.5 441,825.1 25,25.5 55,389.4 8,112.1 192,755.0 85,208.3 30,755.0 51,199.2 3,254.1,702.8 1,408.2 5,294. 40,089.0 18,491.4 27,094.1 433,842.1 257,52.7 53,703.7 8,07.7 195,791.3 88,042.7 32,024.2 52,547.2 3,471.3,974. 1,428.8 5,545.8 3,599.2 18,702.3 27,00.5 435,482.0 23,231.1 55,908.0,9.4 200,2.7 90,48.7 29,092.4 58,014.3 3,542.0 7,07.2 1,48.4,138.8 38,374.3 19,00.1 27,042.1 445,93.5 271,003.1 59,07.3 7,58.2 203,737. 8,313.7 30,134.3 52,555.3 3,24.1 7,511.7 1,323.0,188.7 47,815.3 19,357.7 31,32. 43,34.1 27,723.2 54,408.1 8,35.5 204,958. 88,994.0 33,754.0 51,91. 3,548.4 7,724.1 1,33.2,30.9 48,99.1 19,32.8 30,442.2 43,485.4 24,284.8 54,349.,89.3 203,05.9 90,08.5 33,91. 53,03. 3,331.3 7,431.7 1,40.5,025.2 4,914. 20,5.8 21,58.7 450,943.1 2,35.2 54,94.,30.5 205,112.1 84,295.4 29,410.7 51,511.0 3,373.7 7,097.4 1,297.0 5,800.4 45,952.2 20,75.0 28,807.4 453,273. 258,485.5 45,957.5 5,89.8 20,58.2 98,013.7 41,597. 53,250.1 3,1.0 7,1.8 1,271.7 5,895.1 45,845.0 20,909.1 28,324.5 458,744. 23,237.2 50,59.9 5,04.8 207,02.5 91,933.7 33,01.3 55,4.7 3,450.7 7,595.2 1,273.0,322.2 50,357. 22,553.5 2,710.8 42,388.0 24,213.8 50,912.5 5,092.3 208,209.0 89,.9 30,058.3 5,249.4 3,359.2 7,77.3 1,27.7,409. 52,838. 22,789.5 29,7.5 4,952. 24,322.8 50,471.7 5,541.7 208,309.4 95,579.3 33,494.2 58,881.1 3,204.0 7,74.9 1,24.1,500.8 50,523.4 22,991.9 29,8.8 470,851.1 28,211.3 52,353.5 5,714.3 210,143.5 99,123.1 37,830.4 57,798.0 3,494.7 7,821.1 1,259.,51.5 49,471.2 23,09.0 28,82. 47,405.3 273,159.2 50,39.3 7,242.5 215,547.4 9,41.2 34,954.4 58,219.0 3,287.8 7,741.3 1,29.,471.7 54,391.0 23,29. 31,7.2 48,725.5 281,754.4 54,35.5 8,570.2 218,827.7 93,34. 31,1.2 58,592.0 3,0.4 7,497.2 991.2,50.0 54,28.9 23,54.2 30,08.0 490,895.3 281,25.7 49,99.7 9,510.2 222,04.8 102,845.7 35,722. 3,279.3 3,843.8 7,523.1 1,020.0,503.1 53,572.1 23,804.0 31,321.9 500,323.5 281,91.8 49,451.9 11,120.7 221,389.2 99,9.8 32,025.5 3,791.0 3,853.3 7,555.3 1,039.5,515.8 55,24.1 24,278.5 30,792. 499,882.1 28,552.4 54,157.0 10,5.2 221,739.2 92,494.4 23,751.3 4,483.8 4,259.3 7,154.9 1,055.,099.3 58,000. 24,512.8 34,771.0 503,48.1 284,502.3 55,200.1 11,233.4 218,08.8 91,499. 24,3.9 2,907.1 3,955. 7,01.7 1,050.4,011.3 1,108.9 25,101.4 29,302.8 498,57.7 275,195. 45,744. 9,997.0 219,454.0 108,433.0 34,590.5 9,571.2 4,271.3,907.0 1,078.9 5,828.1 59,002.8 24,989. 27,734.3 502,22.3 287,320.9 57,304.4 9,70.3 220,25.2 97,229.9 23,981.0 9,125.8 4,123.1,959.3 1,083.1 5,87.2 59,18.5 25,10. 27,184.2 502,99.4 277,797.5 50,793.5 9,84.5 217,319.5 98,821.9 24,027.4 71,119.5 3,75.0 7,054.8 1,13.1 5,918.7 0,491.4 25,317.4 2,70. 49,243. 270,191. 43,555.4 9,20. 217,375. 101,002.4 27,48.0 9,733. 3,20.8 7,115.9 1,203.0 5,912.9 3,385. 25,517.4 2,44. 493,59.5 274,098.9 43,159. 10,500.1 220,439.2 105,208.4 30,995.9 71,319.4 2,893.1 7,234. 1,250.1 5,984.5 2,39.3 25,70.3 27,15.8 502,017.3 288,53.9 51,709.8 11,520.9 225,30.2 97,117.2 19,381.5 74,892.5 2,843.2 7,327.9 1,275.,052.3 0,905.7 25,877.3 29,031.1 508,79.1 282,504.4 42,4.1 12,395.3 227,43.0 103,45.8 22,8.2 77,70.0 3,100. 7,22.0 1,291.5 5,934.5 55,733.5 2,475. 27,39.0 503,035.3 285,32.3 44,233.9 12,303.7 228,788.7 101,781.7 22,988.5 7,182.4 2,10.8 7,28.4 1,294.5 5,991.9 55,778.3 2,40.8 27,049.0 503,82.5 290,85.0 47,159.5 12,75.0 231,021.5 100,054.1 19,30.4 77,440. 2,983.1 7,07.5 1,277.0,330.5 54,022.7 2,82.5 27,414.5 50,781.3 288,2.9 4,48.0 13,145.7 229,013.2 99,599.1 19,55. 7,72.8 3,279.7 8,125.0 1,24.,878.4 55,290.4 27,00.2 29,170.3 507,871.9 287,584.7 44,570.4 13,00.2 229,954.1 105,210.4 21,.2 80,012.4 3,531.8 7,98.1 1,241.1,745.0 51,354. 27,011.7 27,453.4 50,00.9 288,380.7 4,735.8 14,522. 227,122.3 99,4.0 21,312.9 74,815.2 3,517.9 7,297.4 1,321.4 5,97.0 52,811.1 27,507. 25,90.2 501,549.0 295,20.1 50,35.8 1,049.1 228,935.2 98,52.9 17,80.8 77,35.5 3,525. 7,238.3 1,194.5,043.8 52,8.4 27,187.3 31,70.9 513,001.9 295,17.4 49,22.0 15,418.9 230,522.5 98,871.0 21,098.1 74,809.2 2,93.7 7,353.4 1,215.5,137.9 58,329. 27,227.0 27,474.3 514,422.7 29,501.7 47,135.8 14,044.9 235,321.0 98,03.8 1,115.1 79,14.9 2,783.8 7,18.9 1,14.,022.3 59,179.3 27,510.8 28,7. 517,092.1 292,111.0 43,983.9 14,852. 233,274.5 97,205.7 13,22.3 80,933.1 3,010.3 7,077.7 1,081.5 5,99.2 57,00.3 27,590.9 28,40.5 509,398.1 298,82.5 49,12.4 14,107.0 235,107.1 101,03.5 13,03.5 84,899.7 3,100.3 7,025. 1,088.7 5,93.9 54,859.0 27,9.2 28,739.7 518,15.5 297,17.2 4,042.7 14,557.8 23,5.7 103,281.5 13,049.3 87,091.9 3,140.3 7,33. 1,203.8,132.8 54,332.0 27,701.2 27,824.4 517,42.9 301,183.9 49,30.3 15,124.8 23,752.8 104,921.7 11,753.8 90,395.0 2,772.9 7,48.4 1,322.,145.8 47,51.1 27,971.2 27,074.7 51,181.0 29,534.3 43,000.8 15,14.0 238,387.5 113,77.7 22,13.3 88,97.8 2,3. 7,43.3 1,300.1,13.2 45,887.1 27,888.7 27,178.3 518,728.4 301,57.2 44,22.2 14,914.0 242,391.0 110,319.0 17,171.5 90,59.0 2,551.5 7,49.0 1,358.3,137.7 4,79.4 28,208.1 28,129.2 522,398.9 309,78.2 47,323.2 1,880.1 245,582.9 105,118.9 11,840.5 90,744.9 2,533.5 7,358. 1,280.1,078.5 53,499. 28,385.2 28,502. 532,51.1 30,840.0 41,040.9 17,359.2 248,439.9 107,031.8 12,839.7 91,514.9 2,77.2 7,18.4 1,272.4 5,89.0 5,09.9 28,478.1 27,985.5 534,113.7 303,533.4 40,2.7 19,574.8 243,331.9 107,182.4 14,908.3 89,28.4 3,005.7 7,510.4 1,28.8,241. 55,439.9 28,739.4 25,097. 527,503.1 External assets Fixed assets 2 Remaining assets assets 1 Non-monetary financial institutions and non-financial sector. 2 Excluding financial fixed assets, included in column 9. 42 N a t i o n a l B a n k o f P o l a n d

Statistical Appendix Tables Table 11. Aggregated Balance Sheet of Other Monetary Financial Institutions (million zloty) LIABILITIES Deposits of domestic residents monetary financial institutions other domestic residents 1 overnight with agreed maturity central government redeemable at notice repurchase agreements Debt securities issued Capital and reserves Tier-1 capital Tier-2 capital reserves External liabilities Remaining liabilities liabilities I 1999 I I I 2000 I I I 2001 I I I 2002 I I I I 1 2 3 4 5 7 8 9 10 11 12 13 14 15 1 245,07.7 38,7.0 7,099.2 199,202.5 58,172.9 141,02.5 0.0 3.1 819.7 37,577.9 21,985.4 2,207.7 13,384.8 20,392.8 38,395.5 342,253. 252,512.7 40,718.2,8.7 205,125.8 0,205.8 144,884.3 0.0 35.7 894.7 38,054.4 22,132.0 2,218. 13,703.8 20,44.9 41,454.9 353,51. 253,49.1 38,50. 7,12.0 207,20.5 2,224.4 144,979.1 0.0 3.0 891.7 38,370.5 22,30.5 2,227.9 13,782.1 19,919.0 41,397. 354,047.9 253,389.0 39,082.8 7,41.2 20,890.0 0,582.4 14,304. 0.0 3.0 858.0 39,242.4 22,981.3 2,430. 13,830.5 19,782.8 40,94.2 353,9.4 257,792.5 40,52.5 7,04.2 210,15.8 3,719.5 14,443.3 0.0 3.0 847.5 40,425.7 23,823.0 2,45.1 14,14. 21,355. 39,178.8 359,00.1 20,034.9 41,032.8 7,081.7 211,920.4 5,332.8 14,443.3 0.0 144.3 884.3 41,15.1 24,053. 2,529.8 14,581.7 21,301.4 41,152.7 34,538.4 258,521.2 38,948.0,08.1 212,95.1 5,197.9 147,74.2 0.0 3.0 738.1 41,73.9 24,429.2 2,588.3 14,719.4 25,220.0 39,839.7 3,055.9 25,457.0 41,47.2 7,185.8 21,24.0 7,008.8 149,51. 0.0 53. 745.9 42,133. 24,477.0 2,27. 15,029.0 2,742.5 40,01.1 375,095.1 273,907.2 45,501.0 7,108.3 221,297.9 8,499.2 152,795.7 0.0 3.0 829.4 43,02.1 25,51.7 2,531.5 15,508.9 25,282.2 40,484.1 384,105.0 27,101.4 43,32.1 7,509.0 225,230.3 70,983.7 154,244.1 0.0 2.5 8.2 44,479.7 25,77.1 2,541.9 1,170.7 2,527.0 41,179.8 389,154.1 280,79.8 42,813.8 7,79.4 230,09. 70,584.1 159,483.0 0.0 2.5 855.3 44,543.8 25,409.7 2,19.9 1,514.2 27,257.2 43,352.0 39,88.1 275,58.3 3,239.1,284.8 233,134.4 71,834.8 11,29.9 0.0 2.7 1,197.9 45,509.8 25,09.4 2,704.0 17,19.4 27,97.0 30,582. 380,915. 278,477.8 41,754.1 5,70. 230,93.1 7,22.2 13,723.3 0.0 13. 1,139.2 45,87.2 25,530.9 2,70.4 17,29.9 28,321.3 41,982.3 395,787.8 283,893.2 43,470.8 5,389.0 235,033.4 7,27.8 17,753.8 0.0 11.8 1,290.7 4,178.0 25,70.2 2,703.8 17,804.0 27,472.0 44,245.2 403,079.1 290,945.9 45,044.8 5,59.2 240,304.9 7,059.2 173,239.2 0.0.5 1,294.9 47,07.3 2,087. 2,722.9 18,25.8 2,51.1 44,514.1 410,482.3 291,35. 43,725.8 5,87.9 242,041.9,231.7 175,803.7 0.0.5 1,073.4 48,202.3 2,551.1 2,839.1 18,812.1 28,333.3 43,585.5 412,830.1 298,10. 45,705.8,524.9 24,379.9 8,813.1 177,50.4 0.0.4 1,119.2 49,25.5 27,327.2 2,854.8 19,074.5 28,44.5 45,073.5 422,524.3 312,89.0 45,03.5,753.3 21,079.2 73,880.0 187,19.5 0.0 2.7 1,052.7 51,308.1 28,78.8 2,850.0 19,71.3 29,218. 47,349.7 441,825.1 307,742.3 47,204.,949.2 253,588.5 9,53.7 184,049. 0.0 2.2 1,088.1 52,134.9 29,115.8 2,854.8 20,14.3 28,28.1 44,248.7 433,842.1 308,941.8 47,74.,834.9 254,342.3 70,145. 184,194.5 0.0 2.2 1,11.9 52,773.0 29,149.9 2,852.9 20,770.2 27,8.8 44,93.5 435,482.0 315,317.2 50,010.8,705.3 258,01.1 8,82.5 189,772.4 0.0 2.2 1,19.3 53,5.0 29,294.1 2,955.4 21,31.5 29,89.0 4,015.0 445,93.5 327,381.0 53,898.9 7,430.0 2,052.1 9,304. 19,745.1 0.0 2.4 1,285.4 54,239.0 29,423.0 2,90.0 21,85.0 29,514.3 51,214.4 43,34.1 328,921.5 51,900.9 7,24.2 29,75.4 70,192.2 199,51.8 0.0 2.4 1,424.0 54,903.0 29,549.0 3,030.1 22,323.9 28,211.9 50,025.0 43,485.4 327,09.2 50,8.4 5,89.4 270,540.4 71,322. 199,215.2 0.0 2. 1,494.9 55,791. 30,141.7 2,979.4 22,70.5 27,355.3 39,205.1 450,943.1 320,29. 43,207.2 5,737.4 271,85.0 8,940.3 202,742.3 0.0 2.4 1,80.1 55,915.9 29,842.5 3,094.8 22,978. 27,19.4 47,752. 453,273. 325,335.3 43,779. 5,844.7 275,711.0 9,243.9 20,44.3 0.0 20.8 1,717.1 5,05.1 30,237.2 3,087.8 23,280.1 27,74.2 47,340.9 458,744. 328,84.9 42,510.2,479.8 279,85.9 8,577. 211,155.9 0.0 123.4 1,841.8 58,850.4 31,947.5 3,104.8 23,798.1 27,188.3 45,0. 42,388.0 327,857.4 41,752.1,00.3 280,045.0 7,785.9 212,253.8 0.0 5.3 1,91.8 0,782.0 33,370.9 3,214.3 24,19.8 28,721.4 47,900.0 4,952. 332,45.0 42,411.4,190.1 284,043.5 9,870.1 214,1.5 0.0.9 1,594.9 1,80. 33,889.4 3,25.1 24,70.1 28,244.1 4,50.5 470,851.1 33,98.9 45,87.9,340.9 284,958.1 9,280.4 215,73.2 0.0 4.5 1,49.4 3,893.0 35,232. 3,203.4 25,457.0 28,908.5 45,120.5 47,405.3 339,424.9 42,144.2,179.2 291,101.5 71,985.3 219,115.2 0.0 1.0 1,497.1 4,559.1 35,24.4 3,200.4 2,112.3 31,987.4 49,257.0 48,725.5 344,048.2 43,092.7,21.2 294,739.3 71,395.1 223,343.2 0.0 1.0 1,11.9 4,924. 35,270.7 3,182.3 2,471. 32,79.7 47,513.9 490,895.3 351,244.3 4,54.1 8,53.0 29,054.2 73,592.7 222,40.5 0.0 1.0 1,730.0 5,788.8 35,485.7 3,092.7 27,210.4 32,299.7 49,20.7 500,323.5 350,791.4 43,578.9,972.8 300,239.7 73,189.2 227,049.5 0.0 1.0 1,923.0,913.0 3,089.1 3,073.2 27,750.7 31,835. 48,419.1 499,882.1 351,248.9 42,184.7,943.8 302,120.4 71,200.5 230,919.0 0.0 9.0 2,158.5 7,339.3 3,147.9 3,033.1 28,158.3 31,393.1 51,34.3 503,48.1 353,50.9 39,970.8,400.3 307,135.8 79,235. 227,899.3 0.0 9.0 1,99.2 9,48.5 37,034.8 2,94.8 29,48.9 32,390.1 41,242.0 498,57.7 353,031.0 43,1.0,749.5 302,5.5 74,58.9 227,973.0 0.0 33. 1,999. 7,743.7 37,32.9 918.0 29,498.8 31,487. 48,000.4 502,22.3 352,530.9 42,095.5,707.2 303,728.2 77,042.9 22,79.0 0.0.3 1,709.7 8,345.4 37,439.8 912.4 29,993.2 32,18.2 48,215.2 502,99.4 347,727. 39,911.9 9,173.0 298,42.7 75,350.7 223,12. 28.3 101.1 1,717.1 9,73.2 38,47.5 1,01.2 30,009.5 33,088. 44,037.1 49,243. 342,532.7 3,733.5 9,208.4 29,590.8 75,953.4 220,380.5 17.8 239.1 1,74.7 70,708. 39,199.8 1,015.8 30,493.0 33,74.4 44,997.1 493,59.5 351,097.5 40,032.9 9,730. 301,334.0 81,49.9 219,308.9 17. 537. 1,800.4 71,7. 39,422.1 1,015.2 31,239.3 33,287.4 44,155.4 502,017.3 350,739. 40,294.9 9,908.1 300,53. 84,52.8 215,47.9 20.7 341.2 1,808.1 73,9.7 40,530.8 951.7 32,484.2 34,743.5 47,538.2 508,79.1 347,181.0 34,983. 9,941.9 302,255.5 8,398.7 215,85.2 49.8 121.8 1,72.4 74,791.3 40,583.1 935.9 33,272.3 34,049.2 45,251.4 503,035.3 347,308.0 3,900.3 9,81.3 300,591.4 83,11.0 21,793.0 83.4 104.0 1,801.3 74,995.9 40,450. 95.4 33,579.9 35,11. 44,40.7 503,82.5 347,848.2 39,359.2 9,958.9 298,530.1 84,992.5 213,49.9 7.7 0.0 1,512.4 75,972.8 40,49.1 938.4 34,538.3 34,543.4 4,904.5 50,781.3 34,085.8 3,92.8 10,183.3 298,975.7 84,35.7 214,542.2 7.8 0.0 1,527.1 7,82.8 40,779.7 1,003.4 34,899.7 34,385.5 49,190.7 507,871.9 344,424.8 38,4.8 10,19.0 295,591.0 88,04.5 207,47.4 8.1 0.0 2,355.2 77,071.1 40,74.4 809.1 35,497. 34,514.4 48,235.4 50,00.9 342,324.2 34,78.2 9,909.7 297,4.3 93,335. 204,255.9 54.8 0.0 3,101. 78,11.0 41,39.9 794.7 35,99.4 34,910.0 43,052.2 501,549.0 344,888.8 41,034. 9,980.7 293,873.5 87,314.5 20,489. 9.4 0.0 3,89.7 78,207. 41,19.0 794. 3,244.0 3,032.8 49,97.0 513,001.9 34,738.4 40,25.3 10,339.3 29,133.8 89,482.7 20,581.0 70.1 0.0 4,20.5 78,42.4 41,204.2 800.2 3,38.0 37,523.0 47,258.4 514,422.7 344,189.3 38,97.3 10,334.5 294,878.5 91,335.2 203,457.8 73.7 11.8 4,98.1 79,473.3 41,47. 807.7 37,189.0 39,491.0 48,952.4 517,092.1 339,23.9 3,11.4 10,77.4 292,299.1 84,439.9 207,782.3 72.2 4.7 5,279.5 80,140.3 41,980. 813.0 37,34.7 37,517.3 47,224.1 509,398.1 34,77.1 40,74.0 10,781.0 295,231.1 91,7.2 203,485.5 9.2 2.0 5,55. 80,950.1 42,505.2 814.3 37,30. 37,5.5 47,298.2 518,15.5 343,771.4 3,1.4 10,098. 297,011.4 98,3. 198,297.5 50.3 0.0 5,788.9 81,442.9 42,229. 1,29.1 37,917.2 39,03.2 47,03.5 517,42.9 344,323.9 3,85.9 10,48.9 29,998.1 99,112.1 197,838.3 47.7 0.0 5,829.0 82,095.4 42,490.0 1,187.3 38,418.1 37,705.4 4,227.3 51,181.0 345,5.9 37,28.9 10,27.9 297,70.1 99,450.8 198,24.0 45.3 0.0,328.0 82,218.5 42,511. 1,172.9 38,534.0 38,144.2 4,380.8 518,728.4 344,433.2 34,174.2 10,43.7 299,795.3 102,859.3 19,893.0 43.0 0.0,439.1 82,777.7 42,09.3 1,049.8 39,118. 40,03.4 48,85.5 522,398.9 353,02.1 37,021.5 10,71.2 305,333.4 101,882.8 203,409.9 40.7 0.0,952.5 82,74.0 42,702.7 593.0 39,450.3 41,87.8 48,049.7 532,51.1 351,52.8 35,902.8 10,7.3 304,992.7 10,10.9 198,793.4 38.4 0.0 4,888.7 82,788. 42,770.4 353.9 39,4.3 4,187.1 48,8.5 534,113.7 350,55.1 31,754.3 10,588.1 308,312.7 108,000.3 200,275.5 3.9 0.0 4,543. 83,723.8 43,44.5 1,075. 39,201.7 47,238.5 41,342.1 527,503.1 1 Non-monetary financial institutions, local government, social security funds and non-financial sector. INFORMATION BULLETIN 12/2003 43

Statistical Appendix Tables Table 11.1. Loans to domestic residents households and non-financial corporations (million zloty) Loans Households Other claims Non-financial corporations Loans Other claims Polish zloty individuals foreign Polish currencies individuals zloty individuals foreign currencies individuals Polish zloty foreign currencies Polish zloty foreign currencies 2002 I I I I 1 2 3 4 5 7 8 9 10 11 12 13 14 85,85.1,097.4 42,522.9 1,451.8 11,833.4 3,024.8 1,025. 291.1 40.7 122,230.1 79,729.9 35,201.1,2. 1,032.5 85,823.2 5,82.2 42,573.2 1,729.7 12,333.5 2,934.1 1,01.0 333.2 40.0 122,311.5 80,298.7 34,714.1,209.2 1,089.5 8,52.2 5,405.5 42,73.4 17,829.0 13,522.0 2,943.3 1,04.1 384.4 41.1 124,000.8 79,717.9 3,87.8,418.5 1,17.7 8,749. 4,505.4 42,853. 18,928.0 14,932.5 2,945.3 1,075.3 370.9 42.8 128,129.5 81,410.8 38,74.,90.2 1,24.0 87,972.4 5,511.3 43,753.0 19,09.3 15,373.5 2,997. 1,108.0 37.2 42.0 128,739.3 83,31.7 37,428.2,711.7 1,237. 88,47. 5,55.7 43,889.5 19,542.3 15,884.1 3,024.1 1,12.8 344.5 41. 129,59.0 84,348.7 37,205.9,819.1 1,222.2 89,474.5,227.7 44,57. 19,753.4 1,151. 3,112.4 1,189.3 380.9 79. 130,91.5 85,475.7 3,58.1 7,342.4 1,215.4 89,321.3,077.1 44,52.1 19,753.5 1,35.8 3,075.3 1,238.4 415.4 37.9 129,201.2 85,82.9 35,109.5 7,212.7 1,052.2 89,357.5,005.5 44,419. 19,785.2 1,45.7 3,113.9 1,241.7 453.0 78.3 130,120.7 8,380.9 35,143.8 7,553.8 1,042.2 89,738.7 5,978.1 44,770.0 20,144.5 1,891.3 3,233.2 1,37.8 382.9 38.5 12,87.7 83,01.2 34,345.2 7,3.7 1,104. 90,07.8 5,773.5 44,425.2 20,8.1 17,355. 3,224.2 1,2.2 393.0 43.3 128,427.3 84,401. 35,194.3 7,575.4 1,25.1 90,414.4 5,52.7 43,955.3 21,111.9 17,792.9 3,378.0 1,472.8 397.8 43.7 129,78.1 84,41.8 3,308.0 7,438.7 1,379.7 92,087.4,13. 44,32. 22,203.9 18,743.4 3,301.0 1,30.4 418.9 40. 132,544.0 84,519.4 38,981.4 7,15.1 1,427.9 91,81.9,5. 44,592.5 21,405.0 18,17.7 3,297.8 1,332.9 412.5 38.4 130,890.9 84,11.5 37,027.8 7,897.1 1,354.5 93,057.5 7,43.0 45,449.7 21,87.8 18,82.7 3,298.9 1,373.2 418.7 42.3 131,28.5 84,94.7 37,14.4 7,05.7 1,551. 94,151.0 2,928.8 41,550.4 27,5.9 23,3.2 3,28.2 1,387.3 387.1 59.1 131,713.4 82,333.8 39,84.9 7,754.2 1,70.5 94,944.5 3,993.3 42,34.4 27,324.4 23,545. 3,21.7 1,402.8 35.0 5.8 130,955.1 82,37.5 39,309.7 7,0.1 1,2.9 95,99.2 4,913.1 43,07.7 27,39.9 23,704.8 3,314.8 1,417.8 371.3 57.0 131,784.5 82,83. 39,572. 7,705.7 1,9. 98,3.5 5,895.4 43,902.9 28,994.9 25,225.2 3,392. 1,448.7 380. 59.4 132,909.0 82,095.9 41,28.2 7,754.4 1,790.5 100,182.1 7,194.2 45,043.4 29,19.7 25,535.9 3,434.0 1,471.4 384.2 59.9 134,12.7 82,910.8 41,498.7 7,999. 1,753.7 101,315.2 8,05.5 45,582.5 29,333.7 25,781.5 3,517.5 1,537.4 398.4 4.0 135,595.5 84,327.7 41,435.4 8,109.4 1,723.1 101,949. 9,024.4 4,31.1 29,11.2 25,747.5 3,415. 1,48.3 393.4 1.1 129,980.3 81,373.1 39,120.8 7,834.4 1,52.0 Table 11.2. Deposits and other liabilities households and non-financial corporations (million zloty) Deposits Households Other liabilities Non-financial corporations Deposits Other liabilities Polish zloty individuals foreign Polish currencies individuals zloty individuals foreign currencies individuals Polish zloty foreign currencies Polish zloty foreign currencies 2002 I I I I 1 2 3 4 5 7 8 9 10 11 12 13 14 222,938.9 183,337.9 175,390.5 38,758.9 38,023.5 91.1 523.7 151.0 135.2 4,75.8 34,95. 10,494.3 858.5 447.4 220,839.5 182,505.5 174,90.2 37,52.7 3,798.3 50.5 487.1 15.8 142.4 47,138.7 35,151.1 10,37. 871.8 478.3 221,71.7 182,1.1 174,84.8 38,259.2 37,550.7 589.4 521.1 207.1 187. 50,585.8 38,370.0 10,7.0 1,004.8 535.0 221,77.3 182,078.4 174,44.3 38,804.5 38,153.5 583. 520.5 210.8 191.3 49,154. 3,77.7 10,795.3 93.5 19.1 222,30. 182,185.7 174,23.3 39,39.2 38,821.5 07.5 544. 198.1 180.7 51,124.8 38,147.9 10,81.3 1,551.7 08.9 221,09.8 181,912.4 173,932.7 38,899.7 38,331.0 597.2 534.8 200.5 184.4 50,287.3 38,33.8 9,870. 1,514.2 538.7 219,47.1 180,235.9 172,370. 38,417.7 37,847.9 03.7 555.3 209.7 192.2 50,790. 38,735.2 9,81.5 1,701.1 492.7 217,737.9 179,154.4 171,115.1 37,795.7 37,183.2 580.5 535.3 207.4 189.8 52,53.1 40,399.8 10,018.0 1,02.1 543.3 214,499.5 17,210.8 18,28.9 37,523.0 3,927.1 58.4 520.7 197.3 180.2 51,387. 39,714.9 9,514.8 1,589.1 58.8 213,399.0 175,83.8 1,203.4 3,588.9 35,989.0 933.9 890. 192.4 17.4 55,9.5 44,22. 9,453.2 1,0.0 527. 212,17.5 175,371.7 1,994.0 3,059. 35,522.1 559.9 512.4 185.2 17.1 52,938.0 42,417.5 8,841.1 1,117.8 51. 213,720.3 17,242.1 18,37.0 3,44. 3,098.1 4.7 03.1 18.9 171.9 52,357.4 41,525.7 9,103.0 1,110. 18.0 213,497.3 175,53.9 17,828.8 37,089.3 3,51.4 52.2 519.8 191.8 18.1 52,154. 41,103.8 9,022.3 1,218.7 809.8 210,781.4 174,273.7 1,745.0 35,777.4 35,238.7 54.5 502.9 183.8 13.9 52,55.7 41,20.0 9,098.9 1,187.2 59. 209,205.0 173,195.1 15,51.1 35,19.7 34,3. 57.0 13.7 183.2 14.1 55,388.9 43,928.1 9,709.2 1,177. 574.0 209,158.5 172,722.0 14,718.0 35,744.8 35,237.9 505.3 459.1 18.5 17. 57,378.1 4,124.1 9,481. 1,190.3 582.1 208,94.5 172,781.8 14,338.7 35,205.9 34,14.8 518.3 47.4 188.5 18.1 57,577. 45,. 10,127.5 1,190.3 593.3 208,400. 172,249.4 13,522.2 35,342.0 34,748.5 585.5 544.3 223.7 204.1 58,240.3 4,57.5 9,884.7 1,202.5 585.7 207,8.7 171,238.0 12,414.1 35,814.8 35,247. 590. 547.5 223.3 202.8 1,494.0 49,72.7 9,73.1 1,353.2 14.9 208,480. 171,545.0 12,285.5 3,090.0 35,507. 18.3 5.3 227.4 20.5 5,001.8 51,741.9 10,885. 1,31.4 1,012.9 208,445. 171,409.8 12,442.7 3,037.8 35,403.5 7.1 717.1 231.9 211.4 4,73.5 50,91. 11,405.1 1,353.2 998. 209,927. 173,279.5 12,737.3 35,74.5 35,082.1 44.3 594.5 239.2 215. 9,415.8 5,02.2 11,100.8 1,270.4 982.4 44 N a t i o n a l B a n k o f P o l a n d

Statistical Appendix Tables Table 12. Consolidated Balance Sheet of Monetary Financial Institutions (million zloty) ASSETS Loans to domestic residents general government other domestic residents 1 Holdings of securities other than shares issued by domestic residents general government other domestic residents 1 Holdings of shares/other equity 2 issued by other domestic residents 1 External assets Fixed assets 3 Remaining assets assets I 1999 I I I 2000 I I I 2001 I I I 2002 I I I I 1 2 3 4 5 7 8 9 10 11 149,28.4 8,703.3 140,583.1 73,84.4 71,985.9 1,878.5 3,349.3 133,521.0 14,911. 19,494.5 394,427.2 153,09.0 8,873.5 144,195.5 75,412.8 73,571.9 1,840.9 3,419.5 144,793.5 15,129.3 21,12.1 412,98.2 15,142.7 9,577.7 14,55.0 79,202.3 77,058.3 2,144.0 3,735. 139,980.2 15,34. 21,327.8 415,735.2 158,535.8 9,588.0 148,947.8 77,710.1 75,732.2 1,977.9 3,730.7 13,887.0 15,32.0 22,79. 415,175.2 11,528.5 9,738.9 151,789. 78,454.3 7,335.2 2,119.1 3,910.7 138,330. 15,847.8 20,874.4 418,94.3 13,711.8 9,804.2 153,907. 77,73.1 75,729.1 2,007.0 4,084.1 133,84.4 1,077.5 23,818.4 419,274.3 1,530. 10,127.1 15,403.5 7,158.7 74,29.8 1,81.9 4,227. 139,31.4 1,335.7 22,102.3 424,71.3 171,294.3 11,303.9 159,990.4 75,007.4 72,875.7 2,131.7 4,252.8 148,784.9 1,803.3 22,288.1 438,430.8 17,238.7 10,747.8 15,490.9 7,424. 74,432.7 1,991.9 4,575.8 149,49.7 17,132.1 21,715.1 445,55.0 180,79.4 10,895. 19,873.8 74,982.8 72,752.5 2,230.3 4,875. 151,301.0 17,38.2 22,80.8 452,157.8 184,9.1 10,772.9 174,193.2 75,724.4 73,28.5 2,437.9 4,847. 15,508.2 17,13.9 24,095.0 43,755.2 184,843.7 11,22.9 173,580.8 77,013.0 74,537.1 2,475.9 4,90.7 153,014.7 18,412.3 1,234.5 454,208.9 187,823.1 10,739. 177,083.5 75,348.8 72,73.0 2,12.8 4,851.0 153,119.5 18,55. 23,01.5 43,309.5 188,951.2 10,218.0 178,733.2 73,230.8 70,399.9 2,830.9 4,810.4 149,233.0 18,45.3 25,207.0 40,077.7 190,37.4 9,154.3 181,213.1 74,001.1 71,054.9 2,94.2 4,791.1 151,549.9 18,857.2 25,049.5 44,1.2 193,753.1 8,911.5 184,841. 75,104. 72,233.0 2,871. 4,841. 157,47.5 19,04.9 23,732.4 474,144.1 195,38.4 8,008.1 187,30.3 7,053.2 73,317.3 2,735.9 5,043. 157,171.8 19,223.5 27,028.4 479,888.9 208,439.3 8,031.4 200,407.9 74,082.3 70,942.9 3,139.4 5,244.5 10,020.8 19,349.3 29,115.5 49,251.7 200,938.1 8,112.1 192,82.0 73,524.0 70,29.9 3,254.1 5,455.8 158,113.2 19,553.8 25,112.1 482,97.0 203,930.4 8,07.7 195,82.7 75,101.2 71,29.9 3,471.3 5,707.0 155,338.2 19,773.0 25,71.2 485,5.0 207,395.8,9.4 200,99.4 80,290.8 7,748.8 3,542.0,315.1 10,38.9 20,141.7 24,900.0 499,82.3 211,470.2 7,58.2 203,812.0 74,420.1 70,79.0 3,24.1,35.0 17,879.5 20,448.1 28,933.3 518,51.2 213,38.9 8,35.5 205,030.4 73,15.9 9,08.5 3,548.4,537.2 174,18.4 20,737.0 28,010.9 51,447.3 210,003.3,89.3 203,134.0 73,139. 9,808.3 3,331.3,228.7 17,2.3 21,712.8 18,10.3 49,817.0 211,485.,30.5 205,179.1 70,728.0 7,354.3 3,373.7,003.9 17,785.3 21,898.4 2,077.4 503,978. 212,549.8 5,89.8 20,80.0 70,84.4 7,98.4 3,1.0,347.4 19,813.0 22,050.7 25,542.0 507,17.3 212,88.9 5,04.8 207,24.1 72,28.5 9,177.8 3,450.7,774.5 171,874. 23,93.0 23,788.0 511,447.5 213,323.0 5,092.3 208,230.7 72,092.5 8,733.3 3,359.2,81.9 19,853.9 23,948.4 2,843.5 512,923.2 213,872.4 5,541.7 208,330.7 74,499.1 71,295.1 3,204.0,953.1 15,07. 24,154.9 27,077.3 511,24.4 215,879. 5,714.3 210,15.3 73,57.9 70,073.2 3,494.7 7,013.8 13,12.9 24,2.1 25,972.1 510,312.4 222,812.0 7,242.5 215,59.5 73,472.0 70,184.2 3,287.8,924.0 178,288.3 24,477.4 28,814.1 534,787.8 227,520. 8,570.2 218,950.4 73,81. 70,255.2 3,0.4,709.5 179,202.5 24,750. 27,100.7 539,145.5 231,81.4 9,510.2 222,171.2 78,55.3 74,721.5 3,843.8,70. 178,942.5 24,999. 28,340.8 549,23.2 232,35.4 11,120.7 221,514.7 78,124.3 74,271.0 3,853.3,742.4 179,522.1 25,483.4 27,90.1 550,197.7 232,417.8 10,5.2 221,71. 87,711.7 83,452.4 4,259.3,594.9 170,944.3 25,721.3 31,19.5 554,58.5 229,325.0 11,233.4 218,091. 85,347.7 81,392.1 3,955.,50.9 172,448.1 2,378.1 25,092.4 545,098.2 229,473.1 9,997.0 219,47.1 91,92.8 87,55.5 4,271.3,321.9 174,240.1 2,24.5 24,721.7 552,948.1 230,038.8 9,70.3 220,278.5 90,781.4 8,58.3 4,123.1,371.0 175,915.5 2,385.1 24,410.9 553,902.7 227,02.8 9,84.5 217,342.3 91,22.9 87,947.9 3,75.0,413.5 177,855. 2,08.2 23,33.3 552,83.3 22,58.9 9,20. 217,398.3 87,13.0 83,542.2 3,20.8,407.7 177,254. 2,812.4 23,002.3 547,298.9 230,92.5 10,500.1 220,42.4 87,72.4 84,89.3 2,893.1,479.3 178,9.8 2,982.9 23,803.4 554,957.3 23,851.1 11,520.9 225,330.2 91,053.7 88,210.5 2,843.2,278.1 180,20.7 27,197.9 25,92.7 57,514.2 239,881.9 12,395.3 227,48. 91,331. 88,231.0 3,100.,10.3 183,113.1 27,809.0 24,450. 572,74.5 241,115.9 12,303.7 228,812.2 88,891.1 8,280.3 2,10.8,217.7 182,712.3 27,982. 23,934.4 570,854.0 243,720.1 12,75.0 231,045.1 89,80.7 8,877. 2,983.1,55.3 180,57.5 28,179. 23,904.0 572,878.2 242,182.2 13,145.7 229,03.5 87,537.9 84,258.2 3,279.7 7,104.2 178,407.0 28,435.1 25,514.1 59,180.5 243,03.9 13,00.2 229,97.7 90,341.7 8,809.9 3,531.8,970.8 174,818. 28,40.5 24,447. 58,022.1 241,7. 14,522. 227,145.0 84,912.5 81,394. 3,517.9,201.2 172,373.8 29,187. 22,011.5 55,354.2 245,00.1 1,049.1 228,957.0 8,83.2 83,310. 3,525.,28.9 174,292.0 28,749.2 28,71.3 59,823.7 245,93.0 15,418.9 230,544.1 81,713.8 78,750.1 2,93.7,33.0 188,175.2 28,724.4 24,58.4 575,525.8 249,387.7 14,044.9 235,342.8 85,22.5 82,838.7 2,783.8,247.4 190,349.5 29,112.4 25,514.9 58,234.4 248,148.5 14,852. 233,295.9 8,799. 83,789.3 3,010.3,221.3 181,288.0 29,212. 25,027.5 57,97.5 249,235.7 14,107.0 235,128.7 90,748.0 87,47.7 3,100.3,013.1 184,23.7 29,29.9 25,95.4 585,48.8 251,14. 14,557.8 23,588.8 93,120.8 89,980.5 3,140.3,209.0 184,338.4 29,349. 24,51.7 588,81.1 251,900.7 15,124.8 23,775.9 95,220.7 92,447.8 2,772.9,234.0 17,555.7 29,2.4 24,334.0 583,871.5 253,55.5 15,14.0 238,410.5 93,559.9 90,89.3 2,3.,251.4 177,14. 29,559.9 24,552.0 584,44.3 257,328.8 14,914.0 242,414.8 95,02.0 92,510.5 2,551.5,225.9 182,420.4 29,894.3 25,11.2 59,047. 22,48.8 1,880.1 245,0.7 93,90.4 91,15.9 2,533.5,1.7 194,21.8 30,097.2 25,425.7 12,083. 25,822.9 17,359.2 248,43.7 94,595.5 91,918.3 2,77.2 5,97.8 195,870.5 30,203.5 25,348.5 17,817.7 22,930. 19,574.8 243,355.8 92,57.9 89,52.2 3,005.7,322.4 187,551.7 30,505.9 20,98.9 00,937.4 1 Non-monetary financial institutions and non-financial sector. 2 Including rights issues, units in investment funds and financial fixed assets. 3 Excluding financial fixed assets, included in column 7. INFORMATION BULLETIN 12/2003 45

Statistical Appendix Tables Table 12. Consolidated Balance Sheet of Monetary Financial Institutions (million zloty) LIABILITIES Currency in circulation Deposits of central government Deposits of other domestic residents 1 overnight with agreed maturity redeemable at notice repurchase agreements Debt securities issued Capital and reserves External liabilities Remaining liabilities Excess of inter-mfi liabilities liabilities I 1999 I I I 2000 I I I 2001 I I I 2002 I I I I 1 2 3 4 5 7 8 9 10 11 12 13 30,011.4 14,81. 199,5.5 58,24.3 141,029.1 0.0 3.1 382.5 39,254.5 33,742.5 77,318.0-754.8 394,427.2 30,941.1 9,93.4 205,925.3 1,002.1 144,887.5 0.0 35.7 415.2 39,713.2 39,180.7 87,71.5-914.2 412,98.2 32,027.1 12,81.9 208,241.5 3,25.2 144,982.3 0.0 3.0 595.9 39,90.2 33,991.7 88,812. -305.7 415,735.2 32,52.7 13,29.4 207,772.8 1,42.3 14,307.5 0.0 3.0 00.4 40,454.3 33,802.0 8,218.4 504.2 415,175.2 32,399.8 12,758.1 211,141.4 4,92.4 14,44.0 0.0 3.0 40.1 41,21.7 35,935.2 84,802.0-172.0 418,94.3 33,1.7 10,38.9 212,541.5 5,951.2 14,44.0 0.0 144.3 445. 42,528.8 34,255.5 84,99.2 800.1 419,274.3 34,197.7 9,345.4 213,0.5 5,83.8 147,7.7 0.0 3.0 398.0 43,092.2 41,51.8 82,081.0 388.7 424,71.3 33,991.0 13,52.2 217,177.0 7,559.2 149,54.2 0.0 53. 499.7 43,54. 44,109.4 85,190.7 372.2 438,430.8 34,18.4 13,79.8 221,87.9 8,88.8 152,798.1 0.0 3.0 35.0 47,979.5 39,872.4 87,3.5-130.5 445,55.0 35,00.0 11,095.8 225,94.3 71,445.2 154,24. 0.0 2.5 712.2 48,830.8 40,718.0 90,372.9-272.2 452,157.8 34,454.7 13,704.3 230,70.3 71,182.4 159,485.4 0.0 2.5 23.8 49,228. 41,405. 93,527.0 140.9 43,755.2 38,082.7 12,007.3 234,03.0 73,301.2 11,299.1 0.0 2.7 80.8 50,015.8 42,45.0 7,579.3-342.0 454,208.9 33,515.9 1,893.5 231,39.2 7,29. 13,72.0 0.0 13. 879.0 50,310.5 41,174.4 89,391.1-224.1 43,309.5 33,138.2 13,079.8 235,483.2 7,715.0 17,75.4 0.0 11.8 1,181. 50,09.2 37,143.0 89,777.4-334.7 40,077.7 32,957.4 13,432.0 240,83. 7,435.5 173,241. 0.0.5 1,370.9 51,153.5 3,219.9 89,22.4-427.5 44,1.2 34,19.5 12,301.8 242,519.8,707.2 175,80.1 0.0.5 1,157.3 52,282.1 37,35.0 93,779.7-151.1 474,144.1 33,90.4 11,73.0 24,82. 9,293.5 177,52.7 0.0.4 1,327.1 53,332.0 38,37.0 94,57.8-282.0 479,888.9 35,11.0 8,751.0 21,407.4 74,20.2 187,198.5 0.0 2.7 1,249.2 55,451.2 37,825. 9,925. -474.3 49,251.7 35,088.4 9,915.7 253,885.5 9,831.7 184,051. 0.0 2.2 1,142.4 57,515.4 3,03. 88,858.4-312.4 482,97.0 34,547.7 12,323.0 255,091.5 70,892.8 184,19.5 0.0 2.2 1,070.7 58,01.4 35,821.1 89,00.4-34.8 485,5.0 34,89.5 12,552. 258,93.5 9,159. 189,774.7 0.0 2.2 997.8 58,429.7 38,550.8 95,541.5-1.1 499,82.3 34,085.4 19,452.2 2,39.8 9,47.2 19,747.2 0.0 2.4 894. 59,087.0 37,983.7 100,89.5-73.0 518,51.2 33,545.4 19,88.3 270,231.8 70,5.4 199,54.0 0.0 2.4 1,049.7 59,391.5 3,977. 95,59.9-204.9 51,447.3 34,112.7 14,.8 271,53.2 72,343.2 199,217.4 0.0 2. 1,291.2 59,787.5 35,84.9 79,853.9-323.2 49,817.0 31,94.2 15,504.9 272,153.1 9,40.1 202,744. 0.0 2.4 1,98.9 59,740.4 3,29.5 8,539.9-252.3 503,978. 32,508.3 14,723.1 27,427.7 9,958.2 20,448.7 0.0 20.8 1,719.8 0,113.9 3,308.8 85,501.4-135.7 507,17.3 33,544.5 15,435.9 280,909.3 9,27. 211,158.3 0.0 123.4 1,981.4 2,083.0 35,114. 82,51.4-272. 511,447.5 34,48.4 12,83.3 281,199.4 8,141.3 213,052.8 0.0 5.3 1,24.1 3,978.1 37,238.9 81,912.1-379.1 512,923.2 33,79.9 12,45. 284,414.9 70,239.4 214,18. 0.0.9 1,583.5 5,129. 35,012. 79,432.0-390.7 511,24.4 34,91.5 13,41.7 285,332.9 9,52.9 215,75.5 0.0 4.5 1,5.8 7,159.4 35,70.8 72,389. -500.3 510,312.4 35,301.4 14,347.8 291,370.9 72,252. 219,117.3 0.0 1.0 1,70.2 7,28.7 40,333.7 84,455.2-410.1 534,787.8 35,509.4 15,041.2 295,05.8 71,719. 223,345.2 0.0 1.0 1,550.4 8,199.9 39,047.9 85,250. -519.7 539,145.5 3,575.9 18,444.8 29,349.2 73,885. 222,42. 0.0 1.0 1,40.7 8,979.3 39,23.3 88,027.0-17.0 549,23.2 3,42.2 20,312.7 300,57.3 73,514.7 227,051. 0.0 1.0 1,828.5 9,91.9 39,432.0 82,194.9-9.8 550,197.7 3,37.3 20,809. 302,485.9 71,53.9 230,921.1 0.0 9.0 1,549.9 70,307.8 39,15.0 84,210.7-579.7 554,58.5 38,213. 13,245.5 307,985.9 80,083.5 227,901.5 0.0 9.0 1,290.4 72,491.5 39,883.0 72,473.7-485.4 545,098.2 3,75.5 20,49.4 302,95.1 74,94.9 227,975. 0.0 33. 1,40.1 70,577.3 39,290.8 82,054.4-1.5 552,948.1 37,935.2 1,273.9 304,171.0 77,482.9 22,81.8 0.0.3 1,300.8 70,99.8 39,703.9 84,10. -12.5 553,902.7 38,789.8 24,771.4 299,307.8 7,013.0 223,15.4 28.3 101.1 2.7 72,379.9 40,23. 78,34.9-1,40.8 552,83.3 40,005.0 19,303.1 29,942.3 7,302.2 220,383.2 17.8 239.1 1,242.1 73,110.7 41,405.7 77,032.7-1,742.7 547,298.9 39,822.4 20,95.0 301,42.4 81,775.4 219,311.8 17. 537. 1,223.5 73,938.1 40,091.8 79,303.4-1,759.3 554,957.3 41,221.3 22,375.4 300,859. 84,847.2 215,50.5 20.7 341.2 1,239.3 7,078.4 40,895.9 8,573.1-1,728.8 57,514.2 41,758.8 2,418. 302,43.0 8,783.7 215,87.7 49.8 121.8 1,352.7 7,844. 40,14.7 85,004.0-1,889.9 572,74.5 42,079.3 2,258.0 301,033.4 84,050.2 21,795.8 83.4 104.0 1,254.4 7,928. 40,757.0 84,200.0-1,5.7 570,854.0 41,930. 2,981.0 298,92.3 85,422.0 213,472. 7.7 0.0 758.7 77,7. 40,308.2 87,949.1-1,88.3 572,878.2 42,033.0 22,21.3 299,494.4 84,881.5 214,545.1 7.8 0.0 812.3 78,411.8 41,94.9 8,395.1-1,877.3 59,180.5 42,102.3 23,370.2 29,151.2 88,03.7 207,479.4 8.1 0.0 1,518.8 78,97.2 42,317.8 85,32.1-1,41.5 58,022.1 42,192.7 1,245.8 298,732.1 94,418.5 204,258.8 54.8 0.0 2,555.5 79,408. 40,255.7 78,852.5-1,888.7 55,354.2 41,21.0 23,009.7 294,788. 88,22.1 20,493.1 9.4 0.0 3,301.0 79,58.7 42,112.0 87,093.2-1,88.5 59,823.7 42,744.5 22,298.9 297,112.0 90,227.4 20,814.5 70.1 0.0 3,811.5 79,98.9 44,49.7 8,559.9-1,19. 575,525.8 44,10. 22,859.1 295,59.1 92,050.0 203,40. 73.7 11.8 4,314.0 80,884.1 4,405.2 93,174.5-1,159.2 58,234.4 45,947.1 23,19.0 292,18.1 84,755.5 207,785.7 72.2 4.7 4,729. 81,532.3 43,178.9 8,485.1-989. 57,97.5 4,05.1 27,948.2 295,513.9 91,95.0 203,488.5 9.2 2.0 4,780.5 82,29.7 44,217. 85,90.3-1,28.5 585,48.8 47,378.4 25,37.8 297,332.7 98,982.1 198,300.3 50.3 0.0 5,028.8 82,814.7 4,084.2 8,115.2-1,305.7 588,81.1 47,52.7 23,84.9 297,2.0 99,377.2 197,841.1 47.7 0.0 5,103.5 83,523.5 44,335.3 83,12. -731.0 583,871.5 48,79.0 19,30. 298,011.5 99,99.3 198,2.9 45.3 0.0 5,559.0 83,783.0 44,98.4 85,5.8-1,230.0 584,44.3 48,41.0 17,937.3 300,053.8 103,114.9 19,895.9 43.0 0.0 5,72. 84,133.7 49,045.2 91,573.2-1,009.2 59,047. 49,188.9 23,45.1 305,587.1 102,134.1 203,412.3 40.7 0.0,07.1 84,40.9 52,018.7 92,439.5-1,098.7 12,083. 49,774.3 28,43.2 305,271.8 10,437.2 198,79.2 38.4 0.0 4,050.1 84,43.2 54,907.2 92,21.7-1,34.8 17,817.7 49,41.0 21,374. 308,93.9 108,48.7 200,278.3 3.9 0.0 3,91.7 85,25.7 52,000.3 81,32.8-1,407. 00,937.4 1 Non-monetary financial institutions, local government, social security funds and non-financial sector. 4 N a t i o n a l B a n k o f P o l a n d

Statistical Appendix Tables Table 13. M3 and Counterparts (million zloty) Currency in circulation (excluding vault cash) Currency in circulation (including vault cash) Cash in banks vaults Overnight deposits and other liabilities Households of which: individuals Non- -monetary financial institutions Non-financial corporations Non-profit institutions serving households Local government Social security funds M1 I 1999 I I I 2000 I I I 2001 I I I 2002 I I I I 1 2 3 4 5 7 8 9 10 11 12 30,011.4 32,897.3 2,885.9 58,24.4 33,322.1 28,29.3 1,228.0 1,819.4 2,221.1 4,337.7 9.1 88,35.8 30,941.1 33,809.5 2,88.4 1,002.1 34,4.2 30,217.3 1,31.7 1,31.5 2,052.7 5,077.9 1,277.0 91,943.2 32,027.1 35,180.7 3,153. 3,25.2 3,404.2 31,712.7 1,724.1 1,88.7 2,227.7 5,042.3 1,19.3 95,283.3 32,52.7 35,72.7 3,23.0 1,42.3 3,773. 32,340.2 1,32.5 15,559.2 2,181.3 4,452.3 83.3 93,989.0 32,399.8 35,938.4 3,538. 4,92.4 37,47.3 32,795.7 1,920.2 17,142.4 2,238.1 4,908. 1,00.8 97,092.2 33,1.7 37,030.7 3,414.0 5,951.2 38,832.0 33,87.4 1,815.5 17,339.5 2,381.8 4,845.1 737.2 99,57.9 34,197.8 37,490.5 3,292.8 5,83.8 39,83.2 34,72.4 1,358.7 17,107.8 2,357.5 4,372.7 777.0 100,034. 33,991.0 37,427.1 3,43.1 7,559.2 40,117.7 34,75.2 1,329.1 18,512.3 2,354.8 4,570.8 74.5 101,550.2 34,18.4 37,548.3 3,379.9 8,88.8 40,49.5 35,137.7 1,394.5 19,03.9 2,423.5 4,971.5 53.9 103,055.2 35,00.0 38,478. 3,472. 71,445.2 40,787.1 35,324.4 1,838.0 20,73.9 2,20.3 4,894.9 31.0 10,451.2 34,454. 38,04.0 3,591.3 71,182.4 40,971.1 35,707.2 1,873.0 19,880.1 2,10.3 5,131.9 71.1 105,37.0 38,082.7 43,375.2 5,292.5 73,301.2 40,37.1 33,737.5 1,773.5 22,73.4 2,53.2 4,520. 1,430.5 111,383.9 33,515.8 37,325. 3,809.7 7,29. 39,595. 34,370.3 1,547.3 18,91.2 2,453.0 4,448.8 8.7 101,145.4 33,138.2 3,78.0 3,539.8 7,715.0 39,30.2 34,784.9 1,709.3 18,190.0 2,34.4 5,092.1 747.0 100,853.2 32,957.4 3,43.5 3,479.1 7,435.5 39,83.7 34,871.2 2,031.4 17,877.0 2,29.0 4,890.2 57.3 100,392.9 34,19.5 38,279. 3,0.1,707.3 40,457.1 35,794. 1,859.3 17,039.7 2,30.2 4,431.5 559.5 101,32.8 33,90.4 37,88.5 3,728.1 9,293.5 40,287.5 35,411.4 1,992.1 18,785.8 2,485.1 5,000.5 742. 103,253.9 35,11.0 38,970.9 3,854.9 74,20.2 42,992.0 37,991.5 4,294.3 19,030.8 2,572.7 4,738.0 578.5 109,322.2 35,088.4 39,082.0 3,993. 9,831.7 41,105.7 35,91.3 1,482.3 19,238.8 2,733.1 4,99.9 571.8 104,920.1 34,547.7 38,327.8 3,780.1 70,892.8 40,855.8 35,02.4 1,75.5 19,589.2 2,9.2 4,883.3 841.8 105,440.5 34,89.5 38,440.9 3,751.4 9,159. 40,81.7 35,523.8 1,370.8 18,730.3 2,594.5 5,27.7 514.5 103,849.1 34,085.4 38,293.1 4,207.7 9,47.2 40,37.2 34,83.9 1,747. 19,11.5 2,00.2 5,235.7 534.9 103,732. 33,545.4 37,204.5 3,59.1 70,5.4 40,233.8 34,728.8 1,718.0 20,259.4 2,773.3 4,997.0 83.9 104,210.8 34,112.7 38,54.1 4,451.4 72,343.2 40,97.0 34,79.2 1,01.9 21,422.9 2,539. 4,09. 1,193.2 10,455.9 31,94.2 35,807.5 3,843.3 9,40.1 40,337.8 34,839.5 1,99.5 19,027.2 2,18.2 4,542.3 911.1 101,370.3 32,508.3 3,252.5 3,744.2 9,958.2 40,511.0 35,429.0 2,107.4 18,122.5 2,701.3 5,341.5 1,174.5 102,4.5 33,544.5 37,242.7 3,98.2 9,27. 40,731.5 35,742.4 1,47.3 18,399.0 2,485.1 5,095.2 1,440.5 103,172.1 34,48.4 38,99.2 4,212.8 8,141.3 40,881.8 3,07.8 1,25.9 17,951. 2,437.1 4,532.5 712.5 102,27.7 33,79.9 37,43.8 3,84.9 70,239.4 40,981.5 35,799. 1,792.7 19,024.5 2,53.9 5,079.2 797. 104,03.3 34,91.4 38,757. 3,79.1 9,52.9 41,591.4 3,35.5 1,494.3 18,304.2 2,745.2 4,811.2 70. 104,14.3 35,301.4 39,145. 3,844.2 72,252.5 43,579.2 37,572.0 1,92.7 18,743.5 2,929.0 4,580.7 727.4 107,553.9 35,509.5 39,343.7 3,834.3 71,719. 43,57.3 37,404. 1,44.7 18,552.2 2,12.9 4,540.4 712.1 107,229.1 3,575.9 40,235.7 3,59.8 73,885.5 44,402.0 38,218.7 1,25.8 19,01.2 2,95.9 4,917.3 913.3 110,41.4 3,42.2 40,58.9 3,944.7 73,514. 43,37. 37,113.3 1,9.8 19,510. 2,703.3 4,855.8 1,137.5 110,15.8 3,37.3 41,043.5 4,40.2 71,53.9 40,142.8 33,933.0 2,38.4 20,210.1 2,747.3 5,228.4 8.9 108,201.2 38,213.5 43,130.3 4,91.7 80,083.5 44,22.8 3,413.8 2,139.1 24,837.8 2,772.2 4,73.3 1,344.2 118,297.0 3,75. 40,45.2 3,708.7 74,94.9 43,890.1 37,178.4 2,020. 20,344.5 3,044.1 4,828.3 819.3 111,703.5 37,935.2 41,389.5 3,454.3 77,482.9 45,414.4 39,14.8 2,441.0 19,757.9 3,052.5 5,747. 1,09. 115,418.1 38,789.8 43,128.5 4,338.7 7,012.9 45,843.8 39,29.4 2,21.5 18,313. 2,55.7,105.8 97.5 114,802.7 40,005.0 44,1.7 4,11.7 7,302.2 45,23.7 38,853.3 2,395.8 19,282.4 2,53.9 5,952.0 754.3 11,307.2 39,822.4 43,905.8 4,083.4 81,775.3 4,728.8 40,073.2 2,14.9 22,373.0 2,758.4,455.4 844.8 121,597.7 41,221.3 44,934.3 3,713.0 84,847.2 47,22.2 40,708.1 3,55.2 23,998.4 2,848.0,384.5 825.0 12,08.5 41,758.7 45,547.5 3,788.7 8,783.8 47,970.9 41,14.1 3,51.0 24,931.7 2,893.1,514.4 957. 128,542.5 42,079.3 45,757.0 3,77.7 84,050.2 48,150.3 41,27.2 2,974.5 22,743.5 2,880.4,310.0 991. 12,129.5 41,930. 45,951.5 4,020.9 85,422.0 47,488.8 40,73.7 2,55.4 24,490. 3,00.,820.1 99.5 127,352. 42,033.0 4,207.2 4,174.2 84,881. 47,154. 40,121.2 2,92.4 23,879. 2,883. 7,078.7 922.7 12,914.5 42,102.2 45,733.7 3,31.4 88,03.7 49,193.1 42,250.8 3,393.5 24,359.9 2,94.2 7,438.1 1,272.9 130,705.9 42,192.8 4,745.0 4,552.3 94,418.5 49,959.2 41,17.5 3,319. 29,73.5 3,179.,549.4 1,737.3 13,11.2 41,20.9 45,345.0 3,724.0 88,22.1 48,92.7 41,485.7 3,547.0 25,533.9 2,80.0,372.8 1,219.7 129,847.0 42,744.5 4,33.5 3,592.0 90,227.4 50,274.8 43,521.2 3,454.4 25,014.7 2,800.4 7,255.0 1,428.1 132,971.8 44,10.7 48,041.4 3,880.8 92,050.0 50,398.4 43,21.7 3,100.1 27,045.5 2,970.4 7,220.2 1,315.5 13,210.7 45,947.1 50,148.3 4,201.2 84,755.5 49,859.7 43,345.8 2,483. 22,390.7 2,37.9,597.2 78.3 130,702. 4,05.1 49,97.8 3,41.7 91,95.0 50,49.3 43,737.9 4,212.8 2,175.9 2,809.7 7,230.2 1,058.1 138,012.1 47,378.4 51,408.0 4,029. 98,982.1 51,918. 44,78.8 3,872. 31,523. 3,157.2 7,1.0 1,344.1 14,30.4 47,52.7 51,340.8 3,778.1 99,377.2 52,905.5 45,233.1 4,797.4 30,529.4 3,208.1,799.2 1,137.7 14,939.9 48,79.0 52,455.4 3,77.4 99,99.3 53,534.3 45,02.1 4,78.9 30,01.5 3,209.3,10. 95.7 148,378.3 48,41.0 52,05.2 3,94.2 103,114.8 53,4.4 45,24.5 3,907.7 34,057.7 3,473.7 7,121.5 889.7 151,755.9 49,189.0 53,432.7 4,243.8 102,134.1 53,14.2 45,20.2 3,77.0 33,147.9 3,429.2 7,50.8 759.0 151,323.1 49,774.3 53,538.0 3,73.7 10,437.2 5,59.3 48,482.7 4,591.7 33,058.9 3,9.3 7,844. 58.4 15,211.5 49,41.0 54,17. 4,70. 108,48.7 57,032.1 47,37.8 4,331.2 35,594.5 3,721.2 7,007.8 91.9 158,04.7 1 From March 2002 through May 2003 tomnext and spotnext deposits are included in Deposits with agreed maturity. Starting from June 2003. They are classifield to Overnight deposits. 2 Data for Shares and other equities have been revised for January 1999-April 2000. INFORMATION BULLETIN 12/2003 47

Statistical Appendix Tables Table 13. M3 and Counterparts (million zloty), cont. Deposits and other liabilities with agreed maturity up to 2 years and blocked deposits Households of which: individuals Non- -monetary financial institutions Non- -financial corporations Non-profit institutions serving households Local government Social security funds Deposits redeemable at notice up to 3 months M2 Repurchase agreements Debt securities issued with maturity up to 2 years M3 I 1999 I I I 2000 I I I 2001 I I I 2002 I I I I 13 14 15 1 17 18 19 20 21 22 23 24 25 137,19.8 108,198. 10,59.2 3,30.2 18,748.5 4,157.0 2,784.0 101. 0.0 22,255. 3.1 84.0 22,342.7 141,353. 110,472. 108,90.8 3,801.0 19,035.7 4,28.7 3,49. 21.0 0.0 233,29.8 35.7 91.4 233,423.8 141,377.2 111,012.4 109,51.0 3,25.3 18,937. 3,994.8 3,732.9 74.1 0.0 23,0.4 3.0 85.0 23,748.5 142,87.3 111,02.8 109,585.2 4,007.0 19,295.4 4,118.5 4,120.7 118.9 0.0 23,7.3 3.0 105.1 23,784.4 142,821.0 111,28.7 109,82.1 4,019.3 19,0.1 4,184.7 4,11. 15. 0.0 239,913.2 3.0 108.4 240,024.5 142,809.1 111,3.9 109,928.2 4,803.9 18,155.2 4,285.4 4,038.8 158.9 0.0 242,377.0 144.3 109.9 242,31.2 144,05. 112,07.0 110,54.9 4,31.2 18,804.8 4,27.4 3,973.4 222.8 0.0 244,091.2 3.0 115.7 244,209.9 145,803.1 113,454.9 111,95.2 3,970.0 19,782.9 4,434.2 3,929.4 231. 0.0 247,353.3 53. 122.8 247,529.7 148,97.3 115,457.1 113,989.1 4,21.2 20,098.0 4,808.2 4,031.1 311.7 0.0 252,022.4 3.0 122.5 252,147.9 150,38. 11,84.8 115,403.4 4,244.5 20,195.1 4,41.0 4,094.5 34.5 0.0 25,819.7 2.5 133.9 25,95.1 155,715.7 117,75. 11,352.7,279.7 22,050.9 4,950. 4,309.7 359.2 0.0 21,352.7 2.5 145.5 21,500.8 157,31.7 118,889.8 117,390.4 5,9.5 24,35.5 4,807.4 2,913. 374.0 0.0 28,700.5 2.7 14. 28,87.8 159,707.2 123,977.4 122,599.2 5,175.3 21,12.0 4,889.3 3,932.5 570.7 0.0 20,852. 13. 174.3 21,040.5 13,578.7 12,12.5 124,805.3 5,583.3 21,853. 5,034.9 4,572.5 407.9 0.0 24,431.9 11.8 184.3 24,28.1 19,205.3 128,10.1 12,739. 5,494.0 23,970.1 5,517.5 5,079.9 1,037.7 0.0 29,598.1.5 183.5 29,788.1 171,42.9 130,94.9 129,58.7 5,902.3 22,713.4 5,715.8 5,039.1 1,325.5 0.0 272,99.7.5 182. 273,158.8 173,43.9 132,9.8 131,390.1 5,590.0 23,24.7 5,51.4 4,983. 1,358.5 0.0 27,90.8.4 189.1 27,88.4 182,371.1 134,320.5 132,922.5 11,85.4 24,047.9 5,805.3 5,019.0 1,313.0 0.0 291,93.4 2.7 190.8 291,88.9 179,337. 13,5.4 135,272.5 4,955.8 25,14.5,019.4 4,894.7 1,4.7 0.0 284,257.7 2.2 255.8 284,515.7 179,474.4 138,51.0 137,145.1 5,48.8 23,503.7 5,717. 4,791.1 1,252.2 0.0 284,914.9 2.2 253.9 285,171.0 185,003.1 141,540.0 140,053.9 5,554.1 24,301.,34.7 5,230.5 2,030.1 0.0 288,852.1 2.2 285.8 289,140.1 191,715.5 145,951.9 144,487.1,937.8 24,923.5,34.9 5,244.8 2,022.5 0.0 295,448.1 2.4 284.3 295,734.8 194,539.2 148,208.2 14,731.4 7,221.7 25,814.1,354.7 4,75.9 2,183.7 0.0 298,750.0 2.4 300.5 299,052.9 193,98.2 150,099.7 148,445.8,834.1 25,17.7,39.0 3,158.3 2,330.4 0.0 300,424.1 2. 330. 300,757.3 197,0.2 154,557.4 152,947.8,971.2 23,573.8,413.2 3,943. 2,147.0 0.0 298,97.5 2.4 20.8 299,239.7 201,132.4 157,779.8 15,173.2,80.5 23,315.1,291.8 4,58.7 2,31.5 0.0 303,598.9 20.8 23.8 303,883.5 205,893.7 10,375.9 158,742.1,313.7 25,597.9,89.2 4,593.7 2,323.4 0.0 309,05.8 123.4 27.5 309,45.7 207,15.0 10,570.7 158,929.4 7,144.7 25,419.7,994.8 4,833.4 2,51. 0.0 310,242.7 5.3 284.4 310,532.4 208,40.1 12,152.0 10,5.3 7,091.8 24,890.8 7,012. 4,854.2 2,458.7 0.0 312,49.4.9 291.1 312,794.4 209,72.3 13,891.5 12,22.1,879.2 24,704.5,958.8 4,540.9 2,97.3 0.0 314,28.7 4.5 29.1 314,587.3 212,482.4 1,807.3 15,020.4,18.4 25,47.9,783.8 4,248.9 2,547.2 0.0 320,03.3 1.0 301.4 320,338.7 21,17.4 18,98.0 1,753.2,519.9 2,74.4 7,379.9 4,252.0 2,52.2 0.0 323,405.5 1.0 304.9 323,711.4 214,892.2 18,75.3 1,851.,540.8 2,25.5,895.3 4,178.0 2,25.3 0.0 325,353. 1.0 285.0 325,39. 219,089.4 19,080.7 17,049.0 7,212.2 29,09.1 7,213.0 4,377. 2,109.8 0.0 329,24.2 1.0 274.1 329,521.3 212,971.9 10,297.5 158,400.7 10,22.9 28,404.9 7,280. 4,238.0 2,524.0 0.0 321,173.1 0.9 297.4 321,471.4 209,901.2 159,35. 157,08.2 8,475.2 29,420.0 7,015. 2,893.8 2,41.1 0.0 328,198.3 0.9 234.7 328,433.8 210,479.9 12,393.3 10,110.2,33. 29,000.4,928. 3,309. 2,214.4 0.0 322,183.3 33. 221.5 322,438.4 209,191. 11,912.7 159,843.0,941.0 27,45.7 7,01. 3,803.8 2,015.8 0.0 324,09.7.3 220.3 324,83.3 204,192.3 11,80.9 159,73.2 3,598.5 27,852.7,35.4 3,458.9 1,04.9 1.9 319,011.9 101.1 258.8 319,371.8 201,23.9 10,057.1 158,00. 3,5.8 27,318.0 5,94.4 3,023.5 1,217.1 17.0 317,51.2 239.1 135.1 317,935.3 200,433.4 159,542.4 157,722.8 3,212.5 27,792.1 5,480. 3,340.2 1,05.5 17.2 322,048.3 537. 10.4 322,74.3 195,851.3 158,422.9 15,5.8 3,114.8 24,53.5 5,380.3 3,109.8 1,20.0 20.7 321,940.5 341.2 148.5 322,430.2 195,12.7 158,102. 15,435. 2,771.1 25,583.8 5,281. 3,050.5 823.0 48.5 324,203.7 121.8 173.5 324,498.9 19,49.3 157,02.5 155,402.7 3,039.3 2,937.7 5,414.2 3,178.2 1,017.3 81.9 322,80. 104.0 18.8 323,133.4 193,28.0 155,374.5 153,783.5 3,080.7 25,714.5 5,194.7 3,023.5 898.1 52.2 320,90.8 0.0 159.3 320,850.2 194,117.8 153,89.4 152,102.7 3,07.3 28,092.7 5,504.5 3,123.7 40.2 52.4 321,084.8 0.0 11.5 321,24.2 18,778.0 148,17. 14,07.0 3,305.2 2,415.0 5,279.5 2,970.3 40.5 52.8 317,53.8 0.0 831.9 318,38.7 183,518.0 14,314.2 144,07. 3,930.3 25,348. 5,087.1 1,85.2 981. 53.5 320,182.7 0.0 1,778.5 321,91.2 185,518.2 14,180.9 144,522.2 4,07.3 2,719.7 5,254.1 2,783. 503.5 54.3 315,419.5 0.0 2,30.1 317,779. 185,419.0 145,72. 144,15.5 4,148.1 2,52. 5,198. 3,209. 447. 55.0 318,445.8 0.0 2,38.5 321,084.3 181,04.4 145,197.0 143,73.4 3,559.1 24,399.4 5,19.8 2,952.9 32.2 58.7 317,873.8 11.8 3,027.9 320,913.5 18,43.0 143,223.3 141,721.3 4,433.8 29,571.3 5,422.7 3,24.8 55.2 57.2 317,222.9 4.7 3,304.2 320,531.9 182,14.2 141,11.9 139,90.0 3,354.7 28,572. 5,244.8 3,501.1 374.1 54.3 320,230.7 0.2 3,391.9 323,22.8 17,45.5 139,82.2 138,3.4 3,300.3 25,184.3 5,192.0 2,821.4 27.4 49. 322,8.5 0.0 3,74.5 32,31.0 17,055.1 138,258.5 13,944.2 3,281.2 2,344.4 4,970.0 2,82.0 339.0 47.0 323,042.0 0.0 3,83.9 32,878.9 17,31.9 137,270.9 135,931.9 3,593.3 2,92.1 5,097. 2,890.1 584.0 44. 324,784.8 0.0 3,937.9 328,722.7 175,128.5 13,44.4 135,344.5 3,5.8 2,721.9 5,013.3 2,579.9 512.2 42.3 32,92. 0.0 3,97.1 330,893.8 181,047.7 137,043.9 135,00. 4,43.5 30,73.5 5,15.2 3,131.3 534.4 40.1 332,410.8 0.0 4,000.1 33,410.9 178,017.5 133,982.3 132,598.8 5,023.9 30,549.4 4,831. 3,00.8 23. 37.9 334,2.9 0.0 2,025.4 33,292.3 179,712.8 135,374. 133,859.2 4,09.9 32,89.8 4,855.4 1,784. 398.5 3.4 337,813.9 0.0 2,297.0 340,110.8 48 N a t i o n a l B a n k o f P o l a n d

Statistical Appendix Tables Table 13. M3 and Counterparts (million zloty), cont. Net external assets External assets External liabilities Credit to other domestic residents Loans to other domestic residents Households of which: individuals Non-monetary financial institutions Non-financial corporations Non-profit institutions serving households I 1999 I I I 2000 I I I 2001 I I I 2002 I I I I 2 27 28 29 30 31 32 33 34 35 99,778.5 133,521.0 33,742.5 148,29.4 142,73.5 41,921.3 24,129.7 3,747.0 93,955. 959.2 105,12.7 144,793.5 39,180.7 151,995.5 14,329.9 42,81.9 24,52.5 3,73. 9,72.0 925.0 105,988. 139,980.2 33,991.7 154,955.1 148,8.0 44,14. 25,310.9 4,087.2 97,175.8 1,155.3 103,085.0 13,887.0 33,802.1 157,108.1 151,020.5 45,321.4 2,10.5 4,231.7 98,075. 1,319.2 102,395.4 138,330. 35,935.2 10,305.7 153,875.4 4,748.5 27,08. 4,410.9 99,442.8 1,187.3 99,590.9 133,84.4 34,255.5 12,498.7 155,984. 48,135.1 28,318.9 4,725.0 99,701.2 1,34.3 97,754.7 139,31.4 41,51.7 15,037.7 158,557.3 49,593.8 29,50.0 4,925.7 100,434.8 1,449.3 104,75.4 148,784.9 44,109.5 19,043.1 12,241.9 51,231.1 30,979.5 4,83.8 102,750.3 1,145.1 109,597.3 149,49.7 39,872.4 174,847.7 17,814.2 52,52. 32,35.1 5,388.1 10,239.0 1,211.3 110,582.9 151,301.0 40,718.0 179,900. 172,25.8 54,170.1 33,572.7 5,757. 108,51.2 1,384.9 115,102. 15,508.2 41,405. 184,478.0 17,58.4 55,959.9 35,008.3,150.1 110,584.2 1,499.0 110,558.7 153,014.7 42,45.0 18,339.2 178,714.2 57,370.7 3,593.3,938.0 107,73.3 1,598.7 111,945.1 153,119.5 41,174.4 190,01.5 182,102.9 57,828.4 3,799.1 7,101.7 110,714. 1,438.8 112,090.1 149,233.0 37,142.9 191,704.0 183,583.2 58,0.9 37,231.5 7,708.4 111,014. 1,403.2 115,330.1 151,549.9 3,219.8 194,258.0 18,01.9 0,245.3 38,491.9 8,084.8 111,401.2 1,481.9 120,012.4 157,47.5 37,35.0 198,001.8 189,74.4 1,279.7 39,115.9 8,193.7 113,770.8 1,597.4 118,795.8 157,171.8 38,37.0 200,4.4 192,375. 3,044.5 40,589. 8,259.2 114,58.1 1,398.5 122,195.2 10,020.8 37,825. 214,379.3 205,503.1 73,507.9 50,813.2 8,734.1 11,23.7 1,542.2 121,509.5 158,113.1 3,03.7 207,822.7 198,13.9 5,988.2 43,203.7 8,88.9 11,515.7 1,33.3 119,517.2 155,338.3 35,821.0 211,51.4 201,894.2 7,23. 44,28.9 8,.4 118,57.8 1,391.9 122,088.1 10,39.0 38,550.8 21,922.5 20,451.5 8,872.5 45,588.9 8,994.0 121,298.3 1,534.7 138,895.7 17,879.4 37,983.7 220,78.3 210,12.5 70,47.5 4,34.0 8,98.9 122,72.0 1,703. 137,40.9 174,18.5 3,977.5 222,41.1 211,8.5 71,351.4 47,20.9 8,873.1 123,220.2 1,585.7 131,71.5 17,2.3 35,84.9 218,23.9 208,25.8 72,091.3 48,188.4 8,983.8 120,04.5 1,454.4 131,155.8 17,785.3 3,29.5 220,52.2 210,500.9 72,29.8 48,305.4 8,948.0 122,547.7 1,38. 133,504.3 19,813.0 3,308.7 221,884.7 211,18.5 72,49.2 48,174.5 8,845.9 124,005.0 1,332.9 13,70.1 171,874. 35,114.5 223,010.4 212,015.8 72,944.3 48,378.8 8,807.5 124,47.3 1,39.1 132,15.0 19,853.8 37,238.9 223,542.5 212,594.0 73,87.5 48,918.2 8,7.3 124,395.2 1,480.7 130,055.1 15,07. 35,012.5 223,890.8 213,024.2 74,457.0 49,548.1 8,772.8 123,808. 1,292.3 127,852.1 13,12.9 35,70.8 22,082.7 214,70. 75,097.8 50,11.1 8,78.9 124,917.0 1,471. 137,954.7 178,288.3 40,333. 232,548.7 221,395.8 79,810.0 51,990.1 9,140.7 125,127.4 1,491.4 140,154. 179,202.5 39,047.9 23,87. 225,13.0 81,543.4 53,293.9 9,199.9 12,80.0 1,401.1 139,70.2 178,942. 39,23.3 241,224. 229,45.8 82,558.9 54,119. 9,451.1 128,72.3 1,488.9 140,090.1 179,522.1 39,432.0 241,875.2 230,05.7 82,401.1 54,309.5 9,205.7 128,427.8 1,480.1 131,779.3 170,944.3 39,15.1 241,80.9 229,0.0 82,84.3 54,790.1 9,084.1 128,484. 1,34. 132,55.1 172,448.1 39,883.0 238,72.2 22,831.9 82,99. 55,278. 8,930.2 125,319.2 1,142.5 134,949.3 174,240.1 39,290.8 240,355.7 228,349.4 82,719.9 55,25. 8,75.4 12,813.9 1,177.0 13,211.7 175,915. 39,703.9 240,883.0 228,925.0 82,578.0 55,207. 8,735.4 127,85.3 1,099.8 137,592.0 177,855. 40,23. 237,77.5 22,171.9 85,887.9 55,445.3 8,474.7 122,230.1 749.7 135,848.9 177,254. 41,405.7 237,199.3 225,700.9 85,845.9 55,985.4 8,515.8 122,311.5 725.1 138,875.0 178,9.8 40,091.8 240,92.2 229,814.8 8,585.4 57,395.9 9,121.9 124,000.8 754.2 139,310.8 180,20.7 40,895.9 245,857.8 235,14.9 8,773. 58,928.1 9,72.0 128,129.5 755.1 142,498.4 183,113.1 40,14.7 249,092.0 238,235.9 87,99.0 0,300.0 9,973.2 128,739.3 778.1 141,955.2 182,712.3 40,757.1 249,918.2 239,457.3 88,500.1 0,95.5 9,910.0 129,59.0 80.2 140,349.3 180,57.5 40,308.2 253,117.2 241,877.4 89,498.1 2,101. 10,044.9 130,91.5 810. 13,712.2 178,407.1 41,94.8 252,489.3 240,3. 89,344.5 2,227.4 9,571.0 129,201.2 919. 132,500.8 174,818. 42,317.8 253,01.2 240,78.5 89,380.1 2,218.9 9,537.3 130,120.7 938. 132,118.1 172,373.8 40,255.7 250,58.1 238,821.5 89,71.4 3,099.2 9,81.0 12,87.7 1,014.9 132,179.9 174,292.0 42,112.1 253,74.1 241,857.5 90,098.7 3,112.1 9,439.3 128,427.3 991.8 143,525.4 188,175.1 44,49.7 254,710. 243,354.4 90,43.0 3,28.2 9,387.1 129,78.1 952.9 143,944.4 190,349.5 4,405.1 257,810. 24,748.5 92,109.2 4,438.7 9,711.7 132,544.0 978.0 138,109.1 181,288.0 43,178.9 25,792.7 245,504.2 91,703.3 4,12.0 9,779.0 130,890.9 922.7 140,019.2 184,23.7 44,217. 258,083.5 24,880.7 93,079.1 5,59. 9,81.5 131,28.5 919.5 138,254.2 184,338.4 4,084.2 20,290.9 248,814.8 94,173.2,55.0 9,729.7 131,713.4 972.5 132,220.4 17,555.7 44,335.3 21,123.5 249,993.0 94,97. 7,374. 9,883.5 130,955.1 99.7 132,19.2 177,14. 44,98.4 22,79.2 251,30.5 95,992.1 8,270.2 9,5.4 131,784.5 98.4 133,375.2 182,420.4 49,045.2 2,213.3 255,323.0 98,87.2 70,59.9 9,833.5 132,909.0 985.1 142,198.1 194,21.8 52,018.7 29,978.3 259,071.5 100,205.9 72,134.4 10,397.8 134,12.7 840.2 140,93.2 195,870.5 54,907.2 273,034.7 21,984.4 101,339.0 72,989.3 10,8.3 135,595.5 843.0 135,551.4 187,551.7 52,000.3 270,413.9 258,70. 101,973.5 73,949.9 10,55.0 129,980.3 83.3 INFORMATION BULLETIN 12/2003 49

Statistical Appendix Tables Table 13. M3 and Counterparts (million zloty), cont. Local government Social security funds Holdings of securities other than shares non-monetary financial institutions of which issued by: non-financial corporations local government Holdings of shares/other equity non-monetary financial institutions of which: non-financial corporations I 1999 I I I 2000 I I I 2001 I I I 2002 I I I I 3 37 38 39 40 41 42 43 44 2,090.3 0.0 2,273.7 10.1 1,718.4 395.2 3,349.2 1,17.2 1,732.0 2,134.5 0.0 2,24.1 170.9 1,70.0 405.2 3,419.5 1,1.5 1,757.9 2,103.1 0.0 2,551.5 220.7 1,923.3 407.5 3,735.5 1,898.9 1,83. 2,072.8 0.0 2,357.0 154.0 1,823.9 379.1 3,730.7 2,079.8 1,50.9 2,085.8 0.0 2,519.7 1.4 1,952.7 400.5 3,910. 2,173. 1,737.0 2,077.0 0.0 2,430.0 14.9 1,842.1 423.0 4,084.1 2,272.3 1,811.9 2,153.8 0.0 2,252.7 15.5 1,9.4 390.8 4,227.7 2,417.9 1,809.8 2,251.5 0.0 2,548.3 144.3 1,987.4 41. 4,252.9 2,43.3 1,789. 2,323.3 0.0 2,457. 183.1 1,808.8 45.8 4,575.8 2,09.9 1,95.9 2,383.0 0.0 2,78.1 198.7 2,031.7 537.8 4,875. 2,89.4 1,979.3 2,45.2 0.0 2,971.9 194.5 2,243.4 534.0 4,847.7 2,947.0 1,900.7 2,753.5 2,380.0 2,934.2 28.0 2,207.8 458.4 4,90.7 2,877.0 1,813.8 2,75.4 2,254.0 3,107. 157.9 2,454.8 494.8 4,851.1 2,981.3 1,89.8 2,74.0 2,104.0 3,310.3 278.0 2,552.9 479.4 4,810.4 2,985.2 1,825.3 2,709.7 2,094.1 3,450.0 307. 2,38. 503.7 4,791.2 3,007.5 1,783.7 2,703.8 2,219.0 3,395.7 29.4 2,02.3 524.1 4,841. 3,037.2 1,804.5 2,71.3 2,254.0 3,245.2 394. 2,341.3 509.3 5,043. 3,17.8 1,8.8 2,81.2 2,234.0 3,31.7 508.0 2,31.3 492.3 5,244. 3,22.7 1,981.8 2,938.0 2,849.9 3,752.9 527.7 2,72.4 498.8 5,455.9 3,397.4 2,058.5 3,05.5 2,974.9 3,90.2 859.4 2,11.9 489.0 5,707.1 3,32.8 2,074.2 3,137.2 2,14.9 4,155.9 1,094.0 2,448.1 13.9,315.0 4,194.7 2,120.4 3,395. 2,954.9 4,258.9 1,042. 2,581.5 34.8,35.0 4,225.9 2,139.0 3,81.1 2,974.9 4,237. 1,089.3 2,459.1 89.1,537.1 4,334.4 2,202.7 4,51.8 570.0 4,129.4 887.2 2,444.1 798.0,228.7 3,82.0 2,3.7 4,52.9 795.0 4,147.3 900.0 2,473.7 773.,003.9 3,453.8 2,550.1 4,478.4 40.0 3,918.8 992.5 2,173.5 752.8,347.4 3,599.8 2,747. 4,391.7 0.0 4,220.2 1,08.0 2,34.7 79.5,774.4 4,045.5 2,728.9 4,33.2 0.0 4,08.7 94.7 2,412.5 727.5,81.9 4,157. 2,704.3 4,393.5 300.0 3,913.4 931.2 2,272.8 709.4,953.1 4,209.1 2,744.0 4,541.3 0.0 4,32.4 1,002.9 2,491.8 87.7 7,013.7 4,307.9 2,705.9 5,030.4 795.9 4,228.9 992.5 2,295.2 941.2,924.0 4,281.0 2,43.0 5,375.8 1,28.8 4,554.1 1,148.9 2,457.4 947.8,709.5 4,333.8 2,375.7 5,527.7 1,94.9 4,872.2 1,350.1 2,493.7 1,028.4,70. 4,345.3 2,31.4 5,79.2 2,82.8 5,07.1 1,441.9 2,411.4 1,222.8,742.4 4,329.2 2,413.2 5,923.1 1,975.3 5,552.1 1,0.8 2,52.5 1,292.8,594.9 3,898. 2,9.3 7,03.3 1,704.0 5,387.5 1,39. 2,31.0 1,431.8,50.9 3,8.9 2,820.0 7,024.7 1,848.5 5,84.4 1,439.0 2,832.3 1,413.1,321.9 3,54.8 2,757.1,977.7 1,8.8 5,587.1 1,453. 2,9.5 1,43.9,371.0 3,41.4 2,729.5 7,092.3 1,737.2 5,191.3 1,403.7 2,271.2 1,51.3,413.4 3,995.9 2,417. 7,113.0 1,189. 5,090.7 1,483. 2,137.2 1,49.9,407.7 4,023.9 2,383.8 7,30.9 2,045.5 4,398.1 1,144.3 1,748.7 1,505.1,479.2 4,078.7 2,400.5 7,42.9 2,191.7 4,414.9 911.2 1,931.9 1,571.7,278.1 3,95.4 2,321.7 7,892.9 2,85.4 4,95.7 991.9 2,108.7 1,595.1,10.4 3,87.1 2,293.2 8,044.3 2,00.8 4,243.2 838.9 1,772.0 1,32.3,217.8 3,892.5 2,325.2 8,240.2 2,592.1 4,83.5 959.8 2,023.4 1,700.3,55.4 4,511.3 2,045.0 8,455.3 2,874.8 5,018.4 987.1 2,292. 1,738.7 7,104.3 4,381.1 2,723.2 8,599.7 2,192.1 5,321.9 949.5 2,582.2 1,790.1,970.9 4,332.2 2,38. 9,244.8 2,431.7 5,53.5 74.2 2,843.7 2,045.,201.1 4,414.8 1,78.4 9,177.8 3,722.7 5,547.7 535.3 2,990.4 2,022.1,28.9 4,521.5 1,747.3 9,133.2 3,77.0 4,993.2 498.7 2,45.0 2,029.5,33.0 4,541.3 1,821.7 9,044.8 2,30.9 4,814.7 445.5 2,338.4 2,030.8,247.4 4,540.1 1,707.3 9,028.7 3,179. 5,07.2 450.0 2,50.3 2,05.9,221.3 4,481.4 1,739.9 8,990.9 2,71.1 5,189.8 45.1 2,44.2 2,089.4,013.1 4,41.2 1,59.9 9,210.4 3,015. 5,27.1 443.0 2,97.2 2,12.8,209.1 4,40.7 1,58.4 9,534.7 3,82.4 4,89.4 483.0 2,289.9 2,123.5,234.0 4,730.2 1,503.8 9,729.3 3,490.8 4,797.3 592.7 2,070.9 2,133.8,251.4 4,0.4 1,591.0 9,890.0 3,018.2 4,4.4 2.9 1,888. 2,112.9,225.9 4,45.7 1,580.1 9,733.0 3,731.8 4,740.1 585.0 1,948.5 2,20.,1.7 4,512.9 1,53.8 9,753.8 3,7.9 5,073.5 585.3 2,091.8 2,39.3 5,97.8 4,422.3 1,554.5 10,492.4 4,859.1 5,384.8 740.7 2,25.0 2,379.2,322.4 4,714.8 1,07. 50 N a t i o n a l B a n k o f P o l a n d

Statistical Appendix Tables Table 13. M3 and Counterparts (million zloty), cont. Credit to central government, net Credit to central government loans of which: debt securities issued Deposits of central government Longer-term financial liabilities Deposits with agreed maturity over 2 years and deposits redeemable at notice over 3 months Households of which: individuals I 1999 I I I 2000 I I I 2001 I I I 2002 I I I I 45 4 47 48 49 50 51 52 53 3,387.2 78,203.8 1,832.3 71,590.8 14,81. 42,3.7 3,409.2 3,125. 3,118.9 9,942.4 79,905.8 1,837.3 73,1.7 9,93.4 43,247.1 3,533.9 3,211.2 3,199.7 71,443. 84,125.4 2,53.5 7,50.8 12,81.8 43,295.4 3,05.2 3,259.0 3,24.9 9,572.1 82,88.5 2,54.2 75,353.2 13,29.4 44,074.5 3,20.2 3,21.1 3,248.8 70,829. 83,587.7 2,538.5 75,934. 12,758.1 45,24.8 3,25.1 3,281.1 3,270.7 72,4.5 83,033.4 2,552.4 75,30.1 10,38.8 4,15.8 3,37.0 3,30.4 3,29.2 72,533.8 81,879.2 2,797.4 73,90.0 9,345.4 4,802.2 3,710.0 3,33.3 3,352.4 7,985.2 81,511.5 3,759.7 72,459.0 13,52.2 47,325.8 3,71.2 3,403.9 3,393.7 8,711.7 82,391.4 3,100.4 73,9.9 13,79.7 51,810.5 3,831.0 3,41.1 3,448.9 9,31.4 80,727.3 3,090.9 72,214.7 11,095.9 52,708.9 3,878.1 3,489.9 3,477.0 7,355.9 81,00.2 2,721.5 72,752.4 13,704.3 52,998.4 3,79.8 3,297.4 3,288.0 8,200.7 80,208.1 143.4 74,078.7 12,007.4 53,998.1 3,982.3 3,410.2 3,400.9 1,08.1 77,91.5 238.3 72,241.2 1,893.4 54,329.4 4,018.9 3,441.4 3,428.9 2,208.7 75,288.4 13.7 9,920.5 13,079.7 54,787.1 4,177.9 3,03.7 3,592.8 1,49. 74,901.7 57.9 70,551.1 13,432.1 55,190.0 4,03.5 3,42.7 3,451. 3,395.8 75,97. 79.9 71,708.9 12,301.9 5,445.3 4,13.2 3,555.5 3,541.9 4,05.0 75,800.9 149.8 72,808.0 11,735.9 57,457.8 4,125.8 3,502.0 3,488.0 4,35.9 73,38.8 178.4 70,450. 8,750.9 0,278.8 4,827. 3,55. 3,53. 2,179. 72,095.2 12.4 9,771.0 9,915.7 2,230.5 4,715.1 3,541.2 3,521.7 0,854.3 73,177.2 135. 71,141.0 12,322.9 2,739.8 4,723.4 3,558.1 3,539.2 4,52.5 77,079.1 444.2 7,134.9 12,552. 3,202.7 4,773.0 3,587.0 3,5.9 52,01.7 71,49.0 33.7 70,11.3 19,452.3 4,119.9 5,032.9 3,810. 3,790.0 50,553. 70,439.9 749.1 8,919.4 19,88.3 4,417. 5,02.1 3,735.3 3,711.5 5,081.1 70,747.8 753.2 9,010.3 14,.7 5,03.8 5,249.3 3,899.3 3,871.4 52,00.5 7,55.3 730.4,580.7 15,504.8 4,878.9 5,138.5 3,800.1 3,774.4 53,153.8 7,87.9 725.8,945. 14,723.1 5,430.3 5,31.4 3,939.2 3,914.2 53,45.4 9,081.4 34.0 8,408.4 15,43.0 7,347.9 5,24.9 3,881.3 3,854.7 55,871.7 8,735.0 14.1 8,005.9 12,83.3 9,41. 5,438.5 3,973.5 3,94. 58,788.4 71,434.0 27.7 70,585.8 12,45. 70,839.1 5,709.5 4,184.4 4,155.9 5,73.8 70,378.5 183.4 9,205.5 13,41.7 73,13.,004.2 4,387.3 4,353. 5,311.2 70,59.1 208.7 9,242.9 14,347.9 74,24.9,3.2 4,837.2 4,789. 5,173.7 71,214.9 21.3 9,307.4 15,041.2 75,370.0 7,170.1 5,279.0 5,224.8 57,283.9 75,728.7 48. 73,93.1 18,444.8 7,551.0 7,571.7 5,584.5 5,525.4 55,314.1 75,2.9 950.7 73,048.2 20,312.7 77,880. 7,93.7 5,840.2 5,772.7 4,107.9 84,917.5 1,04.3 82,159.7 20,809. 88,258.5 17,950.7 15,12. 15,544.8 9,207.7 82,453.3 998.8 79,90.3 13,245.7 90,491.8 18,000.3 15,71.4 15,02.3,89.7 87,3.2 919.3 8,242.4 20,49.5 88,073.3 17,49.0 15,124.3 15,052.2 70,034.4 8,308.2 958.2 85,194.4 1,273.8 88,40.3 17,490.5 15,138.2 15,03.4 2,515.2 87,28.5 54.9 8,431. 24,771.3 91,34.4 18,984.5 15,224. 15,121.5 3,727.1 83,030.2 780. 82,072.2 19,303.1 92,257.8 19,147.1 15,509.1 15,411.2 3,81.8 84,511.9 1,014.4 83,34.3 20,95.1 92,81.9 18,878.8 15,389.4 15,299.4 5,949. 88,325.0 1,539.3 8,38.7 22,375.4 95,877.7 19,799.3 1,014.7 15,942.8 1,83.3 88,281.9 1,510.4 8,35.8 2,418. 9,920.9 20,07.3 1,245.0 1,18.7 0,048. 8,30.5 1,557.3 84,48.0 2,258.0 97,07. 20,148.0 1,352. 1,29.2 0,039.1 87,020.0 1,730.3 85,177.3 2,980.9 97,878.7 20,202.1 1,557.0 1,42.7 2,118.7 84,335.0 1,98.9 82,519.5 22,21.3 98,854.5 20,442.7 1,84.9 1,753.1 3,918.0 87,288.2 2,159.9 85,019.7 23,370.2 99,413.8 20,71. 17,090.4 1,991.1 5,949.3 82,195.1 2,747.3 79,349.0 1,245.8 100,150.7 20,742.1 17,07. 1,985.5 1,427.4 84,437.2 3,054.2 81,288.5 23,009.7 100,57.7 20,990.0 17,253. 17,138.8 57,030.4 79,329.3 2,510.1 7,720. 22,298.9 101,379.4 21,410.5 17,31.4 17,519.8 0,588.0 83,447.1 2,51.8 80,807.8 22,859.1 102,755.3 21,871.2 17,845.8 17,727.0 1,180.7 84,37.7 2,511.3 81,732.4 23,19.0 102,89.9 21,337. 17,44.3 17,529.5 59,95.1 87,913.2 2,209.5 85,558.2 27,948.1 103,35.7 21,339.0 17,57.0 17,450.9 4,817.8 90,185.5 2,179.1 87,853.7 25,37.7 104,59.2 21,844.5 17,510.7 17,400.3 8,547.0 92,232.0 1,780.2 90,324.3 23,84.9 105,310.3 21,78.8 17,48.1 17,37.3 71,381.9 90,88.5 1,788.1 88,72.5 19,30. 105,88. 21,905. 17,553. 17,443.2 74,4.1 92,403.4 1,792. 90,397. 17,937.3 105,901.8 21,78.1 17,518.2 17,403.4 8,900. 92,35. 3,214.3 88,950.3 23,45.1 10,778.3 22,35.3 17,784.9 17,7. 4,897.3 93,30.5 3,24.3 89,522.0 28,43.2 105,395. 20,779.3 17,79.0 17,58.1 70,121.8 91,49.4 4,043.9 87,273.1 21,374. 105,940. 20,5.0 17,487.3 17,38.9 INFORMATION BULLETIN 12/2003 51

Statistical Appendix Tables Table 13. M3 and Counterparts (million zloty), cont. Non-monetary financial institutions Non-financial corporations Non-profit institutions serving households Local government Social security funds Debt securities issued with maturity over 2 years Capital and reserves Fixed assets (excluding financial fixed assets) Other items (net) I 1999 I I I 2000 I I I 2001 I I I 2002 I I I I 54 55 5 57 58 59 0 1 2 188.7 5.4 38.5 0.0 0.0 0.0 39,254.5 14,903. -57,359.3 188.3 115.1 19.3 0.0 0.0 0.0 39,713.2 15,121.3 -,001.0 202.2 125.5 18.5 0.0 0.0 0.0 39,90.2 15,338. -7,81.9 21.7 128.1 14.3 0.0 0.0 0.0 40,454.3 15,24.0-4,530.3 198.7 12.9 18.5 0.0 0.0 0.0 41,21.7 15,839.8-4,099.1 200.3 112.3 18.0 0.0 0.0 0.0 42,528.8 1,09.5-2,008.7 19.0 133.9 1.9 0.0 0.0 0.0 43,092.2 1,327.7-0,41.8 204. 135.9 1.7 0.0 0.0 0.0 43,54. 1,795.3-3,43.7 210.4 138.1 21.3 0.0 0.0 0.0 47,979.5 17,124.1 -,322.4 230.0 143. 14. 0.0 0.0 0.0 48,830.8 17,30.2-7,810.1 309.9 145.0 17.5 0.0 0.0 0.0 49,228. 17,05.9-70,043.2 390.5 12.5 19.1 0.0 0.0 0.0 50,015.8 18,404.3-0,37.0 394.8 14.7 18.0 0.0 0.0 0.0 50,310.5 18,557. -,22.4 388.2 18.2 17.8 0.0 0.0 0.0 50,09.2 18,37.3-5,224.9 393.8 11. 18.3 0.0 0.0 0.0 51,153.5 18,849.2-4,928.8 42.5 13.2 18.1 0.0 0.0 0.0 52,282.1 19,05.9-70,82.8 442.3 12.2 19.4 0.0 0.0 0.0 53,332.0 19,223.5-8,404.5 1,021. 222.7 2.7 0.0 0.0 0.0 55,451.2 19,349.3-8,394.1 915.1 225. 33.3 0.0 0.0 0.0 57,515.4 19,553.8-4,319.3 888.9 239.7 3.8 0.0 0.0 0.0 58,01.4 19,773.0-3,795.2 917.2 231.7 37.1 0.0 0.0 0.0 58,429.7 20,141.7-71,33.0 917.9 28.8 35.7 0.0 0.0 0.0 59,087.0 20,448.1-72,292.1 990.4 24.8 35. 0.0 0.0 0.0 59,391.5 20,737.0-8,102.2 1,045.0 28.0 3.9 0.0 0.0 0.0 59,787.5 21,712.8-2,385.2 1,041.9 257.8 38.8 0.0 0.0 0.0 59,740.4 21,898.4-1,48.2 1,02.4 27.9 37.8 0.0 0.0 0.0 0,113.9 22,050.7-1,279.7 1,093.1 251.0 39.5 0.0 0.0 0.0 2,083.0 23,93.0-0,295.3 1,14. 275.7 42.7 0.0 0.0 0.0 3,978.1 23,948.4-5,028.5 1,201.3 279.3 44. 0.0 0.0 0.0 5,129. 24,154.9-53,255. 1,27.3 301.4 48.2 0.0 0.0 0.0 7,159.4 24,2.1-47,18.8 1,435.2 315.2 48. 0.0 0.0 0.0 7,28.7 24,477.4-5,88.4 1,508.4 333.0 49.7 0.0 0.0 0.0 8,199.9 24,750. -58,874.1 1,595.2 343.9 48.2 0.0 0.0 0.0 8,979.3 24,999. -1,023.8 1,704.1 35.4 54.0 0.0 0.0 0.0 9,91.9 25,483.4-55,31.0 1,875.2 398.7 4.2 0.0 0.0 0.0 70,307.8 25,721.3-53,85.5 1,847.7 421.8 59.4 0.0 0.0 0.0 72,491.5 2,378.1-47,951.5 1,84.2 45.5 59.9 0.0 0.0 0.0 70,577.3 2,24.5-57,954.5 1,87. 404.7 71.0 0.0 0.0 0.0 70,99.8 2,385.1-0,217.7 2,974.3 58.5 88.8 110.4 0.0 0.0 72,379.9 2,08.2-53,755.7 2,93.7 534.3 83.0 84.1 0.0 0.0 73,110.7 2,812.4-53,394.5 2,972.2 417.7 59.3 40.1 0.0 0.0 73,938.1 2,982.9-54,803.7 3,075. 588.5 7.7 43.7 0.0 0.0 7,078.4 27,197.9-0,008.3 3,103. 05.3 80.2 42.2 0.0 0.0 7,844. 27,809.0-59,842.9 3,10.9 571.8 74.4 42.3 0.0 0.0 7,928. 27,982. -59,94. 2,939.3 583.1 8.5 3.2 0.0 0.0 77,7. 28,179. -2,95.3 2,8.9 588.4 99.2 41.3 0.0 0.0 78,411.8 28,435.1-59,54. 2,880.8 11.3 90.5 43. 0.0 0.0 78,97.2 28,40.5-0,104.0 2,894.8 45. 9.2 28.9 0.0 0.0 79,408. 29,187. -55,729.3 2,919.4 82.9 99.3 34.8 0.0 0.0 79,58.7 28,749.2-57,74.3 2,951.4 89.7 99.1 38.9 0.0 0.0 79,98.9 28,724.4-1,527.0 3,12.8 705. 123.8 33.2 0.0 0.0 80,884.1 29,112.4-7,78.5 2,97.8 03.2 9.4 25.9 0.0 0.0 81,532.3 29,212. -1,893.4 3,003.2 40.3 102.3 2.3 0.0 0.0 82,29.7 29,29.9-0,10.2 3,537.3 70.1 103.5 22.9 0.0 0.0 82,814.7 29,349. -1,422.3 3,40.1 703.7 114. 22.3 0.0 0.0 83,523.5 29,2.4-59,328.1 3,504.3 712.7 110.2 24.8 0.0 0.0 83,783.0 29,559.9-1,405.9 3,383.2 714.3 128.1 24.2 0.1 0.0 84,133.7 29,894.3-7,153.4 3,311.2 1,117.4 127.7 24.0 0.0.1 84,40.9 30,097.2-7,985.1 1,784.3 1,05.1 132. 27.0 1.3 180.1 84,43.2 30,203.5-7,410.9 1,778.5 1,131.5 141.0 2.4 1.3 108.9 85,25.7 30,505.9-0,541.5 52 N a t i o n a l B a n k o f P o l a n d

Statistical Appendix Tables Table 14. Reserve Money and Counterparts (million zloty) External assets, net Official reserve assets USD million Refinancing credit Rediscount credit Lombard credit Credit for rehabilitation programmes Credit for central government investment projects Other credit Overdue credit I 2001 I 2002 I I I I 1 2 3 4 5 7 8 9 10 103,84.3 105,891.7 2,53.9 5,583.3 48.0 0.0 0.0 4,253.0 1,280.7 1. 107,434.1 109,90.2 2,344.4 8,941.7 13.0 3,393.5 0.0 4,253.0 1,280.7 1. 109,211.4 111,197.3 2,44. 5,535.2 0.0 0.0 0.0 4,253.0 1,280. 1. 110,189.2 111,812.9 27,059. 5,582.0 0.0 130.0 0.0 4,19.9 1,280. 1. 10,137.7 108,359. 27,224.7 5,412.9 0.0 0.0 0.0 4,130.7 1,280. 1. 109,523.1 110,955.8 27,524.9 5,482.2 0.0 71.0 0.0 4,130.7 1,280.5 0.0 113,148.5 113,832.4 28,13.8 7,977.7 0.0 2,49. 0.0 4,047. 1,280.5 0.0 120,814.1 122,143.3 29,301.5 5,288.8 0.0 0.0 0.0 4,008.4 1,280.5 0.0 121,293. 121,7.1 29,37.2 5,297.2 0.0 8.4 0.0 4,008.4 1,280.5 0.0 120,870.1 121,398.7 29,25.4 5,200.5 0.0 0.0 0.0 3,920.1 1,280.5 0.0 115,807.3 117,934.4 29,24.7 5,191.9 0.0 0.0 0.0 3,911.5 1,280.4 0.0 115,0. 118,291. 29,515.3 7,018.8 0.0 1,827.0 0.0 3,911.5 1,280.4 0.0 114,217.0 114,374. 29,794.4 5,090.0 0.0 0.0 0.0 3,809. 1,280.4 0.0 115,52.3 11,410.1 30,495.4 5,090.0 0.0 0.0 0.0 3,809. 1,280.4 0.0 122,718.8 124,48. 31,850.9 5,090.0 0.0 0.0 0.0 3,809. 1,280.3 0.0 124,25.0 125,978.8 31,09.7 4,993.5 0.0 0.0 0.0 3,713.2 1,280.3 0.0 118,20.1 119,257. 31,051.8 4,977.5 0.0 0.0 0.0 3,97.2 1,280.3 0.0 122,72. 124,408.8 33,525.2 4,977.5 0.0 0.0 0.0 3,97.2 1,280.3 0.0 122,958.4 125,018.2 32,083.9 4,881.1 0.0 0.0 0.0 3,00.8 1,280.3 0.0 122,34.7 124,025.7 32,030. 4,85.0 0.0 0.0 0.0 3,584.8 1,280.3 0.0 124,453.3 12,19.9 31,99.4 5,018.1 0.0 153.1 0.0 3,584.8 1,280.3 0.0 12,759.2 130,930.4 32,897.9 4,78. 0.0 0.0 0.0 3,488.3 1,280.3 0.0 130,575.4 135,903.5 33,778.3 4,752.5 0.0 0.0 0.0 3,472.3 1,280.2 0.0 130,540.4 134,274.4 34,123.1 4,752.5 0.0 0.0 0.0 3,472.3 1,280.2 0.0 127,350.0 127,083.4 33,975.0 4,35.3 0.0 0.0 0.0 3,287.5 1,347.7 0.0 Open market operations (net) Auction credit Auction deposits NBP bills Credit to central government, net Other items (net) Central Bank reserve money Currency in circulation (including vault cash) Bank current accounts Reserve requirements accounts I 2001 I 2002 I I I I 11 12 13 14 15 1 17 18 19 20 -,770.9 0.0 0.0 -,770.9 11,22.2-54,582.9 59,98.0 43,130.3 1,395.0 172.7-21,145. 0.0 0.0-21,145. 4,38.4-48,430.4 51,18.2 40,45.2 10,478.1 224.8-10,704.0 0.0 0.0-10,704.0 7,93.5-50,237.4 1,78. 41,389.5 20,15.1 223.0-9,91.9 0.0 0.0-9,91.9 1,230.1-48,994.2 58,045.2 43,128.5 14,780.0 13.8-14,100.0 0.0 0.0-14,100.0 3,713.8-4,322. 54,841.8 44,1.7 10,590.2 84.9-17,300.0 0.0 0.0-17,300.0 2,585.4-49,347.7 50,943.1 43,905.8,991.7 45. -5,04.1 0.0 0.0-5,04.1 850.7-53,0.7 2,7.1 44,934.3 17,790.5 41.4-9,000.0 0.0 0.0-9,000.0-5,915.7-54,380.4 5,80.8 45,547.5 11,244.8 14. -9,100.0 0.0 0.0-9,100.0 -,343.8-54,389.7 5,757.3 45,757.0 10,977.0 23.2-5,00.0 0.0 0.0-5,00.0-7,585.1-55,423.5 57,42.0 45,951.5 11,484.8 25.7-5,500.0 0.0 0.0-5,500.0-4,537. -51,758.9 59,202. 4,207.2 12,972.2 23.3-7,400.0 0.0 0.0-7,400.0 -,403.7-51,27.4 57,248.3 45,733.7 11,495.4 19.2-7,252.2 0.0 0.0-7,252.2 243.3-50248.2 2,049.9 4,745.0 15,304.9 0.0-3,500.0 0.0 0.0-3,500.0-7,074.9-51,553.5 58,487.8 45,345.0 13,142.9 0.0-7,000.0 0.0 0.0-7,000.0-8,018.7-53,884. 58,905.5 4,33.5 12,59.0 0.0-2,500.0 0.0 0.0-2,500.0-8,850.9-57,724.1 0,174. 48,041.4 12,133.1 0.0-5,000.0 0.0 0.0-5,000.0-9,53.4-4,977.3 2,05.9 50,148.3 11,908. 0.0-4,500.0 0.0 0.0-4,500.0-14,419.2-4,713.2 2,071. 49,97.8 12,373.9 0.0-4,500.0 0.0 0.0-4,500.0-12,380. -4,499.8 4,459.1 51,408.0 13,02.3 24.9-3,200.0 0.0 0.0-3,200.0-11,13.2-44,847.3 8,019.2 51,340.8 1,57.4 21.0-13,500.0 0.0 0.0-13,500.0-7,119.2-47,59.5 1,255.7 52,455.4 8,779.4 21.0-8,500.0 0.0 0.0-8,500.0-5,559.1-50,919.2,549.5 52,05.2 13,924.9 19.3-3,020.0 0.0 0.0-3,020.0-12,381.9-52,57.4 7,349. 53,432.7 13,902.4 14.4-4,000.0 0.0 0.0-4,000.0-17,392.5-52,27.2 1,24.3 53,538.0 8,09.0 17.3 -,000.0 0.0 0.0 -,000.0-10,402.7-49,24.9,317.7 54,17. 12,12.4 14.7 INFORMATION BULLETIN 12/2003 53

Statistical Appendix Tables Table 15. Summary Balance of Payments on a Cash Basis* (USD million, net flows) Current account Financial account Financing of overall balance Years Goods Services Income Current transfers Unclassified transactions on current account Capital account Direct investment Portfolio investment Financial derivatives Other investment Errors and omissions Official reserve assets Exceptional financing 1997 1998 1999 2000 2001 2002 1 2 3 4 5 7 8 9 10 11 12 13 14 15-4,309-11,320 305-455 1,150,011 90 4,774 3,041 1,531 54-32 2,488-3,044 1 -,841-13,720-488 -59 1,941 5,995 72 10,919 4,99 1,94-32 4,18 1,787-5,928-9 -11,553-14,379-1,31-795 1,14 3,38 50 8,191,352 87 572 400 3,479-158 -9-9,952-13,18-1,8-759 1,81 3,980 13 7,47 8,19 2,591 29-3,382 2,98-21 -55-7,1-11,75-97 -89 1,98 4,395-1 2,981,928 1,109-341 -4,715 3,73 440-17 -,700-10,352-1,005-1,588 2,180 4,05-8,30 3,789 1,71-880 2,050 723-33 -12 2001 Q1 Q2 Q3 Q4 I 2001 I I -2,230-3,147-350 15 372 730-3 2,495 1,347 2,358-143 -1,07 988-1,242-8 -2,210-2,77-197 -35 424 974-5 1,034 1,450-950 38 148 71 513-3 -973-2,735-18 -111 93 1,3-3 1,104 1,309-29 -521 345 - -119-3 -1,753-3,017-243 -315 497 1,325 10-1,52 2,822-270 -3-4,141 2,110 1,288-3 -959-1,515-118 30 121 247 0 1,371 522 757-232 324 324-735 -1-532 -72-157 8 100 243-3 1,017 47 712-39 -123 317-798 -1-739 -90-75 -149 151 240 0 107 358 889 128-1,28 347 291 - -522-709 -2-250 115 384 1-233 520-17 152-729 33 392-1 -737-1,15-9 27 153 317 0 499 328-471 12 30 83 15-1 -951-902 - -412 15 273-78 02-303 222 247 225-35 -1-305 -828-95 -4 171 451 2 29 449 7-537 317 374-3 -1-30 -1,018-3 -72 31 477-3 293 31 139 91-298 -348 419-1 -308-889 -28-35 20 438-2 515 499-235 -75 32-32 -172-1 -83-1,174-120 -281 182 557 15 1,027 1,257-470 74 1 57-781 -1-418 -953-85 38 145 437 0-2,401 533 11 14-3,241 344 2,47-1 -499-890 -38-72 170 331-5 -278 1,032 39-283 -1,0 1,190-407 -1 2002 Q1 Q2 Q3 Q4 I 2002 I I 2003 Q1 Q2 Q3 Q4 I I -2,34-2,28-304 -278 389 475-18 2,231 997 1,42-711 483 711-575 -3-1,32-2,23-212 -537 497 85 13 51 843 333-25 -350 42 35-3 -909-2,398-322 -378 4 1,543 19 2,780 35 53 83 1,52-770 -1,117-3 -1,813-3,090-17 -395 48 1,191-22 1,058 1,314-0 13 391 35 424-3 -870-1,109-88 -48 123 252-15 1,33 23 318 119 3-375 -75-1 -824-818 -147-83 140 84-3 280 32 39-515 430 544 4-1 -52-701 -9-147 12 139 0 15 408 1,105-315 -583 542-504 -1-34 -742-4 -221 155 238 14-291 309 47-93 -983 594 318-1 -58-814 -57-139 12 31 0 22 259 194 151 18-241 188-1 -430-80 -91-177 21 302-1 230 275-337 -323 15 73 129-1 -109-0 -107-173 153 24 1 1,731 25-132 -55 1,2-331 -1,291-1 -27-894 -99-33 20 490 0 549 153 34 21 29-284 12-1 -524-898 -11-172 233 429 18 500 22 322 117-15 -155 12-1 -5-1,039-2 -147 219 427-1 385 27-987 123 973 10 77-1 -752-1,088-75 -79 192 298-787 241 12-42 42 15-193 -1-495 -93 - -19 237 4-15 -114 797 201-8 -1,044 85 540-1 -1,557-2,373-509 -485 541 1,29-15 2,72 880 3,15-200 -1,074-285 -902-3 -1,114-2,294-281 -787 10 1,38-11 909 23-949 -294 1,529 358-139 -3-33 -2,345-29 -420 5 2,132-5 1,95 704-1,397 12 2,49-1,225-39 -3-1,011-2,57-210 -78 737 1,887-12 1,097 1,495 1,45-445 -1,598-34 280-8 -752-1,199-157 -17 178 443 7 97 474 379 2-182 198-149 -1-523 -31-248 -131 139 348-34 2,74 409 2,883-15 -33-554 -1,52-1 -282-543 -104-337 224 478 12-99 -3-10 -1-529 71 899-1 -509-931 -5-18 125 530 0 14 198-1,018-134 98 95 401-1 -494-798 -125-32 270 485-7 1,473 345 491-11 753 509-1,480-1 -111-55 -91-293 215 23-4 -578 80-422 -44-192 -24 940-1 -282-952 -89-79 190 48-4 789 317-1,285-45 1,802-348 -154-1 -155-840 -100-7 144 717 0 353 170-92 58 817-87 -110-1 101-553 -80-25 232 77-1 823 217 580 149-123 -790-132 -1 210-774 82-159 310 751-1,159 42 1,191-53 -405-49 -85-2 -38-77 -42-193 15 451-2 -119 389 433-200 -741 401 109-3 -835-1,11-250 -41 22 85-4 57 80 21-192 -452-251 1,03-3 * Inflows (+); outflows (-). 54 N a t i o n a l B a n k o f P o l a n d

Statistical Appendix Tables Table 15.1. Balance of Payments on a Cash Basis: Current and Capital Accounts (USD million: gross flows) Years Current account Capital account 1997 1998 1999 2000 2001 2002 Goods Services Income Current transfers Credit Debit Credit Debit Credit Debit Credit Debit Credit Debit 1 2 3 4 5 7 8 9 10 27,229 38,549 3,724 3,419 1,439 1,894 1,845 95 113 23 30,120 43,840 3,83 4,171 2,49 3,218 2,538 597 87 15 2,349 40,728 3,298 4,929 1,877 2,72 2,209 595 88 38 28,255 41,423 3,505 5,191 2,248 3,007 2,159 478 88 75 30,275 41,950 3,988 4,94 2,52 3,548 2,44 58 35 3 32,945 43,297 3,992 4,997 2,045 3,33 2,880 700 45 53 2001 Q1 Q2 Q3 Q4 I 2001 I I 2002 Q1 Q2 Q3 Q4 I 2002 I I 2003 Q1 Q2 Q3 Q4 I I 7,43 10,583 904 1,254 84 99 534 12 4 7 7,508 10,284 952 1,149 18 1,253 57 143 8 13 7,458 10,193 1,055 1,241 579 90 849 15 3 7,873 10,890 1,077 1,320 591 90 94 197 20 10 2,431 3,94 311 429 510 204 17 55 2 2 2,391 3,117 24 421 201 193 155 55 1 4 2,14 3,520 329 404 153 302 203 52 1 1 2,559 3,28 332 394 204 454 12 47 3 2 2,472 3,37 325 394 238 211 200 47 0 0 2,477 3,379 295 31 17 588 205 49 5 11 2,554 3,382 378 473 199 203 244 73 3 1 2,1 3,34 348 411 211 283 357 41 0 3 2,288 3,177 329 357 19 204 248 42 0 2 2,778 3,952 347 47 220 501 244 2 19 4 2,555 3,508 321 40 195 157 223 78 1 1 2,540 3,430 409 447 17 248 227 57 0 5,884 9,512 87 1,180 434 712 557 18 3 21 7,970 10,20 957 1,19 437 974 57 10 19 8,75 11,073 1,023 1,345 22 1,000 825 179 22 3 9,41 12,50 1,13 1,303 552 947 841 193 1 23 2,305 3,414 310 398 145 193 17 53 1 1 2,132 2,950 27 414 150 233 201 1 1 4 2,447 3,148 299 38 139 28 180 54 1 1 2,95 3,437 31 380 148 39 20 51 17 3 2,00 3,414 314 371 19 308 182 5 2 2 2,75 3,355 327 418 120 297 29 53 0 1 3,155 3,71 3 473 225 398 242 89 2 1 2,5 3,559 357 45 214 247 301 41 1 1 2,855 3,753 300 41 183 355 282 49 19 1 3,123 4,12 389 415 201 348 300 81 0 1 3,007 4,095 34 439 170 249 241 49 0 3,28 4,249 383 449 181 350 300 3 1 1 8,970 11,343 912 1,421 492 977 722 181 29 44 10,12 12,45 1,179 1,40 554 1,341 807 197 2 13 10,17 12,92 1,272 1,541 537 957 720 154 23 28 13,00 15,717 1,518 1,728 54 1,332 925 188 3 15 2,938 4,137 321 478 13 180 227 49 9 2 2,837 3,48 21 509 158 289 213 74 0 34 3,195 3,738 330 434 171 508 282 58 20 8 3,242 4,173 370 435 12 330 221 9 1 1 3,454 4,252 400 525 197 523 319 49 0 7 3,4 4,031 409 500 195 488 27 52 1 5 3,719 4,71 432 521 244 323 245 55 0 4 3,18 4,02 42 52 142 218 191 47 2 2 3,712 4,25 414 494 151 41 284 52 21 22 4,12 4,93 581 499 15 315 385 75 1 7 3,939 4,70 440 482 13 35 210 45 1 3 4,959,075 497 747 245 1 330 8 1 5 INFORMATION BULLETIN 12/2003 55

Statistical Appendix Tables Table 15.2. Balance of Payments on a Cash Basis: Income account (USD million: gross flows) Income Years 1997 1998 1999 2000 2001 2002 Compensation of employees Investment income Direct investment Portfolio investment Other investment Credit Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Debit 1 2 3 4 5 7 8 9 10 11 12 0 0 0 0 2,49 3,218 132 103 2,517 3,115 172 44 89 923 1,449 1,728 1,877 2,72 12 154 1,751 2,518 48 394 1,05 845 38 1,279 2,248 3,007 191 14 2,057 2,843 30 527 1,047 925 980 1,391 2,52 3,548 192 200 2,40 3,348 4 82 1,43 1,054 90 1,432 2,045 3,33 25 219 1,780 3,414 41 1,15 1,188 1,025 551 1,233 2001 Q1 Q2 Q3 Q4 I 2001 I I 2002 Q1 Q2 Q3 Q4 I 2002 I I 2003 Q1 Q2 Q3 Q4 I I 84 99 49 48 815 51 25 122 547 227 243 302 18 1,253 54 54 54 1,199 1 357 2 423 282 419 579 90 41 45 538 45 239 301 158 231 248 591 90 48 53 543 853 17 144 322 24 204 43 510 204 1 1 494 188 20 5 378 55 9 8 201 193 14 15 187 178 1 19 122 75 4 84 153 302 19 17 134 285 4 38 47 97 83 150 204 454 18 1 18 438 2 32 95 150 89 25 238 211 20 23 218 188 12 33 111 95 89 17 588 1 15 10 573 2 292 0 207 98 74 199 203 15 14 184 189 1 59 111 3 72 7 211 283 14 1 197 27 4 130 117 54 7 83 19 204 12 15 157 189 1 50 73 41 83 98 220 501 1 1 204 485 8 49 120 1 7 270 195 157 17 17 178 140 0 32 114 3 4 72 17 248 15 20 11 228 9 3 88 44 4 121 434 712 53 50 381 2 4 18 235 215 142 21 437 974 5 372 908 7 283 240 279 125 34 22 1,000 5 49 557 951 5 384 413 170 139 397 552 947 82 54 470 893 25 303 300 31 145 229 145 193 1 18 129 175 0 8 79 44 50 3 150 233 18 15 132 218 0 4 93 93 39 79 139 28 19 17 120 29 4 72 3 78 53 119 148 39 20 23 128 34 1 45 82 131 45 170 19 308 22 27 147 281 0 123 108 7 39 91 120 297 23 1 97 281 115 50 81 41 85 225 398 22 20 203 378 5 252 149 3 49 3 214 247 22 1 192 231 0 85 153 79 39 7 183 355 21 13 12 342 0 47 111 28 51 27 201 348 30 1 171 332 5 95 108 188 58 49 170 249 24 18 14 231 7 71 97 72 42 88 181 350 28 20 153 330 13 137 95 101 45 92 492 977 77 59 415 918 137 292 408 117 373 554 1,341 84 5 470 1,285 10 21 353 457 107 207 537 957 97 53 440 904 359 348 193 8 352 54 1,332 104 1 40 1,271 2 422 301 48 157 381 13 180 23 19 140 11 5 31 92 75 43 55 158 289 23 18 135 271 0 28 101 184 34 59 171 508 31 22 140 48 1 78 99 149 40 259 12 330 27 21 135 309 1 11 99 103 35 45 197 523 29 18 18 505 230 125 20 37 9 195 488 28 17 17 471 3 230 129 148 35 93 244 323 34 19 210 304 4 120 19 12 37 58 142 218 30 17 112 201 0 107 93 40 19 54 151 41 33 17 118 399 2 132 8 27 30 240 15 315 35 20 121 295 1 8 7 150 53 59 13 35 29 18 134 338 1 90 109 15 24 83 245 1 40 23 205 38 0 24 125 153 80 239 5 N a t i o n a l B a n k o f P o l a n d

Statistical Appendix Tables Table 15.3. Balance of Payments on a Cash Basis: Direct Investment account* (USD million: net flows) Polish direct investment abroad Foreign direct investment in Poland Years Equity capital Other capital, mostly intercompany loans Equity capital Other capital, mostly intercompany loans 1997 1998 1999 2000 2001 2002 1 2 3 4 5 0 0-11 -5-105 5,130 3,528 1,02-122 -119-3,474 4,328 2,14-124 -189 5 8,293 7,25 1,028-7 -114 47,995 5,830 1,15-330 -321-9 4,119 3,072 1,047 2001 Q1 Q2 Q3 Q4 I 2001 I I 2002 Q1 Q2 Q3 Q4 I 2002 I I 2003 Q1 Q2 Q3 Q4 I I - -88 22 1,413 1,129 284 40 1 24 1,410 1,190 220-17 -19 2 1,32 1,100 22-24 -23-1 2,84 2,411 435 13-3 1 509 344 15-35 -35 0 502 42 7-44 -50 402 359 43-13 -5-8 533 40 73-4 0-4 332 244 88 57 21 3 545 48 59 12 13-1 437 288 149-33 -3 3 394 424-30 4 4 0 495 388 107-8 -11 3 1,25 1,131 134-3 1-4 53 507 29-13 -13 0 1,045 773 272 8 11-3 989 49 340-15 -12-3 858 52 20-177 -174-3 812 70 10-14 -14 0 1,40 1,05 395 5-1 258 99 159 0 1-1 32 247 79 3 4-1 405 303 102-3 -3 0 312 27 45-4 -1-3 23 124 139-8 -8 0 283 21 22-13 -12-1 419 440-21 -3-1 -2 15 83 73-11 -11 0 237 183 54-4 - 2 280 204 7-1 -1 0 257 150 107-12 -124-2 923 711 212-174 -133-41 1,054 1,131-77 -2-33 7 49 904-255 -51-42 -9 755 85 70-92 -91-1 1,587 1,39 218-10 -10 0 484 253 231-132 -131-1 541 87-14 -32 8-40 29 191-12 -19-19 0 217 298-81 -5-9 4 350 359-9 -2-5 3 82 247-15 - -3-3 323 312 11-32 -34 2 202 182 20-13 -5-8 230 191 39-42 -43 1 48 315 153 - -2-4 395 354 41-44 -4 2 724 700 24 * Inflows (+); outflows (-). INFORMATION BULLETIN 12/2003 57

Statistical Appendix Tables Table 15.4. Balance of Payments on a Cash Basis: Portfolio Investment account* (USD million: net flows) Polish portfolio investment abroad Foreign portfolio investment in Poland Years Equity Debt Equity Debt 1997 1998 1999 2000 2001 2002 1 2 3 4 5 248 5 192 1,283 599 84-130 -41-89 1,824 951 873-547 -172-375 1,414 882 532-85 -21-4 2,7 8 1,810 43-7 110 1,0-30 1,372-1,153-27 -88 2,824-545 3,39 2001 Q1 Q2 Q3 Q4 I 2001 I I 2002 Q1 Q2 Q3 Q4 I 2002 I I 2003 Q1 Q2 Q3 Q4 I I 237 0 237 2,121-79 2,200-83 -51-32 -87-11 -85-87 0-87 58 41 17-24 -1-8 -24-257 11 231 1 230 52 1 510 2 3-1 710 7 703 4-4 8 885-102 987-33 -31-2 -143 83-22 -22-5 -17-449 -4-445 -28-15 -13-275 -90-185 -41-2 -39 108 5 103-54 4-58 193 35 158 8-2 10-243 1-244 -10-8 -2-40 -95-35 -154-3 -151 315-74 389 140-5 145-101 -88-13 -2-19 -43 1,524-18 1,92-407 -118-289 740-18 908-312 -114-198 848-249 1,097-372 -1-35 -288 40-328 -30-5 -25 348 33 315 14-13 27 25-170 195-4 -1-45 1,151-31 1,182-12 -12-114 02-120 722-150 -89-1 344 29 315-131 -17-114 -20-77 -129-211 -0-151 79-157 23-12 -3 24 358-32 390-89 -18-71 411-0 471-118 -9-109 -89-47 -822-185 -13-172 311-4 375-9 -75 270 151 119 7 128-121 3,149-27 3,17-134 1-300 -815 97-912 -88-4 -840-511 -304-207 -283-8 -215 1,928-580 2,508 23 58-35 35 33 323 0 1-1 2,883-40 2,923-1 9-85 -90-20 -70-9 10-79 -949-72 -877-8 39-125 577 95 482 21 117-9 -443 74-517 -45-31 -425-829 81-910 -244 0-244 -448-20 -242-18 -15-171 7-179 945-117 -4-113 1,308 35 1,273-203 -12-191 3-3 1,002 37-52 89-1 -249 233 * Inflows (+); outflows (-). 58 N a t i o n a l B a n k o f P o l a n d

Statistical Appendix Tables Table 15.5. Balance of Payments on a Cash Basis: Other Investment account* (USD million: net flows) Assets Liabilities Years Short-term loans Long-term loans Currency and deposits Other assets Short-term loans Long-term loans Currency and deposits Other liabilities 1997 1998 1999 2000 2001 2002 1 2 3 4 5 7 8 9 10-872 -0-82 -825 95 510 592 41-449 -49 2,18-14 -88 2,259 11 2,450-43 1,9 82-2 -2,98 11-9 -2,717 17 3,098 441 2,057 01-1 -2,920 2 12-3,094 22-42 143 1,250-1,852-3 -3,500 1-21 -3,49 1-1,215-91 -1,57 443 0 3,092 1-71 3,147 0-1,042 448-973 -517 0 2001 Q1 Q2 Q3 Q4 I 2001 I I 2002 Q1 Q2 Q3 Q4 I 2002 I I 2003 Q1 Q2 Q3 Q4 I I -893-52 -847 0-174 -80-32 232 0-5 1-9 -47-1 204-8 258 32 0 52 2 19 1 293 75 221-3 0-2,03 3 14-2,21 1-1,538 0-1,720 182 0 11 4-13 20 0 313-39 -40 392 0 134 0-21 155 0-257 - -51-200 0-1,038 2-18 -1,022 0-230 -35-235 40 0-857 2 12-871 0 128-113 -104 345 0 559 1-24 583-1 71 40 27-23 0 242-2 3 241 0 5-13 95-77 0-452 -1 0-451 0 79 17 377 375 0-4 8 14-27 1-294 49 73-41 0 508-1 12 497 0-182 9-229 38 0-852 12 4-89 1 1,018-31 871 178 0-749 -12 8-745 0-2,492 17-2,485-24 0-1,002 3 2-1,007 0-4 14-10 28 0 332 27 1 304 0 140 84 171-115 0 305 4-25 32 0-8 21-541 -148 0 2,091 0-3 2,127 0-535 -31-488 -1 0 41-15 -22 453 0-39 371-12 -248 0 859 11 842 0-210 21-193 -38 0 90 1-14 103 0 31 22 3-72 0-17 20 4-41 0 34 41-2 -5 0-27 -1-32 -594 0-37 23-509 119 0-38 3 1-42 0 55-8 -8 131 0 970 2 92 0-35 3-398 0 1,375 0-2 1,377 0 287 33 159 95 0 18-1 -41 210 0-110 -45 3-8 0 548 1 7 540 0-712 -19-50 -43 0-202 -14-2 -18 0 1,227 899 112 21 0 973 1-2 974 0-510 -573-108 171 0-355 -2-18 -335 0-75 45-1 -35 0-1,025 9 13-1,047 0-49 -202-458 11 0 1,289-19 -17 1,325 0 240 1 122 117 0 2,90-8 -55 2,753 0-194 49-78 435 0-2,29-4 -238-2,345 0 1,031 131 38 532 0 52 1 2 49 0-234 18-9 -15 0-1,279 4 12-1,295 0 91-209 27 849 0 202 4-1 199 0-731 -11-38 -82 0 217-7 -13 237 0 751 1,035 94-378 0 53-9 2 0 0 100 27-2 75 0 419-3 - 428 0-11 -1,01 30 420 0 1,981-8 -1 1,990 0-179 -4 84-259 0 573-3 -24 00 0 244 57-143 330 0 13 3-30 13 0-259 -4-19 34 0-1,039-5 -4-988 0 34 54 53 527 0-1,402 5-77 -1,330 0 1 35 11 510 0-188 -4-115 -27 0-24 42 199-505 0 * Inflows (+); outflows (-). INFORMATION BULLETIN 12/2003 59

Statistical Appendix Tables Table 15.. Balance of Payments on a Cash Basis: Loans account (USD million: drawings and repayments) Loans extended Loans received Years 1997 1998 1999 2000 2001 2002 Short-term Long-term Short-term Long-term Repayments Drawings Repayments Drawings Drawings Repayments Drawings Repayments 1 2 3 4 5 7 8 129 189 145 227 1,201 09 1,189 773 131 145 175 23 337 380 3,238 1,59 5 54 18 195 935 494 4,407 2,350 195 19 295 19 551 408 4,574 3,324 123 107 212 233 53 744 5,913 7,480 129 113 170 241 1,824 1,37 4,481 5,454 2001 Q1 Q2 Q3 Q4 I 2001 I I 2002 Q1 Q2 Q3 Q4 I 2002 I I 2003 Q1 Q2 Q3 Q4 I I 52 25 1 3 122 38 1,10 925 25 21 4 57 18 179 71 1,201 14 14 50 8 301 322 1,241 1,734 38 53 13 35 1,215 837 1,43 1,594 11 5 28 20 35 14 23 455 11 10 21 35 29 7 597 222 30 10 12 8 58 17 24 248 5 25 43 52 43 244 742 13 10 10 9 0 8 121 189 7 5 11 5 74 8 30 270 4 4 28 30 132 99 58 427 7 12 53 58 103 294 285 4 3 10 3 111 120 31 1,022 3 17 3 5 979 77 508 452 19 18 3 5 77 50 420 528 1 18 7 25 159 110 535 14 38 32 21 9 33 52 82 84 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 19 17 175 157 393 482 19 15 15 3 11 39 49 202 30 10 12 8 58 17 24 248 5 11 43 43 233 742 13 10 10 9 0 8 121 189 7 5 11 5 74 8 30 270 4 4 28 30 132 99 58 427 7 12 53 58 103 292 289 4 3 10 3 111 130 31 1,011 3 17 3 5 979 80 508 39 19 18 3 5 77 50 420 528 1 18 7 25 155 110 42 28 0 51 33 20 477 79 1,152 1,10 59 78 31 48 1,394 1,393 1,719 1,597 88 9 43 98 335 28 1,883 2,51 140 18 51 289 419 288 2,474 2,10 18 17 7 5 175 157 397 493 19 15 15 3 11 370 484 208 23 19 11 12 141 152 271 909 18 25 8 21 1,144 109 484 390 25 34 13 11 109 82 33 338 1 19 10 1 141 1,202 899 89 34 42 2 27 117 121 478 394 24 27 10 34 157 100 444 587 30 27 7 37 1 5 91 1,580 34 39 9 55 129 75 808 755 3 58 3 80 100 5 504 388 43 89 39 154 190 148 1,12 93 0 N a t i o n a l B a n k o f P o l a n d

Statistical Appendix Tables Table 1. International Investment Position (USD million: assets and liabilities, end-of-period positions) Assets Direct investment Portfolio investment Other investment Years assets Equity (including reinvested earnings) Other capital Equity securities Debt instruments Financial derivatives Trade credit Loans Currency and deposits Other assets Reserve assets 1997 1998 1999 2000 2001 2002 1 2 3 4 5 7 8 9 10 11 12 13 14 31,908 78 35 43 839 2 837 0 8,988 1,781 1,15 5,980 71 21,403 38,399 1,15 898 27 1,093 9 1,084 0 7,8 2,325 1,343 4,170 28 28,275 40,100 1,024 812 212 1,143 28 1,115 0 10,19 2,521 1,28,551 21 27,314 44,74 1,018 870 148 1,575 47 1,528 0 14,15 3,151 1,259 9,90 299 27,4 49,309 1,15 999 157 1,311 108 1,203 0 20,275 4,108 1,141 14,595 431 2,54 51,02 1,453 1,24 189 2,175 245 1,930 0 17,04 5,325 1,243 10,99 337 29,794 Liabilities Direct investment Portfolio investment Other investment Years liabilities Equity (including reinvested earnings) Other capital Equity securities Debt instruments Financial derivatives Trade credit Loans and advances Currency and deposits Other liabilities Net assets 1997 1998 1999 2000 2001 2002 15 1 17 18 19 20 21 22 23 24 25 2 27 28 2,439 14,587 10,125 4,42 11,325 2,72 8,53 0 3,527 1,82 31,982 2,83 0-30,531 80,205 22,479 1,03,41 13,58 4,99 8,89 0 44,08 3,50 3,94 3,544 0-41,80 89,257 2,075 18,98 7,089 14,17 4,980 9,37 0 48,55 5,225 38,78 4,544 118-49,157 99,999 34,227 25,353 8,874 18,057 5,350 12,707 0 47,715 5,12 39,241 2,38 224-55,325 107,128 41,247 31,011 10,23 18,895 4,301 14,594 0 4,98,530 3,892 3,178 38-57,822 123,542 47,900 35,989 11,911 23,75 4,398 19,37 0 51,877 8,284 39,918 3,28 407-72,51 INFORMATION BULLETIN 12/2003 1

Statistical Appendix Tables Table 17. Official Reserve Assets (USD million: end-of-period positions) Monetary gold Reserve assets Foreign exchange Years In fine troy ounces (millions) Special Drawing Rights (SDR) Reserve position in the IMF Currency and deposits Securities Financial derivatives Other claims I 2001 I I 1 2 3 4 5 7 8 9 10 28,108 874 3.30 18 225 25,823,248 19,575 0 1,18 28,71 882 3.30 20 223 2,51 7,180 19,381 0 1,029 27,998 852 3.30 19 281 25,92 7,11 18,810 0 920 27,739 870 3.30 19 279 24,892 5,97 18,91 0 1,79 27,045 884 3.30 21 310 24,31,175 18,45 0 1,199 27,113 895 3.30 21 310 24,898 5,701 19,197 0 990 27,844 879 3.30 21 31 25,095 5,43 19,452 0 1,488 28,032 903 3.30 24 371 25,201 5,495 19,70 0 1,533 28,300 99 3.307 24 38 24,95 5,022 19,943 0 1,973 28,900 922 3.307 24 3 25,535 5,427 20,108 0 2,053 2,127 911 3.308 2 32 23,307 4,15 19,142 0 1,520 2,54 915 3.308 2 42 23,40 5,031 18,09 0 1,522 I 2002 I I 2,343 934 3.308 34 45 23,354 4,729 18,24 0 1,5 2,445 982 3.308 3 45 23,455 5,028 18,42 0 1,51 27,00 997 3.308 3 457 24,439 5,751 18,88 0 1,130 27,225 1,020 3.308 37 45 23,81 4,834 18,981 0 1,887 27,525 1,081 3.308 40 495 24,513 4,79 19,717 0 1,39 28,14 1,054 3.308 41 512 25,13 5,43 19,727 0 1,394 29,302 1,008 3.308 41 32 2,052,805 19,248 0 1,59 29,37 1,035 3.308 45 35 2,424,752 19,72 0 1,237 29,25 1,071 3.308 45 35 2,3 7,079 19,585 0 852 29,247 1,048 3.309 45 35 2,02,09 19,454 0 1,457 29,515 1,05 3.309 48 35 2,290 5,208 21,082 0 1,487 29,794 1,134 3.309 49 52 2,709 5,09 21,40 0 1,250 I I 30,495 1,21 3.309 50 1 27,123 4,909 22,214 0 1,445 31,851 1,150 3.304 52 54 27,51 4,789 22,82 0 2,344 31,097 1,108 3.309 53 1 27,275 3,957 23,318 0 1,999 31,052 1,114 3.309 53 718 27,814 4,398 23,41 0 1,352 33,525 1,210 3.309 57 732 29,797 5,583 24,214 0 1,728 32,084 1,145 3.308 5 722 28,579 4,893 23,8 0 1,582 32,031 1,174 3.308 5 714 29,18 5,958 23,228 0 902 31,99 1,243 3.308 55 792 28,015 5,023 22,992 0 1,594 32,898 1,284 3.308 1 789 28,84 5,157 23,707 0 1,900 33,778 1,278 3.309 0 779 29,395 5,47 23,928 0 2,2 34,123 1,317 3.307 4 79 30,21,321 23,895 0 1,729 33,975 1,381 3.308 804 31,725,84 24,879 0 0 2 N a t i o n a l B a n k o f P o l a n d

Statistical Appendix Tables Table 18. Poland: External Debt, Long- and Short-Term (USD million) External debt Years Long-term Short-term Monetary Authorities (National Bank of Poland) Central and local government Banks Other sectors Long-term Short-term Long-term Short-term Long-term Short-term Long-term Short-term 1997 1998 1999 2000 2001 2002 1 2 3 4 5 7 8 9 10 11 12 13 14 15 49,47 44,514 5,133 791 58 733 34,402 33,83 719 3,83 1,991 1,92 10,771 8,782 1,989 59,135 50,720 8,415 925 32 893 34,098 33,731 37 5,131 2,339 2,792 18,981 14,18 4,33 5,35 54,150 11,215 1,844 23 1,821 32,121 31,974 147,559 3,559 3,000 24,841 18,594,247 9,45 59,915 9,550 43 15 421 32,980 32,820 10,11 3,821 2,295 29,933 23,259,74 71,798 0,704 11,094 543 8 535 29,237 29,001 23,8 4,037 2,31 35,350 27,58 7,92 83,20 9,837 13,39 110 104 35,737 35,177 50 7,322 4,422 2,900 40,037 30,232 9,805 1999 Q1 Q2 Q3 Q4 59,555 49,780 9,775 2,041 29 2,012 32,554 32,205 349 4,807 2,243 2,54 20,153 15,303 4,850 59,532 50,137 9,395 1,52 2 1,53 32,18 31,802 3 5,190 2,487 2,703 20,12 15,822 4,790 3,085 53,033 10,052 1,884 24 1,80 32,311 32,089 222 5,908 3,074 2,834 22,982 17,84 5,13 5,397 54,182 11,215 1,844 23 1,821 32,121 31,974 147,548 3,548 3,000 24,884 18,37,247 2000 Q1 Q2 Q3 Q4 2001 Q1 Q2 Q3 Q4 5,1 55,819 9,842 9 19 50 33,412 33,19 21,139 3,54 2,575 25,441 19,040,401,759 5,9 10,090 409 19 390 33,315 33,174 141,318 3,518 2,800 2,717 19,958,759 5,505 5,188 9,317 394 17 377 32,383 32,220 13,170 3,542 2,28 2,558 20,409,149 9,45 59,915 9,550 43 15 421 32,980 32,820 10,11 3,821 2,295 29,933 23,259,74 71,317 1,337 9,980 370 13 357 33,52 33,394 132,032 3,2 2,40 31,389 24,304 7,085 70,799 0,282 10,517 252 11 241 32,147 31,99 178,452 3,789 2,3 31,948 24,513 7,435 73,525 2,930 10,595 39 10 38 32,793 32,54 229,821 4,159 2,2 33,515 2,197 7,318 71,900 0,833 11,07 428 8 420 29,254 29,003 251,733 3,97 2,7 35,485 27,855 7,30 2002 Q1 Q2 Q3 Q4 73,817 2,783 11,034 437 8 429 30,5 30,487 178 7,117 4,519 2,598 35,598 27,79 7,829 80,153 8,537 11,1 201 8 193 33,59 33,432 14 7,214 4,25 2,589 39,142 30,472 8,70 80,317 8,749 11,58 19 7 12 33,907 33,787 120 7,140 4,573 2,57 39,101 30,382 8,719 84,743 70,839 13,904 110 104 35,732 35,171 51 7,559 4,388 3,171 41,342 31,274 10,08 2003 Q1 Q2 Q3 Q4 89,17 74,93 14,54 477 471 38,319 37,945 374 7,957 4,591 3,3 42,84 32,421 10,443 92,807 77,051 15,75 595 5 590 39,09 38,721 375 8,349 4,841 3,508 44,77 33,484 11,283 93,831 77,142 1,89 1,11 5 1,111 38,578 38,2 312 8,357 4,881 3,47 45,780 33,990 11,790 103,80 84,914 18,892 8 4 4 44,025 43,78 257 10,950 5,439 5,511 48,823 35,703 13,120 INFORMATION BULLETIN 12/2003 3

Statistical Appendix Tables Table 19. Poland: External Debt, by Sectors and Instruments (USD million) National Bank of Poland Poland: external debt Central and local government Other investment Debt securities Other investment Years Loans Currency and deposits Bonds and notes Money-market instruments Loans Other liabilities 1997 1998 1999 2000 2001 2002 1 2 3 4 5 7 8 9 10 11 791 791 58 733 34,402 7,818 7,343 475 2,584 2,557 27 925 925 32 893 34,098 7,037,72 35 27,01 27,059 2 1,844 1,844 23 1,821 32,121,922,777 145 25,199 25,197 2 43 43 15 421 32,980 9,231 9,073 158 23,749 23,747 2 543 543 8 535 29,237 10,248 10,014 234 18,989 18,987 2 110 110 104 35,737 14,954 14,79 275 20,783 20,773 10 1999 Q1 Q2 Q3 Q4 2,041 2,041 29 2,012 32,554,880,533 347 25,74 25,72 2 1,52 1,52 2 1,53 32,18,942,578 34 25,22 25,224 2 1,884 1,884 24 1,80 32,311,01,381 220 25,710 25,708 2 1,844 1,844 23 1,821 32,121,922,777 145 25,199 25,197 2 2000 Q1 Q2 Q3 Q4 2001 Q1 Q2 Q3 Q4 9 9 19 50 33,412 9,093 8,877 21 24,319 24,319 0 409 409 19 390 33,315 9,01 8,875 141 24,299 24,299 0 394 394 17 377 32,383 9,147 8,98 11 23,23 23,234 2 43 43 15 421 32,980 9,231 9,073 158 23,749 23,747 2 370 370 13 357 33,52 10,729 10,599 130 22,797 22,795 2 252 252 11 241 32,147 9,945 9,79 17 22,202 22,200 2 39 39 10 38 32,793 9,808 9,581 227 22,985 22,983 2 428 428 8 420 29,254 10,248 10,014 234 19,00 18,989 17 2002 Q1 Q2 Q3 Q4 437 437 8 429 30,5 11,843 11,7 17 18,822 18,811 11 201 201 8 193 33,59 13,330 13,188 142 20,2 20,244 22 19 19 7 12 33,907 14,319 14,208 111 19,588 19,579 9 110 110 104 35,732 14,957 14,80 277 20,775 20,7 9 2003 Q1 Q2 Q3 Q4 477 477 471 38,319 17,894 17,537 357 20,425 20,408 17 595 595 5 590 39,09 17,833 17,47 357 21,23 21,245 18 1,11 1,11 5 1,111 38,578 17,749 17,457 292 20,829 20,809 20 8 8 4 4 44,025 21,519 21,304 215 22,50 22,44 42 4 N a t i o n a l B a n k o f P o l a n d

Statistical Appendix Tables Table 19. Poland: External Debt, by Sectors and Instruments, cont. (USD million) Poland: external debt, cont. Banks Years Debt securities Loans from direct investors (intercompany loans) Bonds and notes Money-market instruments Loans Other investment Currency and deposits Other liabilities 1997 1998 1999 2000 2001 2002 1999 Q1 Q2 Q3 Q4 2000 Q1 Q2 Q3 Q4 2001 Q1 Q2 Q3 Q4 2002 Q1 Q2 Q3 Q4 2003 Q1 Q2 Q3 Q4 12 13 14 15 1 17 18 19 20 3,83 141 488 30 182 3,054 1,104 1,950 0 5,131 10 23 215 21 4,735 2,084 2,51 0,559 145 10 10 0,404 3,81 2,723 0,11 194 110 110 0 5,812 3,595 2,217 0,8 129 237 237 0,302 3,79 2,23 0 7,322 481 19 19 0,45 3,748 2,897 0 4,807 13 224 217 7 4,447 2,001 2,44 0 5,190 137 1 1 0 4,992 2,404 2,588 0 5,908 138 0 0 0 5,710 3,052 2,58 0,559 145 10 10 0,404 3,81 2,723 0,139 143 8 8 0 5,988 3,517 2,471 0,318 143 18 18 0,157 3,455 2,702 0,170 191 101 101 0 5,878 3,34 2,532 0,11 194 110 110 0 5,812 3,595 2,217 0,032 171 108 108 0 5,753 3,355 2,398 0,452 12 142 142 0,148 3,491 2,57 0,821 15 140 140 0,525 3,871 2,54 0,733 129 17 17 0,437 3,79 2,758 0 7,117 298 311 199 112,508 4,029 2,479 0 7,214 312 185 185 0,717 4,131 2,58 0 7,140 348 149 149 0,43 4,078 2,55 0 7,559 481 12 12 0,91 3,752 3,14 0 7,957 514 213 203 10 7,230 3,880 3,350 0 8,349 537 23 204 32 7,57 4,107 3,49 0 8,357 527 12 131 31 7,8 4,235 3,433 0 10,950 55 244 212 32 10,141 4,701 5,440 0 INFORMATION BULLETIN 12/2003 5

Statistical Appendix Tables Table 19. Poland: External Debt, by Sectors and Instruments, cont. (USD million) Poland: external debt, cont. Other sectors Years Loans from direct investors (intercompany loans) Debt securities Bonds and notes Money-market instruments Other investment Trade credits Loans Other liabilities 1997 1998 1999 2000 2001 2002 21 22 23 24 25 2 27 28 29 30 10,771 4,32 347 325 22,098 1,82 4,23 0 49,47 18,981,218 1,41 1,328 88 11,347 3,50 7,787 0 59,135 24,841 7,053 2,705 2,82 23 15,083 5,225 9,742 11 5,35 29,933 8,849 3,3 3,25 101 17,718 5,12 11,884 222 9,45 35,350 10,102 4,150 4,137 13 21,098,530 14,207 31 71,798 40,037 11,599 4,25 4,140 11 24,182 8,284 15,395 503 83,20 1999 Q1 Q2 Q3 Q4 20,153,358 1,528 1,431 97 12,27 3,970 8,293 4 59,555 20,12,729 1,459 1,38 73 12,424 3,700 8,705 19 59,532 22,982 7,872 1,420 1,391 29 13,90 3,901 9,79 20 3,085 24,841 7,053 2,705 2,82 23 15,083 5,225 9,742 11 5,35 2000 Q1 Q2 Q3 Q4 2001 Q1 Q2 Q3 Q4 25,441 7,037 2,93 2,919 44 15,441 5,450 9,895 9 5,1 2,717 7,45 3,09 3,092 4 1,15 5,37 10,39 159,759 2,558 8,008 2,990 2,98 4 15,50 4,970 10,308 282 5,505 29,933 8,849 3,3 3,25 101 17,718 5,12 11,884 222 9,45 31,389 9,040 3,99 3,880 11 18,353,230 12,049 74 71,317 31,948 9,000 3,95 3,90 50 18,992,430 12,397 15 70,799 33,515 9,314 4,075 4,02 13 20,12,332 13,10 184 73,525 35,485 10,21 4,179 4,1 13 21,045,530 14,21 299 71,900 2002 Q1 Q2 Q3 Q4 35,598 10,179 4,019 3,955 4 21,400,830 14,254 31 73,817 39,142 11,195 4,292 4,252 40 23,55 7,551 15,735 39 80,153 39,101 11,333 4,330 4,28 2 23,438 7,511 15,540 387 80,317 41,342 12,119 4,248 4,132 11 24,975 8,592 15,993 390 84,743 2003 Q1 Q2 Q3 Q4 42,84 12,449 4,433 4,382 51 25,982 9,273 1,324 385 89,17 44,77 12,88 4,419 4,345 74 27,0 10,250 17,03 374 92,807 45,780 12,801 4,391 4,331 0 28,588 10,0 17,537 391 93,831 48,823 13,271 4,528 4,434 94 31,024 11,857 18,784 383 103,80 N a t i o n a l B a n k o f P o l a n d

Statistical Appendis Figures.2. Figures Figure 1. Consumer Price Index, January 1999 December 2003 (the same period of the previous year = 100) % 115 110 105 100 I I I I I 1999 2000 2001 2002 2003 Consumer Price Index Figure 2. Industrial sales, real terms, January 1999 December 2003 (the same period of the previous year = 100) % 120 115 110 105 100 95 90 I I I I I 1999 2000 2001 2002 2003 Industrial sales, real terms Figure 3. Warsaw Stock Exchange First-tier market, December 2002 December 2003 22 20 18 1 14 12 10 8 4 2 WIG, 000 points I I I 2002 2003 Turnover, billion zloty 18 1 14 12 10 8 4 2 0 I Warsaw Stock Exchange Index (WIG) monthly average monthly turnover INFORMATION BULLETIN 12/2003 7

Statistical Appendis Figures Figure 4. Open market operations, December 2002 December 2003 Billion zloty 25 20 15 10 5 0 I I I 2002 2003 I Balance of funds absorbed from the system at month s end alue of funds received during the month Figure 5. Zloty deposit and lending rates against NBP lombard rate, December 2000 December 2003 % p.a. 25 20 15 10 5 0 I I I I I I I I I I 2000 2001 2002 2003 Time deposits of households 1 Time deposits of corporations 2 consumer loans 3 lending to corporations 4 NBP lombard rate Note: by February 2002 the above curves refer to: 1 Personal time deposits 2 Corporate time deposits 3 advances 4 corporate loans Figure. T/N interest rates, December 2002 December 2003 % 10 5 0 I I I 2002 2003 WIBID I WIBOR 8 N a t i o n a l B a n k o f P o l a n d

Statistical Appendis Figures Figure 7. Monthly growth of monetary aggregates against inflation, December 2002 December 2003 5 4 3 2 1 0-1 -2-3 -4-5 % I I I 2002 2003 M1 M3 I Inflation Figure 8. Annual growth of monetary aggregates against inflation (in %), December 2002 December 2003 % 25 20 15 10 5 0-5 I I I I 2002 2003 M1 M3 Inflation Figure 9. PLN/USD exchange rates, December 2002 December 2003 PLN 4.1500 4.0500 3.9500 3.8500 3.7500 3.500 I I I 2002 2003 NBP average PLN/USD rate (fixing) I INFORMATION BULLETIN 12/2003 9

Statistical Appendis Figures Figure 10. PLN/EUR exchange rates, December 2002 December 2003 PLN 4.8000 4.7000 4.000 4.5000 4.4000 4.3000 4.2000 4.1000 4.0000 3.9000 I I I 2002 2003 NBP average PLN/EUR rate (fixing) I Figure 11. Current account components USD million 3,000 2,000 1,000 0-1,000-2,000-3,000-4,000-5,000 I I I I Quarters 2000 2001 2002 2003 Goods Services Income Current transfers Unclassified current transactions Figure 12. Trade balance USD million 5,500 3,500 1,500-500 -2,500-4,500 -,500 I I I I 2000 2001 2002 2003 Export of goods Import of goods Trade balance 70 N a t i o n a l B a n k o f P o l a n d

Statistical Appendis Figures Figure 13. Financial account: foreign investment (net) USD million,000 5,000 4,000 3,000 2,000 1,000 0-1,000-2,000 I I I I Quarters 2000 2001 2002 2003 Foreign portfolio investment in Poland Foreign direct investment in Poland Loans received Financial account INFORMATION BULLETIN 12/2003 71