Locked content WSE launches new joint rating agency

The Warsaw Stock Exchange (WSE), Polish Development Fund (PFR), the Credit Information Bureau (BIK) and the Institute of Analysis and Rating (IAiR) signed an investment agreement on the creation of a joint rating agency, BIK said in a press release. The new agency will primarily address its offer to...

Consumer loans exceed mortgage loans in 2017

The value of consumer loans granted by banks and bank-like entities (SKOK) stood at PLN 66.1 billion and significantly exceeded the value of mortgage loans, which came in at PLN 46.5 billion, according to Credit Information Bureau (BIK). “25 percent of consumer loans were granted for a period exceed...

Demand for mortgage loans up 13% y/y in March – BIK

The demand for mortgage loans in March (calculated as the total value of mortgage loans, for which inquiries were filed with Credit Information Bureau BIK) increased by 13 percent in March year-on-year, BIK stated. “In total 41,380 mortgage loan applications were submitted in March, compared to 44,7...

Demand for housing loans on the rise in February – BIK

According to data gathered by the credit information bureau BIK, the demand for housing loans in the Polish banking sector increased by 13.4 percent y/y in February. The average value of loan application amounted to PLN 243.29k, up by 8.4 percent y/y. The data excludes loan applications exceeding PL...

Locked content BIK: banks issued 9 mln loans worth PLN 133 bln in 2017

In 2017, banks and SKOK credit unions provided some 9.05 million loans with a total value of PLN 133.2 billion, the Credit Information Bureau (BIK) reported, representing a 5.5 percent y/y growth. Overall, last year, lenders granted 7.23 million loans (1 percent growth) worth PLN 78.66 billion (up b...

BIK: Seniors have nearly PLN 10k in debt on average

The average debt of a person over 65 years-old is PLN 9,936, according to the Credit Information Bureau (BIK). In value terms, seniors have the most consumption loans (PLN 18.9 billion), followed by mortgages (PLN 6.6 billion), credit cards (PLN 1.1 billion), and debit limits (PLN 0.9 billion).

Demand for housing loans soars in December – BIK

According to data gathered by the credit information bureau BIK, the demand for housing loans in the Polish banking sector increased by 33.7 percent y/y in December. The average value of loan application amounted to PLN 221k similar to last year. The data excludes loan applications exceeding PLN 1 m...

Demand for housing loans up by 10.7 percent in October– BIK

According to data gathered by the credit information bureau BIK, the demand for housing loans in the Polish banking sector increased by 10.7 percent y/y in October. The average value of loan application amounted to PLN 238k and was higher by 5.6 percent y/y. The data excludes loan applications excee...

Demand for housing loans up by 3.1% in September– BIK

According to data gathered by the credit information bureau BIK, the demand for housing loans in the Polish banking sector increased by 3.1 percent y/y in September. The average value of loan application amounted to PLN 234k and was higher by 5.5 percent y/y. The data excludes loan applications exce...

Demand for housing loans up by 23.6% in July – BIK

According to data gathered by the credit information bureau BIK, the demand for housing loans in the Polish banking sector increased by 23.6 percent y/y in June. Overall, there were 31.3k mortgage applications filed in July with the average amount of loan amounting to PLN 232.8k and was higher by 6....