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...
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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).
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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....

Locked content Demand for housing loans soars 41.5% y/y in January

Demand for housing loans in the Polish banking sector grew by 41.5 percent year-on-year in January, while demand for consumer loans increased only marginally, by 0.7 percent y/y, Poland’s credit information bureau BIK estimated. The strong increase of demand for housing loans was related to th...

Locked content Poland to launch its own rating agency in 2017

The Warsaw Stock Exchange, development fund PFR and credit information agency BIK will launch a credit rating agency next year, Warsaw bourse CEO Małgorzata Zalewska said at a press conference. “The agreement has already been negotiated, the signing ceremony will take place soon,” she said. The agen...

Locked content Consumer bankruptcies hit record high in Poland

Declaring bankruptcy is becoming increasing popular among Poles. This year nearly 3,000 people did so, which is twice as many as in 2015, the daily Gazeta Wyborcza reports. Data from the Judicial and Economic Monitor, where court decisions on bankruptcies are published, clearly indicates that indebt...