Almost every second Pole has a credit – BIK

Credit Information Bureau (BIK) recorded 15.3 million active creditors at the end of June. This means that almost every second adult Pole (48.8 percent) is repaying a credit or a loan. In total, there were registered 28.34 million liabilities in the amount of PLN 608.26 billion. The value of all cre...

Locked content Seniors reach debts of PLN 7.3 billion

The total amount of loans and current bills which seniors did not pay on time has reached PLN 7.3 billion. The main reason for borrowing money is spending it on medications and medical treatment, according to the data of BIG InfoMonitor and Credit Information Bureau (BIK). In the first half of 2018,...

Locked content 4,234 people declared bankruptcy in Jan.-Aug.

In the first eight months of this year, 4,234 people declared bankruptcy, according to BIK and BIG InfoMonitor data. Their debts amounted to about PLN 490 million at the end of August. Those who declared bankruptcy in the period from 2015 to Aug. 2018 had more than PLN 2 billion debts in banks and s...

Locked content Poles have about PLN 71 bln of debt

Total debt of Poles resulting from, among others, late payments of credits, loans, alimony and utility bills stood at nearly PLN 71 billion, BIG Infomonitor and BIK informed. In H1 2018 the debt grew by about PLN 6.5 billion: by PLN 5.25 billion in Q2 and by PLN 1.24 billion in Q1. In Q2 the…

Locked content BIK: banks issued 0.3% fewer credit cards in July

The number of credit cards issued by banks dropped by 0.3 percent to 79,400 in July this year. At the same time, the total amount of limits granted increased by 1.5 percent and amounted to PLN 451 million compared to July 2017 – the Credit Information Bureau (BIK) said. BIK also pointed out th...

Housing loans to reach PLN 56 bln in 2018 – BIK

According to data gathered by the credit information bureau BIK, the demand for housing loans in the Polish banking sector increased by 6.1 percent y/y in June. Banks granted 19,500 new housing loans in June at the total amount of PLN 4.93 billion (which is up by 15.7 percent y/y in terms of value).

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...