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...

Locked content BIK: Banks record higher demand for housing loans

Demand for housing loans granted by banks and credit unions grew by 1.7 percent in August y/y, while demand for consumer loans declined by 3.2 percent in the same month y/y, the Credit Information Bureau (BIK) informed. August was the first month when demand for housing loans went up after three mon...

Locked content BIK: Banks record lower demand for housing loans

Demand for housing loans granted by banks and credit unions fell by 9.5 percent in July y/y, while demand for consumer loans declined by 5.3 percent in the same month y/y, the Credit Information Bureau (BIK) informed. It was the third consecutive months of declines. In YTD terms, the mortgage loan d...

Locked content Number of consumer loans down in October

The number of consumer loans granted by banks and credit unions stood at 592,000 in May, a decrease of 4.4 percent y/y, while their value amounted to PLN 6.6 billion, a decline of 0.9 percent y/y, the Credit Information Bureau (BIK) informed. BIK also informed that the value of mortgages granted by ...

Locked content Banks record lower demand for mortgages and consumer loans

Demand for housing loans in the Polish banking sector declined by 6.6 percent y/y in June, while demand for consumer loans was down by 1.6 percent y/y, Poland’s credit information bureau (BIK) estimated. For housing loans, YTD index value stands at 3.5 percent, while for consumer loans it amou...

Locked content BIK: Banks record lower demand for housing loans

Demand for housing loans granted by banks and credit unions fell by 4.5 percent in May  y/y, while demand for consumer loans declined by 2.2 percent in the same month y/y, the Credit Information Bureau (BIK) informed. May was the first month this year when demand for mortgage loans declined. In the ...

Locked content BIK: Banks record higher demand for housing loans

The number of consumer loans granted by banks and credit unions stood at 1.62 mln in Q1, a decrease of 6.5 percent y/y, while their value amounted to PLN 18.9 billion, a decline of three percent y/y, the Credit Information Bureau (BIK) informed. BIK has also informed that the value of mortgages gran...

Locked content Banks record higher demand for mortgages, lower for consumer loans

Demand for housing loans in the Polish banking sector increased by 5.5 percent y/y in March, while demand for consumer loans was down by 6.3 percent y/y, Poland’s credit information bureau (BIK) estimated. In Q1 2016, demand for mortgage loans grew by 6.4 percent year-on-year, BIK data showed....

Locked content Banks record higher demand for mortgages

Demand for mortgage loans in the Polish banking sector increased by 4.9 percent y/y in February, while demand for consumer loans was down by 3.8 percent y/y, Poland’s credit information bureau (BIK) estimated. The BIK index reflects a y/y change in the value of loan applications underpinning c...