Locked content Banks record higher demand for mortgage loans

Demand for mortgage loans in the Polish banking sector increased by 8.9 percent y/y in January, while demand for consumer loans was down by 4.2 percent y/y, Poland’s credit information bureau (BIK) estimated. In FY2015, demand for consumer loans increased by 3.1 percent y/y, while demand for m...

Locked content Number of consumer loans down in October

The number of consumer loans granted by banks and credit unions stood at 595,800 in October, a decrease of 9.9 percent y/y, while their value amounted to PLN 6.8 billion, a decline of 5.5 percent y/y, the Credit Information Bureau (BIK) informed.  The average value of a single credit stood at PLN 11...

14% of Poles up to 24 years old are in debt

More than half a million young Poles aged between 18 and 24 are already in debt, Mariusz Cholewa, the head of the Bureau for Credit Information (BIK) informed. In their age group they make up 14,4 percent and the total amount of their debt amounts to PLN 6 billion. The average debt of a young Pole a...

Locked content Number of credit cards issued down by 1.5%

Commercial lenders and cooperative banks issued 253,000 credit cards in Q1 with a total granted credit limit of PLN 1.1 billion, a decline of 1.5 percent y/y in terms of quantity and an increase of 10.5 percent y/y in terms of value, according to the Credit Information Bureau (Biuro Informacji Kredy...

Locked content Mortgage credit demand down by 7.6% in April

The value of the Mortgage Credit Demand Index stood at -7.6 percent in April 2015, which means that banks and SKOK credit unions sent inquiries to the Credit Information Bureau (Biuro Informacji Kredytowej – BIK) for mortgage credits with 7.6 percent less value than in April 2015, the BIK info...

Locked content Polish ladies take out more loans

Polish women aged 47-65 take out more loans then their male counterparts, as reported by IAR. In this age group, 28 percent of women and 27 percent of men took out credit. Younger males (aged 32-46) seem to take out more loans than women. On the other hand, mortgage loans are taken out by more…...