Value of new mortgage loans grows 18% y/y in Q2

The value of new mortgage loans granted by banks in Q2 2018 increased by 6.4 percent q/q to PLN 13.74 billion, while the number of loans fell by 2.67 percent against the previous quarter to 53,686 loans, a report by Amron-Sarfin stated. Compared to Q2 2017, the value of new mortgage loans grew by ov...

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...

Locked content UOKiK submits to court over FX-mortgages at mBank

The Consumer Protection Authority (UOKiK) has for the second time struck down a contractual clause in some existing mortgage loans of commercial lender mBank, the watchdog informed on Friday. “Contract clauses that too vaguely indicate the grounds for changing interest rates are prohibited, as...

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 PKO BP eyes €500 mln mortgage bond issue in H2 – CEO

State-controlled lender PKO Bank Polski (PKO BP) intends to implement at least a €500 million mortgage bond issue on international markets in H2, CEO Zbigniew Jagiełło announced. “We want mortgage financing to shift to covered bonds in H2,” the official emphasized. “The bank is wor...

Locked content Bank BPH ceases mortgage loans acceptance

Polish commercial lender Bank BPH has announced it will stop an acceptance of mortgage loans for its retail customers as of September 1, 2016. “The decision is related to the planned sale transaction and the division of the Bank, after which Bank BPH will not issue new mortgage loans,” a...

Locked content UOKiK launches proceeding against mBank over FX-mortgages

The Consumer Protection Authority (UOKiK) has struck down a contractual clause in some existing home mortgage loans of commercial lender mBank which had allowed the bank to set discretionary margins on FX-mortgages, opening the door for those loans to be nullified, the head of UOKiK Marek Niechcial ...

Locked content Consumer loans up; housing loans down in VII – NBP

The value of consumer credits increased by 0.5 percent or PLN 0.91 billion in July month-on-month and reached PLN 160.1 billion, the National Bank of Poland (NBP) announced on Monday. The NBP also informed that the value of mortgages taken by households declined by 0.5 percent in July m/m to PLN 392...

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 Consumer loans up by 0.9% in May

The value of consumer credits increased by 0.9 percent or PLN 1.45 billion in May month-on-month and reached PLN 157.9 billion, the National Bank of Poland (NBP) announced on Tuesday. The NBP also informed that the value of mortgages taken by households declined by 0.4 percent in May m/m to PLN 390....