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 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...

Locked content Consumer loans up by 0.1%

The value of consumer credits increased by 0.1 percent or PLN 173 million in January month-on-month and reached PLN 153.4 billion, the National Bank of Poland (NBP) announced on Wednesday. The NBP also informed that the value of mortgages taken by households grew by 0.9 percent in January m/m to PLN...

Locked content Consumer loans up by 0.5% in XII

The value of consumer credits increased by 0.5 percent or PLN 750 million in December month-on-month and reached PLN 153.26 billion, the National Bank of Poland (NBP) announced on Wednesday. The NBP also informed that the value of mortgages taken by households grew by 0.2 percent in December m/m to ...

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...

Locked content Banks granted 43,950 mortgage loans in Q3

Banks granted 43,950 mortgages worth PLN 9.7 billion, a drop of 3.5 percent q/q in terms of value and a decline of five percent q/q in terms of volume, the Polish Banking Association (ZBP) said in a report. The full-year result would be slightly better. “We can speak of a certain stabilization...

Locked content Senate changes act on FX mortgage loans

Poland’s upper chamber of parliament has decided to restore the initial version of the bill on foreign currency mortgage loans conversion, which stipulates that the cost of such conversion would be split equally between banks and borrowers. Earlier, the lower chamber of  parliament had adopted...