Locked content FinMin: Budget to be hit by FX-loan conversion bill

The Ministry of Finance said on Friday that if the law on  CHF-mortgage conversion would be adopted in the form it was approved by the lower chamber of the parliament, it would have a negative impact of PLN 3.5 bln on CIT receipts of the Polish state budget in years 2016-2018 and of PLN 0.1…

Locked content Number of consumer and mortgage loans down in May

The number of consumer credits granted by banks and credit unions stood at 538,800, a decline of 8.3 percent in April y/y, while their value amounted to PLN 6.8 billion, an increase of 4.6 percent y/y, the Credit Information Bureau (BIK) informed.  The average value of a single credit stood at PLN 1...

Locked content Consumer loans up by 0.3% in April

The value of consumer credits increased by 0.3 percent or PLN 454 million in April month-on-month and reached PLN 145.5 billion, the National Bank of Poland (NBP) announced on Friday. The value of such credits denominated in PLN increased by 0.5 percent m/m, while the value of consumer credits denom...

Locked content PKO and mBank to withhold dividend payout?

Commercial lenders PKO BP and mBank have received a recommendation from the financial watchdog KNF to withhold from paying dividends for the last year. It is said that the action is aimed at pressurizing banks to convert the CHF-denominated mortgage loans to the złoty. The KNF had earlier informed t...

Locked content Value of consumer credits up in January

The value of consumer credits increased by 0.4 percent in January month-on-month, the National Bank of Poland (NBP) announced Monday. The value of such credits denominated in PLN declined by 0.1 percent m/m, i.e. by PLN 192.0 million, while the value of consumer credits denominated in foreign curren...

Locked content Eurobank to boost mortgage sales in 2015

Commercial lender Eurobank, a unit of French Societe Generale, is set to increase mortgage loans and cash loans sales by 10 percent in 2015. The bank also plans to win 10 percent more retail clients than in 2014, Arnaud Denis, CEO of Eurobank told ISBNews. The number of Eurobank’s customers in...

KNF’s plan for franc borrowers

The Head of the Financial Supervision Authority (KNF), Andrzej Jakubiak presented a plan for franc-denominated mortgage loan conversion. It assumes that mortgage loans would be converted to two złoty-denominated debts. The first would be secured by the mortgaged property and would correspond to the ...

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…...