Bank Pekao wants to sell PLN 1 billion worth of loans each month

Bank Pekao wants to give out PLN 1 billion  in consumer loans each month in 2016, CEO Luigi Lovaglio announced on Tuesday. He admitted that this decision is somewhat surprising given the projected slowdown in growth of this sector, but the bank expects that it will overcome this. Pekao estimates that the personal consumer loan market should grow by 3.3 percent, while for business loans it should increase by 3.5 percent. "A tough year is up ahead, but our strategy is not changing. We want to continue our growth, at a level above market average,"  Lovaglio added.