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 of demand at a level visibly lower than several years ago and maintain the forecast for end-year," the ZBP said. In the first nine month of 2015, banks granted PLN 28.74 bln in new mortgages, up from 27.66 bln in the previous year.