Banks record higher demand for mortgage loans

Demand for mortgage loans in the Polish banking sector increased by 8.9 percent y/y in January, while demand for consumer loans was down by 4.2 percent y/y, Poland's credit information bureau (BIK) estimated. In FY2015, demand for consumer loans increased by 3.1 percent y/y, while demand for mortgage loans rose 4.5 percent, BIK data showed. The BIK index reflects a y/y change in the value of loan applications underpinning credit inquiries to BIK from banks and savings & loan institutions.