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. For consumer loans, YTD index value stands at negative 4.8 percent. The BIK index reflects a year-on-year change in the value of loan applications underpinning credit inquiries to BIK from banks and savings & loan institutions.