Banks record lower demand for mortgages and consumer loans

Demand for housing loans in the Polish banking sector declined by 6.6 percent y/y in June, while demand for consumer loans was down by 1.6 percent y/y, Poland's credit information bureau (BIK) estimated. For housing loans, YTD index value stands at 3.5 percent, while for consumer loans it amounts to -1.6 percent. The BIK index reflects year-on-year change in the value of loan applications underpinning credit inquiries to BIK from banks and savings & loan institutions.