Banks to loosen consumer loans criteria, tighten corporate lending – NBP survey

Polish lenders plan on loosening criteria for consumer loans in Q2 but will tighten them for long-term corporate credits for SMEs, according to the survey on the credit market situation carried out by the central bank NBP among credit committee heads. The housing criteria will most likely be left unchanged. Banks plan to loosen lending policy for consumer loans amid expected slight demand growth, continuing trends from Q1, while criteria for long-term loans for SMEs are expected to be tightened amid rising demand. The survey was addressed to the chairpersons of banks’ credit committees. The banks’ responses may not take account of the opinions of the banks’ divisions other than the credit divisions, NBP explained.