BIK: Banks record lower demand for housing loans

Demand for housing loans granted by banks and credit unions fell by 4.5 percent in May  y/y, while demand for consumer loans declined by 2.2 percent in the same month y/y, the Credit Information Bureau (BIK) informed. May was the first month this year when demand for mortgage loans declined. In the period January-May, the mortgage loan demand index rose by 4.9 percent, while the consumer loans index declined by 2.1 percent, BIK indicated.