Consumer finance market to grow

The Polish consumer finance market still has potential for growth, Marta Penczar from the Gdańsk Institute for Market Economics (IBnGR) was quoted as saying by ISBnews. The total value of consumer loans may reach PLN 172 billion at the end of 2018 compared to PLN 138 billion in 2014. The IBnGR expects the value of consumer loans granted by banks to grow by 5 percent in 2014, 4.7 percent in 2016, 6.4 percent in 2017 and 6.2 percent in 2018. “Out of the many factors that influence consumer finance, the majority will be positive,” Penczar said.