Consumer loans up by 0.9% in May

The value of consumer credits increased by 0.9 percent or PLN 1.45 billion in May month-on-month and reached PLN 157.9 billion, the National Bank of Poland (NBP) announced on Tuesday. The NBP also informed that the value of mortgages taken by households declined by 0.4 percent in May m/m to PLN 390.4 billion. The value of such credits denominated in PLN grew by 0.5 percent m/m, while the value of mortgages denominated in foreign currencies fell by 1.7 percent m/m.