Covid-regulatory tsunami hits lending market very hard

The sector of lending institutions, which already recorded a loss of over PLN 122 million in 2019, was significantly affected by the effects of the Covid-19 pandemic, and the profitability of business was also lowered by regulatory changes. 2020 was a difficult year for the lending sector, which is reflected in the sales results of non-bank loans.

In addition to the so-called credit holidays and a threefold reduction in interest rates, regulations were introduced to radically limit the maximum…