Credit activity of loan companies drops in May

In May, loan companies granted loans worth PLN 551 million, by 12.1 percent  less on annual basis, the Credit Information Bureau (BIK) reported. In numerical terms, the drop was 8.5 percent. up to 222,200 loans.
The average value of the loan granted in May amounted to PLN 2,480 and was lower than the average value of the loan granted in May 2018 by 4 percent. In the period January - May 2019, loan companies granted 1,109,900 loans for PLN 2.8 billion. In numerical terms, this means a decrease by 3.2 percent, and in value terms by 3.3 percent.
(PAP)