Demand for housing and consumer loans up in February – BIK

Demand for housing loans in the Polish banking sector increased by 6.7 percent y/y in February, while demand for consumer loans increased by 3.9 percent y/y, Poland's credit information bureau BIK said. “After a huge demand for housing loans in January, due to the MdM subsidy program, in February the loan needs returned to previous levels,” the report said. The number of mortgage applications declined, but the value of average motion increased by some 10 percent.