Housing loans drop in Q3 – ZBP

Polish banks granted 45,824 new housing loans in Q3, according to data released by market lobby ZBP. That figure is 8 percent lower q/q. In terms of value, mortgages reached PLN 10.95 billion, which is 6.3 percent less q/q. In y/y terms, origination grew by 7.5 percent, while the value increased by 13.2 percent. According to ZBP forecasts, banks will grant over 200k housing loans worth some PLN 40 billion this year, which will be the best result in 6 years.