Housing loans to reach PLN 56 bln in 2018 - BIK

According to data gathered by the credit information bureau BIK, the demand for housing loans in the Polish banking sector increased by 6.1 percent y/y in June. Banks granted 19,500 new housing loans in June at the total amount of PLN 4.93 billion (which is up by 15.7 percent y/y in terms of value). In the first six months of 2018, banks granted a total of 117,000 housing loans at the total amount of PLN 27.9 billion. BIK forecasts that in 2018 banks may grant housing loans worth PLN 56 billion.