In Q3, banks relaxed lending criteria, including housing
In Q3 2024, banks in Poland eased their credit criteria for housing, consumer loans, and long-term loans for small and medium-sized enterprises (SMEs), according to a report from the National Bank of Poland (NBP). This marks the first easing of SME loan criteria since Q4 2021, attributed to increased competitive pressure among banks.
While banks reduced the maximum loan amounts and lower additional loan costs, there was a rise in demand for working capital financing and mergers and acquisitions, boosting overall business loan demand. Despite a drop in demand for consumer loans primarily due to the end of the "Safe Credit 2%" program, banks expect increased demand across most credit types in Q4 2024, with no significant changes to lending criteria planned.
(pb.pl)
