NBP: banks ease lending to enterprises, tightened for consumers
14:41
For Q3 2024, banks are not expected to make significant changes to their lending criteria but anticipate an increase in demand for all types of loans, except for housing loans, according to a survey by the National Bank of Poland (NBP).
In Q2 2024, banks eased credit policies for large enterprises for the first time since 2017 but tightened them for small and medium-sized enterprises (SMEs) due to increased risk and deteriorating credit quality. Demand for loans, especially for large enterprises, grew, driven by needs for mergers, acquisitions, working capital, and fixed assets.
For housing loans, demand decreased due to stricter criteria and the end of the "Safe Credit 2%" program. In contrast, demand for consumer loans rose significantly due to increased spending on durable goods and improved household financial conditions.
