NBP: loans up, mortgages down in December

The value of consumer credits increased by 0.7 percent or PLN 1.26 billion in December month-on-month and reached PLN 174.1 billion, Poland's Central Bank (NBP) announced. The value of mortgages decreased by 0.2 percent in December m/m to PLN 405.05 billion. The value of such credits denominated in PLN grew by 0.5 percent m/m, while the value of mortgages denominated in foreign currencies decreased by 1.7 percent m/m. Furthermore, the total stock of corporate loans fell by 0.9 percent y/y to PLN 313.2 billion.