NBP: loans up, mortgages down in October

The value of consumer credits increased by 0.6 percent or PLN 1.08 billion in October month-on-month and reached PLN 172.18 billion, the Poland's Central Bank (NBP) announced. The value of mortgages decreased by 0.5 percent in October m/m to PLN 407.1 billion. The value of such credits denominated in PLN grew by 0.9 percent m/m, while the value of mortgages denominated in foreign currencies decreased by 3.1 percent m/m. Furthermore, the total stock of corporate loans edged up by 0.4 percent to PLN 316.1 billion.