Number of consumer and mortgage loans down in May

The number of consumer credits granted by banks and credit unions stood at 538,800, a decline of 8.3 percent in April y/y, while their value amounted to PLN 6.8 billion, an increase of 4.6 percent y/y, the Credit Information Bureau (BIK) informed.  The average value of a single credit stood at PLN 11,596. BIK has also informed that the value of mortgage loans granted by banks and credit unions decreased by 2.7 percent in April y/y to PLN 3.6 billion. The number of such credits also fell by 4.6 percent y/y.