Number of consumer loans down in October

The number of consumer loans granted by banks and credit unions stood at 595,800 in October, a decrease of 9.9 percent y/y, while their value amounted to PLN 6.8 billion, a decline of 5.5 percent y/y, the Credit Information Bureau (BIK) informed.  The average value of a single credit stood at PLN 11,164 in the period January-October. BIK has also informed that the value of mortgages granted by banks and credit unions increased by 8.6 percent in October y/y to PLN 3.8 billion. The number of such loans grew by 5 percent y/y to 17,800.