Over half medium-sized co's have bank loan

More than a half (52 percent) of medium-sized companies and 42 percent of micro and small enterprises currently use bank loans, according to a study carried out in Q2 this year by CBM Indicator in cooperation with the Warsaw Institute of Banking (WIB) and the Polish Bank Association (ZBP). At the end of 2017, banks in Poland granted loans to companies totaling over PLN 366 billion, of which over 56 percent - PLN 206.5 billion - were allocated to the SME segment. The majority of enterprises from both segments - 89 percent for medium-sized companies and 81 percent for micro and small enterprises - continue to prefer to use their own funds in financing their operations.