Pandemic may strongly upset financial condition of banks: expert

Interest rate cuts and an increase in risk costs will have an impact on the financial condition of banks, which have tightened credit terms at the beginning of the year. And although they expect a large drop in demand in the coming months, especially for long-term loans for SMEs, housing and consumer goods, they do not intend to ease these criteria. The NBP indicates that the scale of this tightening will be significant, which may affect the entire economy.