Poles with PLN 576 bln liabilities - report

As many as 15.3 million Poles had outstanding loans at end-2016, according to the latest report published by The Polish Bank Association (ZBP). The average value of the loan stood at PLN 38,000, and the total amount of Poles liabilities was PLN 576 billion. According to the report, 8.3 million Poles have consumer loans, with 7 million new such loans were taken last year. Additionally, 4.8 million Poles have a credit card, with over one million new cards were issued last year. At end-2016, 2.05 million Poles took housing loans. Only last year the banks gave over 178k mortgages. The value of consumer loans granted in 2016 amounts to PLN 78.5 billion, growing by 2 percent y/y, the value of mortgages granted last year was PLN 39.3 billion. The value of unpaid loans in 2016, amounted to PLN 28 billion. “Mortgages are being paid on time the most, with the number of outstanding loans in this segment from year to year systematically falling.