Polish banks have accepted over 1 million applications for loan holidays

By the end of July, Polish banks approved over 1 million applications for deferment of loan repayments. About 115,000 of them were made by entrepreneurs, the rest mainly by individual clients.

“A few weeks ago, we had a peak in applying for credit holidays. We call it the credit moratorium. Currently, we have two types: statutory and non-statutory. The latter was implemented by banks on March 16,” Krzysztof Pietraszkiewicz, the President of Polish Banks Association (ZBP) pointed out.