Poland's mortgage lending remains strong, with banks and credit unions signing over 216 thousand agreements worth PLN 102.45 bln from January through August. In August alone, mortgage value rose 51% y/y to PLN 13.54 bln, and the number of loans grew over 41%. The average mortgage hit a record PLN 489 thousand, and refinancing now accounts for nearly a third of new lending. BIK analyst Waldemar Rogowski expects annual growth rates to slow gradually because of a high 2025 base.
Installment loans rose 22% to PLN 2.48 bln, though the average amount fell over 16%. Cash loans averaged PLN 27,560, up 8.8%, with debt consolidation making up nearly 60% of their value.
(pb.pl)