Sales of consumer loans to reach PLN 75 billion in 2020
15:00
Credit Information Office (BIK) forecasts sales of consumer loans worth PLN 75 billion and above PLN 70 billion in housing loans this year, the Office said. In 2019, banks granted housing loans in the amount of PLN 65.02 billion and – together with credit unions – PLN 88.66 billion in consumer loans, BIK reported.
"Although 2019 was characterized by a high GDP growth accompanied by a rise in wages and still low record interest rates, it was also, especially in its second half, marked by the risk of an impending economic slowdown,” the report states.
The year 2019 was also distinguished by a very high dynamics of sales of housing loans and credit cards, and also by the fact that it was in 2019 that the CJEU issued two judgments that are significant for both the consumer and housing loans market.
(ISBnews)
