The value of consumer credits grew in July

The value of consumer credits grew by 0.7 percent in July month-on-month, the National Bank of Poland (NBP) announced. The value of such credits denominated in PLN declined by 0.7 percent m/m, i.e. by PLN 1.01 billion, while the value of consumer credits denominated in foreign currencies fell by 3.44 percent m/m, or by PLN 294.4 million. NBP has also informed that the value of mortgage loans taken by households fell by 0.74 percent in July m/m, or by PLN 2.836 billion. The value of such credits denominated in PLN grew by 1.12 percent m/m, i.e. by PLN 2.33 billion, while the value of mortgage loans denominated in foreign currencies fell by 2.95 percent m/m, or by PLN 5.176 billion.