Value of consumer credits up in January

The value of consumer credits increased by 0.4 percent in January month-on-month, the National Bank of Poland (NBP) announced Monday. The value of such credits denominated in PLN declined by 0.1 percent m/m, i.e. by PLN 192.0 million, while the value of consumer credits denominated in foreign currencies grew by 10.7 percent m/m, or by PLN 730.9 million. The NBP has also informed that the value of mortgage loans taken by households rose by 4.9 percent in January m/m, or by PLN 17.86 billion. The value of such credits denominated in PLN grew by 0.7 percent m/m, i.e. by PLN 1.30 billion, while the value of mortgage loans denominated in foreign currencies grew by 10.1 percent m/m, or by PLN 16.55 billion.