WARSAW: A survey on the credit market situation carried out by the central bank NBP showed the Polish banks expect to loosen lending criteria for consumer, housing and corporate loans in Q2 -2015 with demand for housing and retail loans expected to increase significantly.
In corporate loans, banks expect to continue loosening of lending policy in Q2, mainly for SME and to a lesser extend to large corporate clients. Demand is expected to rise with SMEs increasing demand mainly for short-term financing and corporations demanding more long-term financing.
In consumer loans banks expect demand to increase significantly as lending criteria will continue to loosen mainly due to increased competition. In mortgages, banks expect to slightly loosen criteria in Q2 after tightening them in Q1 mostly on account of regulatory changes. Those changes in criteria lead to decreased demand for mortgages, but here, too, the bank expect a reversal: demand is expected to rise “markedly.”
