WARSAW: Demand for mortgage loans in the Polish banking sector slumped visibly in April year on year, while demand for consumer loans edged up by 0.4% y/y, Poland’s credit information bureau BIK said.
“After positive news from Q1 2015, in April we noted a breakdown both in terms of number and value of new applications for housing loans,” BIK wrote in its report. “This means there is no durable recovery on the housing loan market in sight, despite a favorable external situation.” As for consumer loans, BIK’s index pointed to 0.4% y/y growth.
The BIK index reflects a y/y change in the amount of loans concerning which banks and savings & loan institutions (SKOK) approach BIK with enquiries.
