Polish banks sold mortgage loans worth PLN 8.84 billion in Q4, down by 11.8% quarter on quarter and 18% year on year, putting FY mortgage sales at PLN 39.1 billion, down by 20.5% from 2011, a report by market monitor AMRON and banking lobby ZBP shows.

The number of loans granted dropped to 47,500 from 50,700 in Q3 and 51,800 in the year-prior period, the report shows.

Of the loans granted, 15,800 were issued in the frame of government subsidy program 'Rodzina na Swoim', which expired at the end of 2012.