Banks cut interest rates on consumer loans in December
February 3, 2014
Polish banks cut interest rates on new consumer loans in December, while increasing rates on SME and corporate loans, data from the central bank NBP showed.
Interest rates on new consumer loans declined 0.3 ppt to 13.1%, while on mortgage loans they went up by 0.1 ppt to 5.2%.
Interest rates on new corporate volumes were up 0.1 ppt to 4.4%, also loans for small businesses were up, by a 0.4 ppt.
The average of new loan interest rates is down 0.8 ppt for the month to 6.3%, the data show.