Polish banks expect to slightly loosen lending criteria
May 6, 2014
Polish banks expect to slightly loosen lending criteria for consumer and mortgage loans, also criteria for short-term corporate loans will likely be loosened, a survey on the credit market situation carried out by the central bank NBP shows.
In corporate banking, banks expect to loosens criteria for short term loans, particularly for small and medium firms, with criteria for long-term loans remaining largely intact.
Banks expect increase in demand for all types of corporate loans but in particular for long-term lending.
In household loans, the banks expect "significant increase of demand" and will "slightly loosen" their lending policy for both consumer and mortgage loans.
In Q1, most banks surveyed tightened criteria for long-term loans for large firms, also criteria for mortgage loans were tightened, mostly on account of new regulation (Recommendation S).
In consumer loans, criteria were loosened in Q1.