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The Warsaw Voice » Business » August 5, 2014
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Polish banks to loosen lending criteria - central bank report
August 5, 2014   
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Polish banks expect to loosen lending criteria for corporate and consumer loans, with significant demand increases expected in both categories, a survey on the credit market situation carried out by the central bank NBP shows.

In the corporate sector, the banks expect "a slight" loosening of lending criteria, amid continued strong increase in demand.

In Q2, criteria were loosened, particularly for SMEs, with margins reduced, and with demand growing, particularly from large firms. The loosening of criteria was attributed mostly to improving economic situation and improving financial situation of potential clients. Beside financing working capital needs, firms also sought financing for investment projects, NBP said.

Demand for consumer loans is expected to rise "significantly" and the lending criteria will be loosened. In Q2, criteria were loosened only slightly, with mixed but on average positive assessment of demand developments.

In mortgages, banks expect to continue moderate tightening of lending criteria amid growing demand. In Q2, demand was growing despite somewhat tighter criteria and higher margins.
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