Poland to enjoy further growth in consumer loans after record H1
August 13, 2014
Polish banks and credit unions SKOK extended a record PLN 37.7 billion in consumer loans in H1, up from PLN 32.8 billion a year earlier, and the value should grow further in H2 2014, putting the FY figure to PLN 80 billion, credit bureau BIK chief economist Andrzej Topinski told PAP Polish news agency.
"I assume that in H2 the numbers will be higher, the value of extended consumer loans will be higher than in H1 2014," Topinski told PAP.
"I think that in the whole 2014, some PLN 80 billion of such loans will be granted," Topinski added. "That would make for a record-high year."