Tuesday, December 3, 2024

Fewer Loans, Lower Values: October 2024 Highlights Decline in Micro-Enterprise Financing

In October 2024, compared to October 2023, banks granted fewer loans to micro-enterprises (-6.7%) and for a lower value (-13.5%). Loan Sales to Micro-Entrepreneurs by Credit Product In numerical terms, banks...

Changes in the Credit Market in Poland: What Did October 2024 Bring?

In October 2024, compared to October 2023, banks and credit unions granted more cash...

Polish Industrial Sector Debt Reaches 1.19 Billion PLN, Including 370 Million PLN in Unpaid Invoices

The furniture, electric battery, and vehicle and machinery parts manufacturing industries are all currently...

Decline in Swiss Franc Loan Cases: Nearly 55 thousand lawsuits filed in three quarters

In the first three quarters of the current year, the number of Swiss franc-related...

The Credit Situation in Poland in 2024: Stabilization or Turning Point?

The year 2024 has introduced substantial shifts in Poland's credit market. Easing credit policies...

Decrease in the Number of Indebted Poles, but Average Debt Continues to Rise in 2024

Data from three different registers indicate that by the end of the first half of this year, there were between over 2 million to...

Loan Growth in Poland: August 2024 Sees Increases Across Mortgage, Cash, and Installment Loans

In August 2024, compared to August 2023, banks and credit cooperative organizations (SKOKs) granted more loans in the three main categories: cash (+13.9%), installment...

First issuance of green bonds by Bank Millennium

Bank Millennium has concluded the subscription of its inaugural green bonds with a nominal value of 500 million euros. These bonds will be issued...

Polish Banking Sector Among the Most Innovative in Europe

Wachnicka (ZBP): We have something to brag about. The Polish banking sector stands out in Europe. Agnieszka Wachnicka, vice-president of the Association of Polish Banks...

PFR Ventures signed the first agreements with funds under the FENG program

PFR Ventures has signed the first four agreements with venture capital fund management teams under the European Funds for the Modern Economy (FENG) program....

Polish Women More Concerned About Divorce Costs: 59% of Those Planning Separation Check Expenses

According to recent market data, women are more interested in the costs of divorce than men. In the first half of last year, women...

Banks Ease Mortgage Terms as Average Credit Capacity Rises to 488 Thousand PLN Amid Anticipated Rate Cuts

Lack of specifics about a new state support program for property buying and anticipation of an interest rate cut have led banks to ease...

Most Polish Debtors Unabashed About Debt

Only 14% of companies admit that their debtors are greatly embarrassed when they transfer their debts to a debt collection agency for recovery. This...

Housing Loan Inquiries Drop by 25.2% in August 2024, While Average Loan Amount Rises

The value of inquiries for housing loans fell by 25.2% year on year in August 2024, reports the BIK Index of Demand for Housing...

In the first half of this year, courts have resolved nearly 36,000 Swiss franc cases

District courts are resolving an increasing number of 'frank' (Swiss franc) cases. The latest data shows that in the first half of this year,...

Decrease in Number of Debtors to ZUS Despite Rising Overall Debt

At the end of the first half of 2024, 622,300 active payers were in debt to the Social Insurance Institution (ZUS), representing a decrease...

Almost Half of Poles Have Savings to Last 6 Months in Case of Income Loss, Study Reveals

Almost half of Poles estimate that in the event of losing their main source of income, their accumulated funds would last them at least...

Record Increase in Non-Bank Loans in July 2024

PLN 1.883 billion - Record value of non-bank loans in July 2024 Increase by 74.9% - Dynamics of the non-bank loan market in...

Rising Prices in Stores: Inflation May Reach 10% in 2025, Experts Warn

Prices in stores will continue to rise. The worst period awaits Poles next year. Inflation could reach up to 10%. The dynamic of price increases...

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