Polish Banks and SKOKs Issued More Loans in 2023 Than Ever Before

FINANCEPolish Banks and SKOKs Issued More Loans in 2023 Than Ever Before

In December 2023, in comparison to December 2022, in numerical terms banks and Credit Unions (SKOK) granted more of all types of credit products:

– Housing loans (+233.8%),
– Installment loans (+98.5%),
– Cash loans (+5.5%)
– and Credit Cards (+0.5%).

In terms of value, banks and SKOK issued a higher value also in all credit products:

– Housing loans (+319.3%),
– Installment loans (+39.8%),
– Cash loans (+12.9%)
– and credit limits on Credit Cards (+3.4%).

Throughout 2023, in numerical terms, banks and Credit Unions issued more installment loans (+84.9%), housing loans (+24.9%), issued more Credit Cards (+15.3%), and granted more cash loans (+7.3%). In value terms, banks and Credit Unions issued a (+40.5%) higher value of housing loans, a (26.7%) higher value of installment loans, a (+21.0%) higher value of credit limits on the credit card and a (+13.7%) higher value of cash loans.

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