USA-China Tensions Transform Global Market

After the U.S. elections, relations between the...

Tag: BIK

Christmas 2024 in Polish Homes: A Blend of Tradition and Financial Caution

Christmas 2024 in Polish homes will remain full of tradition but will largely be shaped by financial constraints. In the face of persistent high...

Cash Loans Lead Growth in 2024, While Mortgage Market Slows Down: BIK Report for November

In November 2024, compared to November 2023, banks and credit unions granted more cash loans (+15.6%) in numerical terms. However, they granted fewer mortgage...

2024 Housing Market Summary in Poland and Forecasts for 2025

The year 2024 in Poland’s housing market was marked by adjustments to new economic conditions. Data from Otodom Analytics shows that after the conclusion...

Demand for Home Loans in Poland Drops by 24% in November 2024

The value of home loan inquiries decreased by 24.0% year-on-year in November 2024, according to the BIK Index of Demand for Home Loans. This...

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 loans (+28.8%) and issued more credit cards (+15.7%). However, they...

Polish Firms’ Debt Hits 45 Billion PLN: Trade, Industry, and Construction Lead the Way

Financial arrears of Polish firms reached a record 45 billion PLN (over 10 billion euros) after the third quarter of this year. Financial problems...

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 in selected segments, declining demand for housing loans after the...

Polish Debt Hits Record 86.5 Billion PLN: Rising Living Costs Blamed by 60% of Debtors

Sixty percent of indebted Poles believe that if not for the rising cost of living, they would not have fallen behind on their financial...

Polish IT Sector Faces Rising Debt and Market Pressure Despite Growing Demand for Specialists

For years, the IT industry has been perceived as a stable sector, recording growth and offering good career prospects. As many as 51 percent...

On average, a bookstore closes in Poland every three days. The industry appeals for market regulating regulations

According to data from Dun & Bradstreet, cited by BIG Info Monitor, there were 2,200 bookstores operating in Poland at the end of 2023....

The supply of new apartments is growing. Prices are stagnant

In October, developers introduced more apartments to the market than they sold. In Łódź, Poznań, and cities of the Upper Silesian-Dąbrowa Metropolitan Area, the...

Housing Loan Demand Drops by 16.5% YoY in October 2024, but Month-to-Month Applications Rise

The value of inquiries for housing loans fell by 16.5% year-on-year in October 2024, according to the BIK Housing Loan Demand Index. The Index's...

Decline in the number and value of loans for micro-entrepreneurs in September 2024

In September 2024, compared to September 2023, banks granted fewer loans to micro-entrepreneurs, both in quantity (-13.7%) and value (-11.5%). In terms of number,...

Overview of Poland’s Non-Bank Loan Market

The Polish non-bank loan market is based on two main distinct, specific product segments. The first one are purpose loans, characterized by the low...
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