USA-China Tensions Transform Global Market

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

Tag: BIK

Surge in Polish Rental Market Faces Rising Costs and Mounting Debt Issues

According to Eurostat, a mere 13% of Poles rent housing, a figure decidedly below the EU average of 31%. The limited possibilities of property...

Manipulation and Social Engineering Dominate Data Fraud in 2024: Key Insights from BIK’s Anti-Fraud Report

Manipulation and social engineering techniques with the use of artificial intelligence are the most popular methods of data fraud in 2024. Individuals who become...

Debts in the Automotive Industry Are Growing at Full Speed

The automotive industry in Poland is one of the driving forces of economic growth, accounting for approximately 8% of GDP. In the first half...

Housing Market Situation in Poland: Developers Assess Sales in Q3 2024

No Decision on Government Program, High Interest Rates, and Summer Vacation Impact Q3 2024 Housing Sales. The lack of decisions regarding government programs, persistently high...

Demand for Housing Loans Decreases, but the Value of Loan Applications Increases

The value of housing loan inquiries decreased by 16.9% year-on-year in September 2024, according to the BIK Mortgage Loan Demand Index. This figure indicates...

Who is Currently Buying Apartments in Poland? – Commentary on September Data

To gain a full picture of the current housing market situation, it’s essential to compare the latest data from BIK with data from the...

Polish Non-Bank Loan Market Sees Significant Growth in Both Purpose and Cash Loans in August 2024

The Polish non-bank loan market is divided into two main product segments: purpose loans and cash loans. In August 2024, purpose loans dominated in...

Young Poles increasingly choose work over studies – a new trend among graduates

Is higher education still valued? Not necessarily. The era of studies that do not lead to a specific profession is gradually becoming obsolete. As...

Decline in Indebted Farmers Recorded, but Experts Warn of an Incomplete Picture

At the end of June this year, entries concerning 1.5 thousand unreliable debtors from the categories of farming, animal breeding and hunting, including the...

The State of Residential Construction in Poland: Promising Numbers, Lingering Doubts

The latest statistics from Poland's Central Statistical Office (GUS) regarding residential construction incite mixed feelings. On the one hand, they indicate a significant increase...

Inflation, Rising Costs, and Payment Delays: The Biggest Challenges Facing MSMEs in 2024

Inflation, high costs of materials and energy, and sales decline have been the three biggest challenges for micro, small and medium enterprises (MSMEs) for...

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...

Housing Market in August: Kraków Sees Revival, Sales Drop in Other Cities, and Rising Prices Despite Increased Supply

Polish developers enjoyed a boom last August thanks to the government's "Safe Credit 2%" program. However, sales offices across the country have seen a...
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