Polish banks look set to tighten the lending criteria for all types of loans in the second quarter, according to a central bank survey of the heads of banks’ loan committees.
The government has approved a new housing scheme offering first-time buyers loans with 2 percent interest, the prime minister said on Tuesday.
Most FX loans were denominated to CHF when the Polish national currency was strong, but later on the Swiss franc appreciated rapidly, leaving the customers with extensive debt to pay off.
The development and technology minister said on Friday that Poland wants to introduce housing loans with a fixed 2 percent interest rate for a period of 10 years, with the actual interest rate difference covered by the state.
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Poland's state budget has already financed 95 percent of its borrowing needs for this year, the Ministry of Finance has reported.
The Polish government, on Tuesday, adopted a new support scheme for mortgage loan holders, the government reported on its website.
The total value of mortgage loans provided by Polish banks in 2021 reached a record of PLN 85.76 billion (EUR 18.31 billion), a property researcher has reported.
The loan is the biggest EIB investment in onshore wind farms in Poland that will be constructed and operated by EDP Renewables (EDPR).