A temporary suspension of mortgage payments by borrowers who are strapped for cash due to rising interest rates may cost the banking sector up to PLN 20 billion (EUR 4.34 billion), the National Bank of Poland (NBP) has said.
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.
Legal risks coming from FX mortgages remain the main source of uncertainty for the Polish financial sector, wrote Poland’s central bank (NBP) in its latest Financial Stability Report.
PKO BP, Poland’s largest lender, posted a net profit of EUR 805 million after three quarters, a 77.3-percent increase year on year.
The total value of mortgages granted in April 2021 has reached a record-high level at least since December 2014, when the central bank started to publish its statistical data.
The total value of mortgages and consumer loans granted in March 2021 increased month on month, Poland's central bank has reported.
The total value of mortgages and consumer loans granted in January 2021 decreased month on month, Poland's central bank has reported.
The total value of mortgages granted in December 2020 PLN stood at 5.3 billion (EUR 1.2 billion), up from PLN 4.8 BLN (EUR 1.3 billion) in November, the BIK Credit Information Bureau announced on Tuesday.
The total value of mortgages granted in December 2020 increased month on month while the total value of consumer loans fell, Poland's central bank has reported.
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