Mortgage housing loans in the hole: In February 2025. Banks granted by 31.9 percent less housing loans Compared to February 2024 and 8.1 percent compared to January this year. “Valuators” the situation is the same – a decrease by 32.0 percent. year on year and 9.9 percent compared to the previous month – emphasizes the office Information Credit.
What's going on? Despite such data, dr hab. Waldemar Rogowski, the main analyst of the BIK group, believes that “sales of mortgage loans look surprisingly good.” Why such a rating? The expert explains that these are the results “Without the support program, the value of credit shares“He adds that in February it amounted to PLN 6.24 billion” and does not significantly differ from the values seen in the second half of 2024. ”
“Readings indicate large declines”: The analyst estimates that “R/y readings indicate large declines, but it must be remembered that there was still in credit in February last year PLN 4.9 billion of loans from the pool of the Safe Credit program 2 percentderived from conclusions submitted in 2023 ” – when the credit action of February last year is corrected by this value, the dynamics of r/y would be as much as +46.2 percent – he adds.
Increase only in cash loans: In February this year. Average housing loan amount amounted to 417.21 thousand PLN and was 0.14 percent Lower than a year ago, which, according to BIK, “shows following the current price situation on the housing market”. Compared to February last year, Banks and SKOK have so far noted an increase in cash loanswho granted more by 22.5 percent and higher value by 33.4 percent
Congress of installment loans: In February 2025, 29.3 percent were also awarded. less installment loans and for a lower amount by 11.3 percent. By 9.9 percent The number of credit cards issued also dropped, although their value increased slightly by 0.4 percent. According to the BIK analyst You can see the continuation of declines from previous months of both their number and the value of y/y. installment loans. – This is the result of a smaller scale of transactions into low amounts, mainly from the transformation of unpaid liabilities with a deferred payment date bought by several banks – explains Waldemar Rogowski and adds that the situation “the drop in retail sales in February y/ro 0.5 percent was directly influenced by the situation”.
See also: Poland leader. More in the text “It has happened! Loans in Poland the most expensive in the EU. We owe the leader to Hungary”.
Source: Bike