Narodowy Bank Polski

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Bank Lending Survey

Date: 15-02-2012

NBP Report: Towards the end of 2011, the banks were tightening their lending policies for small and medium-sized enterprises and in the segment of housing loans.

Information on the subsequent quarterly “Senior Loan Officer Opinion Survey on Bank Lending Practices and Credit Conditions” was released by the National Bank of Poland on 15 February 2012. The survey discusses developments on the credit market in the fourth quarter of 2011and expectations of changes in bank lending policies for the first quarter of 2012. The responses of the banks to the survey questions were compiled at the turn of December 2011 and January 2012 from 29 banks with a share of 82% in the loan portfolio of the Polish banking sector.

The banks are asked in the NBP survey whether and to what extent they have revised the standards of granting loans (the standards are defined as the minimum standards of creditworthiness) and the terms on which money is lent (including the spreads charged on loans).

The latest survey shows that in the fourth quarter of 2011 the banks were tightening their lending policies towards small and medium-sized enterprises and in the segment of housing loans. The tightening of lending policy was accompanied by increases in spreads for the first time in a few quarters. In the case of housing loans, other terms of granting loans, in particular with regard to the LTV and collateral requirements, were also tightened. Lending policy was eased slightly for consumer loans.

When asked about their lending policy expectations for the first quarter of 2012, the majority of the banks reported that it would be tightened for all loan categories, in particular for small and medium-sized enterprises and housing loans. At the same time, the majority of the banks expect demand for housing loans to fall. Their expectations of a lower demand also apply to consumer loans and no significant changes are expected for corporate loans.

See a full “Senior Loan Officer Opinion Survey on Bank Lending Practices and Credit Conditions, 1st quarter 2012”

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