Now Available: Consumer Credit in Poland
Consumer credit experienced growth in Poland in 2012, with outstanding balance rising by 10%. However, it should be noted that this performance comes from shadow banking institutions, while outstanding balance of consumer credit in banks was declining, according to the National Bank of Poland. This was a result of tightening conditions of issuing loans imposed by the Polish Financial Supervision Authority. Banks were forced to control lending risks efficiently in order to improve the quality of...
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