Mortgages may reach 10-year high: Polish bank association

Banks nationwide are on track to lend over PLN 50 billion (EUR 11.6 bn, USD 13.1 bn) in mortgages this year, the most in a decade, the Polish Bank Association (ZBP) has said.

“Results up to now in the mortgages segment indicate that banks will exceed 200,000 mortgage loans this year, worth more than PLN 50 billion,” said Jacek Furga, chairman of the association’s housing finance committee.

Furga added that such a figure had not been seen for ten years and would be the highest “since the eruption of the crisis on international financial markets.”

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