| NBP Announcements NBP data: Results of the bank lending policy survey NBP report: 15-11-2011 NBP data: The third quarter of 2011 saw a decline in demand for loans from households. Bank lenders expect this demand to decease also in this quarter. The latest report on the results of the quarterly “Senior loan officer opinion survey – on bank lending practices and credit conditions” was released by the National Bank of Poland on 15 November. The report discusses developments in credit conditions in the third quarter of 2011 and bank lenders’ expectations for the fourth quarter of the year. Bank lenders are asked by the NBP whether and to what extent they have revised their standards (which define the minimum standards of creditworthiness) of granting loans and the terms on which money is lent (including spreads). In the third quarter, demand for long-term loans from small and medium-sized enterprises (SMEs) as well as demand for loans to households decreased against expectations expressed by lenders in the previous edition of the survey. A rise in demand for long-term loans was only registered in the group of large companies. Falling demand was accompanied by a slight tightening in lending standards towards SMEs and towards people seeking mortgage loans; at the same time, banks continued to lower spreads and non-interest costs of loans to households. Bank lenders argue that trends present in the third quarter will continue at least until the end of the year. Demand for loans from households will continue to fall, and lending policy towards SMEs and that regarding housing loans will be tightened. See: the full report “Senior loan officer opinion survey – on bank lending practices and credit conditions (4th quarter 2011)”.
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