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2025-11-03 18:12:30
[Poland's Credit Market "Opens Up," Driven by Interest Rate Cuts and Increased Competition] ⑴ A quarterly survey released by the Polish central bank on Monday showed that banks in the country eased credit policies in the third quarter of 2025, driven by interest rate cuts and increased competition. ⑵ The survey covered 23 banks, whose receivables account for 89% of the banking sector's total receivables from businesses and households. The results showed that banks have eased conditions by reducing interest rate spreads and extending loan terms. ⑶ Although loan standards for large enterprises have not changed significantly, banks plan to further ease housing loan standards in the fourth quarter and expect both business and housing loan demand to grow. ⑷ The Polish central bank has cumulatively cut interest rates by 125 basis points to 4.5% by 2025, and lower-than-expected inflation data in October strengthened the possibility of another rate cut in November. ⑸ The Monetary Policy Committee's decisions and industry competition have jointly contributed to the easing of consumer loan conditions, resulting in a narrowing of loan interest rate spreads.
