Bloomberg News

Polish Lenders Must Boost Companies, Central Banker Tells Gazeta

March 03, 2012

Poland’s commercial banks should increase loans to companies to stimulate the economy instead of focusing on consumer and mortgage lending, Dobieslaw Tymoczka, director of the central bank’s financial stability department, told newspaper Gazeta Wyborcza.

Polish banks lent companies 240 billion zloty ($77 billion) as of the end of 2011, compared with 524 billion zloty in credits to households, the lowest ratio of corporate loans to total borrowing in Europe, Tymoczka was cited as saying.

To contact the reporter on this story: Wojciech Moskwa in Warsaw wmoskwa@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net


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