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Poland's mortgage rates on the rise

Banks turn to more profitable consumer credit as demand for home loans falls
Tuesday, March 11, 2014 - 06:00

[WARSAW] Poland's slowest economic growth in four years is eroding demand for home loans, prompting banks to increase mortgage rates as lenders refocus on more profitable consumer credit. New home loans declined 7 per cent to 36.5 billion zloty (S$15.3 billion) last year, the least since 2005,

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