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Poland: Push for lender competition sparks new loan demand

 |  November 4, 2013

Poland’s financial regulators are reportedly succeeding in efforts to boost competition within the lending sector as demand for loans is expected to rise in the fourth quarter, according to a press release.

The new policies, along with relaxed credit checks, are leading to high demands for both corporate and private lending; the central bank released a study of the findings Monday.

According to the survey, 54 percent of respondents said lower interest rates drive demand. The interest rates were cut by the central bank to an all time low of 2.5 percent in November of last year, the press release said.

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