Poland: PKO BP to Sell Parts of Consumer Loan Portfolio

PKO BP expects consumer loans to remain at the level of the fourth quarter last year. / Picture: © Monika Kostera

This was announced by CEO of PKO PB, Jacek Oblekowski, to Polish news agency PAP. "We expect that in 2014 the average quarterly sales of consumer loans will amount to PLN 2.3 ‑ 2.5 billion, i.e. at the level of the last quarter of 2013," Oblekowski said. The biggest lender in Poland "maintains a good quality of the consumer loan portfolio and the average value of a loan is growing gradually and currently amounts to PLN 11,000-12,000," he added.

As of the end of last year, the bank’s retail and private banking loan portfolio came at PLN 20.8bn.