Poland's central bank warns of bad debt increase

POLAND - The National Bank of Poland (NBP) has published calculations indicating a 21 percent increase in the level of bad debts on loans granted by banks to corporate clients.

According to NBP estimates, Polish News Bulletin reports, bad debts increased at the end of the second quarter to ZL41.4bn, with ZL30bn accounted for by corporate customers. This means that 24.4 percent of loans granted to businesses are classified as doubtful.

However, the NBP reassures that this level of credit risk is