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Credit boom in Poland continues

Polish Banks have agreed to issue 99,000 home loans, amounting to around €3.3bn, between January and May 2006.

This represents a 46% increases on the amount lent during the same period last year, according to the Polish Banking Association, Zwiazek Banków Polskich. The average value of a mortgage in May 2006 was close to €35,739, while in 2002 the figure stood at €15,301.

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