Great banks’ favours remain uncertain

Will banks be more willing to provide credit for real estate this year? This is something that remains to be discovered. The atmosphere is warmer, but we are unlikely to return to the hazy days of two years ago. Lending activity is still weak and money is more expensive – but there is no shortage of companies in need of itEmil Górecki The Polish government has had to “borrow” in order to close this year’s budget. The sale of PLN 60 bln of securities on the Polish market is planned in 2010. This will be bought by the financial sector, i.e. mostly by the banks. The relevant economic theory implies that the money spent on bonds will not be spent on credit. And a large amount of the latter goes to the real estate sector. Will government bonds now be in competition with developers and people interested in buying apartments in 2010? Fortunately, the Polish bankin