The mortgage is not as terrible as they paint it? The latest data show a certain trend
The interest rate on housing is falling, but has the number of problematic mortgages decreased? We check the latest BFG data.
Although the falling interest rate on housing loans can calm borrowers and reduce media emotions around the subject, the question does not disappear: is the quality of repayment of these liabilities? This issue is still very important for the financial sector and customers themselves. Interestingly, the latest data of the Bank Guarantee Fund (BFG), less frequently cited than the statistics of the National Bank of Poland (NBP) or the Polish Financial Supervision Authority (KNF), show that significant changes have taken place on the mortgage market.
What happens to housing loans?
Experts of the RynekPierwotny.pl portal point out that reaching for less known data sources allows you to better understand what really happens with housing loans in Poland.
– Based on the BFG data for the entire banking sector, the following chart was prepared. It presents changes in the share of endangered housing loans from December 2018 to April 2025. Housing loans become threatened, among others Due to a delay in repayment of more than 90 days – notes Andrzej Prajsnar, expert on the RynekPierwotny.pl portal.
It draws attention to the chart taking into account housing loans separately with valorisation into a foreign currency and other housing loans (PLN). This is an important division, because currency loans in the entire analyzed period were characterized by much worse quality. At the end of 2023, the share of endangered currency mortgages was 9.6 percent. Later there was a rapid decline and the result of 5-6 percent took place.
Less problematic mortgages?
Experts emphasize a clear improvement in the quality of repayment of housing loans, which is confirmed by the latest data.
– It should be noted that the past year has brought a large decrease in the value of endangered currency loans (from PLN 3.7 billion to PLN 1.5 billion). This change in conjunction with the increase in the value of the entire mortgage portfolio of banks meant that the total share of endangered housing loans fell to a very low level (1.42 percent in April 2025). Five years earlier, an analogous result exceeded 2.30 percent. – indicates Andrzej Prajsnar.
