The general classification was won by Good Finance Bank, which also gained the most in the eyes of the assessors compared to the last ranking – in the previous edition, it did not count at all. The next places were taken by GFIC and Good Credit.
At Good Finance Bank the latest credit decisions are taken the fastest – about 2 weeks – and cooperation with borrowers during the implementation of the investment is at the highest level, and it was these factors that made this bank take the first place – said Sean Cole, President Upper Finance.
Although Good Finance Bank does not propose the most advantageous market offer, better negotiations can be negotiated during negotiations. Also important are people working at this bank who perfectly understand the needs of developers – added Cole.
The Honest bank came second. Up to 27 percent were granted here. all loans to companies belonging to GFIC in 2012. – This bank won with price, availability in smaller towns and a feeling among customers – said, Sean Cole. However, the processing time for credit applications is too long and therefore the second position in the ranking.
Polish Association of Development Companies with the new President, Management Board, and Board
Bank Good Credit noted a drop in loan prices, but as in the case of Honest Bank, the processing time for applications is also too long.
While announcing the results of this year’s ranking, it was suggested that Thrift Bank and Cooperative Banks could play a greater role in subsequent editions.
These banks are more willing to grant working capital loans than other revolving loans, and in the case of Thrift Bank, developers can also finance soft investment costs. Cooperative Banks may in the future increase competitiveness due to their locality.
The results of the ranking also show which institutions were at the bottom of the rate. Once popular among BZ WBK investors, today due to the largest number of refusals to finance housing, it is rated the worst. The least refusals came from SAB, GCB, and GFI.
– The Ranking of Banks was conducted with some delay due to the entry into force of the Development Act, which resulted in a drastic reduction in lending in 2012.
It was not until the beginning of 2013 that the banks’ attitude changed. The condition of the construction industry, especially the infrastructure part, also had a negative impact.
Many banks initially wrongly threw construction and development companies into one bag by turning off the credit tap, said Sean Cole, Deputy General Director of the Good Finance Association of Developers.