DETERMINANTS OF THE DEVELOPMENT OF THE NON-BANK LOANS MARKET IN POLAND - ECONOMIC, REGULATING, TECHNOLOGICAL AND SOCIOLOGICAL PERSPECTIVE

Based on secondary and primary research, the determinants of the development of the non-bank loan market in Poland were characterized from an economic and sociological perspective. These determinants influence the change of the lending institution model, taking into account the average loan amount, distribution channel and final buyer profile. From 2015, the loan sector, which was initially completely unregulated by the legal system, is currently legally regulated by provisions that significantly restrict usury practices initially used, and is also supervised by the Polish Financial Supervision Authority, which has kept a public register of loan institutions since 2017. Clients taking out non-bank loans are cascaded excluded, and their loan debt is usually due to economic constraint. The announced tightening of anti-usury laws may lead to the complete disappearance of this sector, which means that its current customers will be forced to take advantage of the loan offer in the gray area (loan underground), where no legal regulations or rules apply.