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Lenders hatch cautious consumer credit plans

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As economic uncertainty lingers, lending banks are vying for a slice of the retail market and, along with credit brokers, are honing their risk management skills. Nicholas Spiro reports from Warsaw.

After its sharpest downturn in a decade, Poland’s economy is coming back to life. Domestic demand rose by 2.3% year on year in the first quarter of 2003, the highest rate since early 2000. Retail sales in May were up 9.3%, following a 10.7% increase in April, while a monthly survey by the Ipsos agency revealed a sharp rise in consumer confidence in June.

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