Terms used in official statistics

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Bank credit


Under a credit agreement, a bank shall undertake to make available to the borrower a certain amount of funds for a period stipulated in the agreement, these funds to be utilised for a specified purpose, while the borrower shall undertake to apply these funds in accordance with the conditions laid down in the agreement, to repay the outstanding balance of the loan together with interest at specific repayment dates and to pay a fee on the loan extended.

Depending on the credit repayment date, we distinguish long-term bank credits, when the repayment is due later than one year, and short-term bank credits, when the repayment is due not later than one year.

High-level terms

Contact person on methodology:
Wojciech Bąbik