a loan database and information for management support) for housing loans

which will be linked to BISE's overall accounting software. The program is not

ready yet.

!

Mortgage Fund   Fundusz Hipoteczny.

  All data from applications (with

attachments) are stored in electronic form. A special monitoring computer

program (MINISAK) had been prepared for the Mortgage Fund (BudBank with

all participating banks) but has never been fully implemented. No analyses were

made of the current portfolio, marketing environment etc.

In summary, the majority of banks in Poland engaged in real estate lending collect

a reasonably extensive set of data describing loan and borrower characteristics.  However,

in most cases, the data are not yet computerized.  As might be expected, only those

lenders with relatively large portfolios have computerized much of the information (PKO

BP, PamBank, and BISE).  In addition, the portion of the data that are computerized relate

primarily to information needed by the accounting and monitoring functions, rather than

borrower or project characteristics.  Since real estate finance is a fairly new activity in

Poland, this is not surprising.  In the future, however, PBA might encourage the banks to

computerize more of the information that would facilitate analyses of loan behavior over

time and borrower characteristics.  Even is this were done on a sample basis, it would be

useful to the banks in their future underwriting and servicing decisions, as well as serve

as the basis for an industry wide analysis of trends in Poland.

III 3