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NBP: FX mortgage bill will be very costly

The National Bank of Poland calculates the cost of the Presidential foreign mortgage bill to be at least PLN 44 billion, Gazeta Wyborcza reports.

Poland to offer yuan denominated bonds

Poland’s Ministry of the State Treasury will meet world investors in the upcoming weeks in order to convince them that the recent downgrading by S&P agency was unfair. According to Puls Biznesu daily, Poland will offer them Chinese yuan denominated bonds (so called panda bonds)....

S&P downgrades Polish banking

Standard & Poor’s Ratings Services downgranded its opinion on the risk of the Polish banking sector to negative from stable. It also confirmed the following ratings of mBank and Pekao with a negative outlook (in the latter case – reduced from stable).

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