PZU won’t convert CHF-denomianted mortgages in case it buys banks

Andrzej Klesyk, the CEO at Poland’s largest insurer PZU, said that he “cannot imagine” the company would convert CHF-denominated mortgages if it buys some Polish lenders, as it means risk to the investor, the media reported. Klesyk refereed to the Polish financial watchdog KNF’s opinion, which stated that it will not approve any transaction of…

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