Locked content President: I’m not backing out of FX loan conversion law

President Andrzej Duda said on Friday that he is not withdrawing from his obligation regarding the FX mortgage loan conversion bill and he believes that “the project will be ready soon.” “We have an opinion from the central bank NBP, we have an opinion from the financial watchdog K...

Locked content Expert team to prepare changes to the CHF loans draft bill

Poland’s Presidential Chancellery has established an expert team to prepare changes to the CHF loans draft bill. The proposal should be presented at the turn of May and June, the chancellery reported. Experts will solve the problem of people with loans denominated in and indexed to foreign cur...

Locked content FX mortgage loan conversion could be spread over years

Presidential spokesman Marek Magierowski said banks in Poland may be allowed to spread the cost of converting FX loan mortgages into PLN over several years. “The (president’s) chancellery is working to modify the conversion bill draft. Spreading the banks’ costs over years is one o...

Locked content Government asks KNF to provide a base for CHF conversion

“The government wants to adopt a law on loans in Swiss francs (CHF), but we still do not have all the information on the mortgage loans, and we hope that the Polish Financial Supervision Authority (KNF) will provide a base, which contains the costs of currency conversion,” said Henryk Ko...