Locked content Poland might boost FX-mortgage support at banks expense

Poland could increase benefits for FX-mortgage holders at the cost of higher premiums for banks, the chief of the Parliamentary commission Tadeusz Cymański said. According to him, the support for the poorest borrowers should be higher than currently planned PLN 72k to PLN 100-150k according to Cymań...

Locked content FX mortgage relief bill approved by the government

The government has approved the presidential bill aimed to help those with FX mortgages (mostly in Swiss Francs) and the appropriate parliamentary commission will continue working on it in late February or early March. “We positively assess the draft law, aimed at developing a mechanism for providin...

Locked content Moody’s: FX mortgage relief to trim banks profit by 16-38 percen...

Ratings agency Moody’s estimates that four banks, most affected by the planned FX mortgage relief law will see their pre-tax profits down between 16-38 percent. The lenders include Millennium, BGZ BNP Paribas, mBank, and PKO BP. Moody’s estimated the cost on the annualized H1 results. “The pro...

Locked content FX mortgage bill neutral for banks’ ratings – Fitch

Presidential draft bill on FX mortgage conversion shouldn’t have much impact on Polish banks and is seen as rating’s neutral according to rating agency Fitch. “Losses at Polish banks under the latest plans to reduce exposure to foreign-currency mortgages should have little impact on ratings for most...

Locked content Duda submits new bill on FX mortgages

President Andrzej Duda submitted his version of the bill aimed to help those with FX mortgages (mostly in Swiss Francs). It proposes to expand the current fund set up to support those with problems in paying off their mortgages and setting up a new one for restructuring FX mortgages. Establishing th...