Locked content Banking environment in Poland steady in 2016 – KNF

The situation of Polish banks during Q1 – Q3 remained stable, and there has been a strengthening of the capital base of banks, the Polish Financial Supervision Authority (KNF) – Poland’s official financial regulator, which supervises banks, capital markets and insurance institutions – said in a Poli...

NBP should take over financial sector supervision – KNF head

New KNF chairman Marek Chrzanowski believes that the best solution regarding supervision of the financial sector is to transfer this function to the central bank (NBP). In his opinion, the integration of the two institutions will require at least one or two years, so that appropriate regulations can...

Law on spreads would cost banks PLN 9.3 bln – KNF

The Polish Financial Supervision Authority (KNF) estimates that the total costs for banks of implementing the presidential draft law on spreads would be PLN 9.3 billion, the KNF informed in an opinion submitted to the Sejm.

Locked content KNF approves Getin Noble bond prospect for PLN 750 mln

The Polish Financial Supervision Authority (KNF) has approved the prospectus of Getin Noble Bank related to its public offering of bonds issued through a public program for issuing of subordinated bonds with a total nominal value up to PLN 750 million, the company announced. The bonds are being offe...

Locked content Presidential FX bill will generate significant costs: KNF

The presidential bill on FX spread returns aimed at helping CHF mortgage borrowers would “solve nothing,” but generate a “significant” cost to the banking system, stated Andrzej Jakubiak, the outgoing head of the Polish financial regulator KNF. “For several banks it could result in a loss,” Jakubiak...

Locked content Experts in Sejm examine problem of toxic loans in Poland

How to solve the problem of toxic loans in Poland and how to protect consumers in the financial market? This topic was discussed by experts on Friday during an international conference in the Sejm co-organized by the Stop Lawless Banking Association. Opening the conference on “Consumer Problems in t...

Locked content KNF approves Best prospectus on PLN 200 mln bond issue

The Polish Financial Supervision Authority (KNF) has approved Best’s basic prospectus on a bond issue worth PLN 200 million as part of a public bond issue program, the company stated. The group plans to make use of funds from the issue as a source of financing for further growth. “The approval...

Locked content KNF to present its opinion on FX mortgage relief

The financial market regulator KNF announced it will publish an opinion on the presidential bill on FX mortgage spreads return at the beginning of October 2016 at the latest. The draft bill was submitted to the lower house in Polish parliament, the Sejm, in August. The offer applies to both FX-denom...