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 Moody’s: Polish banking system with ‘stable’ outlook

The rating’s agency Moody’s kept the outlook of the Polish banking system as “stable.” According to the agency, strong economic growth will boost corporate and household spending. “Accelerating economic growth will create opportunities for banks, offsetting weak profitability and unpredictable gover...
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Moody’s sharply raises Poland’s GDP forecast

Ratings agency Moody’s raised its economic growth forecast for Poland this year to 4.3 percent from the previous 3.2 percent, citing positive statistical data, adding that Warsaw should maintain the momentum throughout the year.

Locked content Presidential FX-mortgage bill credit negative – Moody’s

Presidential draft bill on FX mortgage conversions would be credit negative, according to credit agency Moody’s, but should not affect lending rates. “The bill is credit negative for Polish banks because it would reduce their profitability, which is already challenged by a tax introduced last year a...