21 lenders take negative LIBOR into account - UOKiK

Polish franc-borrowers now have the opportunity to check if their lenders account for negative LIBOR rates while dealing with their mortgages and what options they offer borrowers unable to cope with higher mortgage payments due to the recent CHF appreciation. The Office of Competition and Consumer Protection has just released a list of 22 Polish lenders, available on its website: uokik.gov.pl. As many as 21 of them take negative LIBOR rates into consideration when calculating interest on franc-denominated loans. "The data will be updated regularly based on information provided by the lenders," the office informed.