95 % of loans in foreign currency to profit from spread returns

As many as 95 percent of loans taken in a foreign currency between July 2000 and August 2011 are within the limits of no more than PLN 350,000 per person, thus will be covered by the spread return depicted in the presidential act known as the "Swiss Franc Law". During those eleven years banks have granted loans amounting to PLN 184.15 billion, with their former value of PLN 147.24 billion. Such increase of 25 percent, and therefore rise of loan installments has sparked massive anger among Poles. The new law has been a election promise of the now ruling Law and Justice (PiS) party. Representatives of the office of the President has announced  submitting  the law on Tuesday. The total cost is said to be between PLN 3.6-4 billion.