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Another PLN 10 bln in losses at banks due to credit vacations

16:49

Another PLN 10 bln in losses at banks due to credit vacations
Source: Photo by V on Unsplash

Credit vacations will cut banks' profits by another PLN 10 billion, making it the third consecutive very weak year. And according to the Credit Information Bureau, 2023 will be even worse.

In the third quarter, the total cost of credit vacations for banks was calculated at PLN 18.5 billion.

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