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Banks in Poland report $3.3 billion loss due to COVID-19 loan repayment holiday

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Banks in Poland report $3.3 billion loss due to COVID-19 loan repayment holiday
Source: Pixabay

Banks in Poland have reported a loss of PLN 13bn ($3.2bn) due to credit repayment holidays offered to borrowers during the Covid-19 pandemic, according to the vice-president of the Polish Banking Association (ZBP), Tadeusz Białek.

The holiday applied to 1.1 million loans in March…

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