Belka to turn to KNF as reagards mortgages
13:23
"Despite the fact that the NBP is not a lender watchdog, if the lenders will not do in the interest of the stability of [Polish] financial system I will ask the KNF to strengthen the requirements regarding mortgages," said Marek Belka, the president of the National Bank of Poland (NBP). Belka referred to the situation of Polish franc-borrowers after the CHF depreciation.
Belka added that, the new requirements should harm Polish customers, "I mean some supervisory activities within the second pillar [a system of Polish private pension funds,OFEs]."
The head of the NBP claims that only debtors who need some support should be provided with it. The cost of any operations should not be born by public institutions. In his opinion, establishing a special fund for those borrowers who face issues with repaying their mortgages.
