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BNP Paribas assigns PLN 1 bln to CHF mortgage reserves

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BNP Paribas assigns PLN 1 bln to CHF mortgage reserves
Source: Pixabay

BNP Paribas Bank Polska expects a legal risk reserve for CHF-denominated housing loans in Q4 2023 to be around PLN 1.019 billion, anticipating a net loss for the period. The increase in the reserve is attributed to updated estimates related to new lawsuits, agreements converting CHF loans to PLN, and adjustments…

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