Commerzbank: Poland's FX mortgage bill harms Polish and EU law

Commerzbank which controls mBank said that passing a bill on the conversion of foreign exchange-denominated mortgages into złoty would infringe the Polish constitution and the EU law, Reuters reported. have "very negative" consequences for mBank and the entire Polish banking system. * Commerzbank's letter was published by the Polish Senate on Tuesday. * The lower house of parliament passed a draft law this month that would allow Swiss franc mortgage holders to convert their loans to zlotys mostly at lenders' cost. The bill will now be voted on by the Senate and return to the lower house.