Creditors Support Fund to be born in January 2016

Creditors Support Fund (Fundusz Wsparcia Kredytobiorców) will be launched at the beginning of January next year by state-controlled BGK, its CEO Dariusz Kacprzyk told the media. Establishment of the fund is in line with the bill aiming to support thiose mortgage creditors whose financial situation is complicated. Experts claim that the institution will increase the level of the social responsibility of the banking. The fund is to be valued at PLN 600 million, it is to be financed by the lenders operating in Poland.