Expert team to prepare changes to the CHF loans draft bill

Experts will solve the problem of people with loans denominated in and indexed to foreign currencies. They will also analyze the data and opinions concerning the bill provided by the financial market watchdog KNF in March. The key objective of the bill is to alleviate the "negative and unpredictable - at the time of taking the loan - effects of high increase in FX rates," as well as to ensure Poland's financial safety after the implementation of the bill. Earlier, on January 15, Poland’s president, Andrzej Duda presented a draft legislation to convert existing mortgages denominated in Swiss francs into Polish zlotys to help borrowers saddled with bloating debt.