FinMin: Poland observes law regarding FX loan conversion

Izabela Leszczyna, a deputy finance minister, said that Poland is observing international law with regard to the FX mortgage loan conversion and there is a chance the Senate will restore the foreign currency denominated mortgage bill to its initial version to avoid potential lawsuits from banks. She also said that foreign banks voiced no protests to the initial version of the bill. On Tuesday, Reuters reported that some Polish lenders' foreign owners, including Commerzbank are planning to seek compensation for any losses caused by the bill on foreign currency denominated mortgages.