Government Shifts Focus to Borrower Support Fund Over Credit Holidays

Deputy Minister of Finance, Jurand Drop, announced at the Banking Forum that the government aims to transition away from credit holidays as a primary support mechanism for borrowers. Instead, they emphasize the importance of the Borrower Support Fund for long-term assistance in challenging financial situations. Drop expressed optimism that stable loan repayments will negate the need for credit holidays, indicating the government's commitment to financial stability.

The proposed draft laws for 2024 include provisions for temporary installment suspensions, aiming to alleviate immediate financial burdens. Additionally, efforts to address legal risks, particularly related to foreign currency housing loans, remain a priority to ensure the stability of the banking sector. Banks are actively managing these risks through settlements and reserves, minimizing potential threats to their operations.

Source: bankier.pl