KNF appeals to banking sector to reduce Swiss Franc loans
The issue is, however, that most of the institutions are already having problems with granting loans in Francs, as there are currently only two banks willing to finance 100 percent of the cost of the property through a loan denominated in francs. Just a few days earlier, this number stood at three.
The remaining banks have increased the required downpayment or have set such high margins that these credits turn out to be less attractive. "We want banks which do not practically plan on granting loans in francs to follow the steps of Lukas Bank. They should clearly inform the market about this and make no hopes to customers who unnecessarily submit credit applications," said Katarzyna Biela of KNF.
Source: Dziennik (A.K.)
The remaining banks have increased the required downpayment or have set such high margins that these credits turn out to be less attractive. "We want banks which do not practically plan on granting loans in francs to follow the steps of Lukas Bank. They should clearly inform the market about this and make no hopes to customers who unnecessarily submit credit applications," said Katarzyna Biela of KNF.
Source: Dziennik (A.K.)
