KNF expels Russians from the Polish financial sector
21:16
The Polish Financial Supervision Authority (KNF) adopted a resolution "on circumstances significant for the assessment of the warranty in matters related to the financial market in connection with the aggression of the Russian Federation towards Ukraine.” The KNF announced that any links between the licensed entity, its significant shareholders, and managing persons with Russia and Belarus "in the form of origin (citizenship) from these countries, focusing their social, professional or business activity in these countries or close personal or business ties with concentrating entities there their activity ", the supervision will treat as" a significant doubt "in the licensing or authorization process. The Jacek Jastrzębski, chairman of KNF, stated quite unequivocally that "there is a high probability" that the warranty condition will be considered as not fulfilled.
The only entity on the Polish financial market for which the KNF resolution could have serious consequences is Vivus Finance, one of the largest loan companies in the country. Until Wednesday, it belonged indirectly to the Russian oligarch Oleg Boyko. However, Vivus was bought by managers who convinced the headquarters that this was the only way to sell the Polish company before it was covered by the Polish sanctions law.
There is no entity in the Polish banking sector that would fulfill the broadly defined network of connections with Russia or Belarus. It is worth recalling that in 2013-14, representatives of Sberbank were stalking Alior, which was then controlled by the Carlo Tassara fund. Efforts to take over the bank were stopped at an early stage.
