KNF will present effects of Franc mortgage bill in March

The Polish Financial Supervision Authority (KNF) is planning to release a report with the financial effects of the Swiss Franc mortgage bill in March, after it has processed all the data from the questionnaires it sent to banks in the industry, a KNF spokesperson announced on Tuesday. "We have sent questionnaires to the presidents of the banks which hold the largest amounts of foreign currency mortgages about the effects of the presidential bill," the spokesperson said. The bill was begun by the President in January, and was designed to help Polish citizens with Swiss Franc mortgages that are in financial trouble. The Chancellery of the President announced that a final version of the bill should be ready by the end of this year.