Moody’s: Polish banking system with 'stable' outlook

The rating’s agency Moody’s kept the outlook of the Polish banking system as “stable.” According to the agency, strong economic growth will boost corporate and household spending. “Accelerating economic growth will create opportunities for banks, offsetting weak profitability and unpredictable government policies,” the agency said in its statement. Among the challenges, Moody’s lists FX mortgages, as the proposed new laws on debt relief might put some strain on banks expenses. “Despite a recent softening in the proposals with regards to foreign-currency mortgages, interventionist measures by the government in the banking system have been increasing,” Moody's explained.