PKO and mBank to withhold dividends payout?

Commercial lenders PKO BP and mBank have received a recommendation from the financial watchdog KNF to withhold from paying dividends for the last year. It is said that the action is aimed at pressurizing banks to convert the CHF-denominated mortgage loans to the złoty. The KNF had earlier informed that it plans to send out the suggestion to banks which eagerly granted CHF denominated mortgage loans asking them not to pay dividends for 2014. According to Maciej Krzysztoszek from the KNF the recommendation should not be seen as a form of punishment, but rather as a way of increasing the sustainability of the banks.