PM: government will not finance franc-borrowers

People with CHF-denominated loans will not be provided with financial support from the state budget, Poland’s Prime Minister Ewa Kopacz said on Polish Radio. The government will however increase its efforts to fight bad practices of the Polish lenders towards their customers, Kopacz said. The Office of Competition and Consumer Protection (UOKiK) will be granted additional money (its budget is to be expanded by 10 percent) in order to conduct necessary inspections, the PM informed. The Prime Minister stated that Polish franc-borrowers will not receive any financial compensation from the government.