Polish authorities to help franc-debtors

Bronisław Komorowski is for supporting debtors having temporary issues regarding credit repayment, the press reported. Poland's president met with the president of NBP's Marek Belka to discuss forms of support for “franc-debtors.” Such support as temporary relief were on the table, the Secretary of State Olgierd Dziekoński informed. Debtors with mortgage loans denominated in other foreign currencies would benefit from the support as well, Dziekonski added. President Komorowski believes that lenders should take into consideration the negative interest rate while establishing installmentprice and do not force the debtors to buy additional insurance if the real estate's value is smaller than the credit value. In addition, the president backed The Polish Bank Association’s (ZBP) idea of reducing spreads. President Komorowski is to talk with Finance Minister, Mateusz Szczurek on this matter later this week. Around that time, Prime Minister Ewa Kopacz is to present “concrete proposals.” “If I have a choice to support lenders' interests and interests of the people, I will stand beside the people,” she said.