Polish Bank Association: FX mortgages spreads will cost up to PLN 14 bln
16:56
The cost of returning spreads on FX mortgages for Polish banks may stand at PLN 7.7 - 14 billion, the Polish Bank Association (ZBP) announced on Thursday.
"In the assessment of banks, the actual cost of implementing the bill in the form presented by the President is much higher than the amounts presented by the President's chancellery: the banking sector estimates that the cost will surpass PLN 10 billion," ZBP said in an opinion sent to parliament.
The cost of spread return was calculated based on the historical value of collected spreads: at PLN 7.7 billion for 6 percent spread, PLN 10.9 billion for 8 percent spread and over PLN 14 billion for 10 percent spread. The above sums also include interest to be paid to clients.
