Polish banking sector stable - KNF head

The Polish banking sector is stable and solvent, with major challenges ahead including the FX loan conversion bill, financial market watchdog KNF President Marek Chrzanowski said during a public finance committee sitting. “The banking sector is liquid, stable and solvent,” Chrzanowski said. “The dividend policy approved in December is a continuation of actions aimed at increasing capital and building proper levels of capital adequacy,” he added. Still, the sector will face some challenges this year, including mostly the upcoming FX conversion bill, which details should be announced this month. “The optimal path for FX loans conversion is one where the banking sector, in a voluntary way and motivated by the institutions being part of macroprudential body KSF, takes up the necessary steps,” he said.