Polish banks finding it hard to access financing
This mostly concerns Swiss francs, used for granting the foreign currency loans, however, banks have to buy them abroad to be able to lend them.
Meanwhile, the financial crisis resulted with Western banks being reluctant to make any transactions with foreign financial institutions, including Polish ones. Even if they agree to such operations, than the interest on such loans granted to Polish institutions is higher than the official interest rates.
Banks in favorable situation include those either having long-term foreign financing agreements or borrowing from their strategic investors.
According to sources, this results with a falling number of loans denominated in foreign currencies, but officially banks deny these rumors.
Source: Parkiet
Meanwhile, the financial crisis resulted with Western banks being reluctant to make any transactions with foreign financial institutions, including Polish ones. Even if they agree to such operations, than the interest on such loans granted to Polish institutions is higher than the official interest rates.
Banks in favorable situation include those either having long-term foreign financing agreements or borrowing from their strategic investors.
According to sources, this results with a falling number of loans denominated in foreign currencies, but officially banks deny these rumors.
Source: Parkiet
