Polish banks will lose over PLN 12 bn this quarter alone due to loan holidays

This quarter alone Polish banks have already booked billions of zlotys in losses due to the loan repayment holidays, and some of them will be able to stop paying bank tax legally. By law, it is not paid by banks that are subject to a recovery plan, which banks should implement if they no longer meet the capital requirements specified in the banking regulations.

Millennium Bank reported this risk and, at the same time, launched the recovery plan, explaining that due to the loan holidays, it…