Senate changes act on FX mortgage loans

Poland's upper chamber of parliament has decided to restore the initial version of the bill on foreign currency mortgage loans conversion, which stipulates that the cost of such conversion would be split equally between banks and borrowers. Earlier, the lower chamber of  parliament had adopted the bill, which put the burden mostly on banks, who were responsible for covering 90 percent of the cost. Now the bill goes back to the lower house where it will be further discussed by the finance panel. Head of the panel told Reuters on Friday that it may take a long time before the bill becomes law.