Trading of Getin Noble Bank and Millenium temporary suspended

On Thursday morning, the Getin Noble Bank (GNB) shares had sunk by over 25 percent,  Bank Millenium lost nearly 18 percent, consequently the trading was suspended for a few dozen of minutes, the media reported. The WIG20 index dropped by 1.7 percent. It may be the result of the franc-denominated loans restructuring law which Sejm passed yesterday. Leszek Czernecki, the major shareholder at the GNB could loose some PLN 400 million due to the decline. On a yearly basis, the lender's share price fell by around 70 percent, the media also informed. Other Polish lenders also suffered from the news. For instance, mBank lost over 11 percent and PKO BP almost 8.5 percent, in the early hours of trading on Thursday.