We use cookies to make sure our website better meets your expectations.
You can adjust your web browser's settings to stop accepting cookies. For further information, read our cookie policy.
IN Warsaw
Exchange Rates
Warsaw Stock Exchange - Indices
The Warsaw Voice » Business » September 25, 2017
You have to be logged in to use the ReadSpeaker utility and listen to a text. It's free-of-charge. Just log in to the site or register if you are not registered user yet.
Banks against helping credit unions
September 25, 2017   
Article's tools:

Jerzy Banka
Polish banks are protesting against financing insolvent credit unions (SKOK) through their premiums to the Banking Guarantee Fund, the daily Gazeta Wyborcza reports. They want to at least be able to deduct the premiums from taxable income, bankers' union ZBP postulates.
The SKOK sector should take responsibility for bad management and if it runs out of money to pay out client deposits, it could resort to loans from the central bank NBP, ZBP deputy head Jerzy Banka told the daily.
Bankers are also calling for a more effective restructuring of credit unions. So far, eleven SKOKs have been declared bankrupt and seven have been taken over by banks.
© The Warsaw Voice 2010-2018
E-mail Marketing Powered by SARE