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The Warsaw Voice » Business » September 25, 2017
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Banks against helping credit unions
September 25, 2017   
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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.
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