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The Warsaw Voice » Business » October 11, 2017
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New regulation hits FX loans lenders
October 11, 2017   
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The Polish government could set the rate for the quarterly contributions from banks to the new FX borrowers relief fund at 0.2% of FX-loan book, well below the 0.5% cap first put into legislation, the daily Parkiet writes citing unofficial information.
That would put the total annual cost to the sector at PLN 1.1 billion assuming FX mortgage loan book value at PLN 140 billion.
The reduction of the rate is to be introduced on concerns over the condition of banks with large FX loan books, worse capital position and lower earning capability such as Getin Noble, BOS or BGZ BNP Paribas, the paper claims.
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