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The Warsaw Voice » Business » July 18, 2018
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SKOK's recovery
July 18, 2018   
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As many as 24 credit and savings unions SKOK plus their national apex bank Kasa Krajowa are undergoing recovery proceedings and two of them, SKOK Piast and SKOK Jaworzno, are run by administrators appointed by financial market watchdog KNF, daily Rzeczpospolita wrote.
The number of SKOKs run by KNF-appointed administrators may have decreased from seven over the last 18 months, but this is not an actual improvement as several ailing SKOKs went bust or were acquired by other financial institutions during this period.
The total number of SKOKs also dropped, to 34 from 51.
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