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the PBA sent its proposals to all banks that provide loans in Swiss francs, and called for their adoption. However, they relate only to those living in leveraged real estate. Suggested measures would include:
1. Taking into account the negative LIBOR in calculating the amount of interest on housing loans,
2. A significant decrease in the next six months the spread rate, which has the effect of reducing the amount of loan installments,
3. Extending the customer’s request the repayment period or temporary suspension of repayment of principal installment so that its level was not higher or a little higher than before the release franc Swiss bank,
4. Resignation of new security demands and credit insurance to people in a timely repaying installments
5. Allowing commission-free currency exchange franc loan of gold at a rate equal to the average rate of the National Bank of Poland,
6. More flexible rules for restructuring the mortgage loans for real estate credited residents.
Recommended best practices
The proposed action banks make it easier for their customers to preserve financial stability by reducing the burden resulting from changes in the exchange rate. The PBA notes that some of the proposals is of unlimited duration and is treated as a recommended good practice, particularly in a period of uncertainty and volatility in the foreign exchange market. Part and can be regarded as an extraordinary action and when stabilize the market may not be necessary to their implementation.
Polish Bank Association advises that after last week’s release of the franc liabilities of Polish customers repaying loans in that currency increased by 30 billion zł , but about twice as many banks’ liabilities increased due to the financing of these loans.
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