“From the Office of the President and the President’s personally very carefully analyze what is happening at the moment in the credit market, in particular mortgage loans in connection with the high Swiss franc exchange rate, “- said the presidential minister.
According Dziekoński, the situation is unstable, because it is not known what the consequences will be finally floating exchange rate of the franc. “It seems that at present there is a certain risk for many Poles who are facing repayment installments higher than before the loan taken out in francs” – he added.
Presidential Minister expressed the hope that both the Financial Stability Committee, as well as banks propose rational, within the limits of the law solutions. Today The Committee shall meet on the franc.
Dziekoński indicated that it is important that banks approached to their customers very individually and carefully, giving hope for a long-term relationship with them because – as noted – is the essence of mortgage loans.
According to President of the Minister, to consider is what is within the law, that is, that the banks take into account the decrease in LIBOR for the Swiss franc, the negative interest rates when pricing a loan. He emphasized that it would be economically viable, “a possible increase in payments due (…) with the franc at this point would be offset by lower interest rates.”
“It is probably the issue on the part of banks to take into account,” – noted presidential minister.
When asked whether the state should in some way help frankowiczów, said that the current situation is a phenomenon outside and do not know what will be the franc stabilized in the long term. “Let us remember, too, that it would be worthwhile to take into consideration the banks, (…) that the repayment installments was not directly calculated in relation to the current value of the franc, but in order to, for example, was calculated at the rate of last year, at least for the period of time, when we have a clear and clear situation about the situation franc. Furthermore, such a declaration by the Polish Bank Association has also already fell, “- said Dziekoński.
stressed that any action must take into account the possible legal and economic consequences. “Therefore, it seems that today must appeal to the banks is that on the one hand, treat customers as long-term partners, on the other hand – to refrain from using overly restrictive measures in a sense, the current situation in the foreign exchange market” – he said.
Swiss central bank (SNB) unexpectedly announced Thursday morning that it ceases to defend its currency and releases the Swiss franc . SNB maintained so far. pegged, which meant that the euro could cost less than 1.2 franc. At the same time the SNB lowered the interest rate to -0.75 percent. The effect of these decisions was panic and confusion in the market. A few minutes before 11am on Thursday course CHF / PLN exceed 5.19 (the day before the afternoon the Swiss franc cost 3,57 zł) – such a course would not have ever recorded in history. Then the situation is somewhat calmed down and gold recovered some losses.
A significant increase Helvetian currency exchange rate is an important issue for Polish borrowers who get into debt it because their payments will go up. As is clear from the statistics, real estate lending in francs benefited approx. 550 thousand. people in our country.
Tuesday ws. franc meet the Financial Stability Committee. NBP President Marek Belka, who estimates that the impact on borrowers frankowych is “relatively stable”, counts on information from representatives of banks, or take into account the negative interest rates in Switzerland.
According to the Act on the Financial Stability Committee, its aim is to ensure effective cooperation in promoting and maintaining the stability of the domestic financial system through the exchange of information, opinions and assessments of the situation in the financial system in home and abroad, and the coordination of activities in this area. KSF members are the Minister of Finance (Chairman KSF), President of the NBP, the chairman of the Financial Supervision Commission and the President of the Bank Guarantee Fund.
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