2015-02-19 20:33 [Photo: wikipedia / CC BY-SA 3.0 PL / Catherine Czerwińska / Senate Polish] 
The Chairman of the Financial Supervision Authority (KNF) Andrzej Jakubiak spoke on Members of the Parliamentary Committee on Public Finance, inter alia, the most recent data KNF on credit unions. According to him, the sector experienced a loss of approx. 126 million zł, and a shortage of own funds is approximately 300 million zł.
– The situation in the sector is still a difficult situation – said Jakubiak. He argued that the fact that there has been a bankruptcy of two banks, and the whole industry found itself in a difficult situation, it was not caused by sudden events, but it was a process that grew .
He recalled that it was only from 2012 onwards. KNF accordance with the law, supervises credit unions, s. But just between the enactment of the Act in 2009, and its final entry into force in 2012 saw the highest increase in assets and deposits of credit unions. However, he said, there was accompanied by a corresponding increase in equity, and in addition it has imposed on the global financial crisis. Thus, over the counter, there were problems, there was, among others, increase in overdue loans.
As explained above, this increase can be explained by the fact that interest rates on deposits in credit unions was significantly higher than in banks. This meant, however, that the deposits were more expensive and worse financial results.
According to Jakubiak, at the end of 2014. 41 banks were subject to recovery proceedings. In relation to the two – credit unions and credit unions Wołomin Community – had to be declared bankrupt. Two cash were taken over by the banks.
The head of the Financial Supervision Authority told members that the supervisory activities of the Commission and to the receivers banks were directed the threat of a criminal nature and some of them have to use police protection.
He also said that the National Fund for the credit unions already in 2008. could be aware of irregularities in the CU Wołomin, even though it’s in this case did not happen. – These problems Wotomin would be smaller if a reaction has occurred before – said Jakubiak.
The head of the Financial Supervision Authority also spoke, among others, formed in December of 2007. and registered in Luxembourg Holding company unions, which have been submitted to, among others, shares of the subsidiaries of the National Association Credit Unions. At the end of 2013. 81 per cent. shares credit unions Holding, according to Jakubiak, credit unions, the National Association had. – It is important that the company has no employees, and the board is double. Chairman of the Board is Mr. Bierecki – said the head of the Financial Supervision Authority. He added that in 2013. CU sector suffered to entities controlled by the unions Holding costs of over 83 million zł . In contrast, by the end of 2013. Credit Unions Holding accumulated profit of 33 million 800 thousand. euro . This amount, he added, but not supplied the domestic money stabilization fund.
Jakubiak also reminded that the credit unions sector has been a reluctance to take cash guarantees Bank Guarantee Fund. However, as argued CU Mutual Insurance Society losses guaranteed only to the amount of 34 million zł. As a result of bankruptcies credit unions and credit unions Wołomin Community BFG had to pay more than 3 billion 200 million zł., Which means that if the bankruptcy occurred before taking cash BFG guarantees to cover more than 93 percent. losses would have to submit the same money.
– If it was the former system, the events zmiotłyby TUW credit unions, but also mean disaster for the whole sector – he said. If something happened in that time, banks depositors would not have been satisfied in any way, – he added.
Jakubiak argued, too, that after taking cash KNF supervision there was a significant change in the way of supervision , which since then has ceased to be associated with the same cash personally and business . Previously, because over the counter reporting profits rise, but actually was an empty money . – We do not do anything on purpose to tease someone, some see a significant improvement in checkout – said Jakubiak at the end.
During the meeting of the committee president Jerzy Prussian BFG said So far the fund has paid a total of over 798 million zł customers CU Community, and 2 billion 200 million zł customers CU Wołomin. In total, he added, BFG guaranteed funds paid almost 44 thousand customers of both banks. The existence of a public deposit insurance scheme collapsed to save deposits of thousands of customers JUMP – he said.
With the onset Jakubiak argued mainly present at the meeting of the committee president of the National Association Credit Unions Rafal Matusiak (which, as Jakubiak noted, has not obtained the consent of the Financial Supervision Authority to take its function). He explained that the system of credit unions make up 52 cash, and each is an independent entity. Events in one hand does not have any influence on the situation in another. The cumulative earnings of the entire system is actually negative, but the interesting thing is that the result of the core business at the level of cash generated positive and amounts to 634 million zł – he argued. The loss greatly taken with provisions for economic events, which forced the creation of the additional rules and interpretations – he added.
Also what has happened in the CU does not translate Wołomin In his opinion, the situation in other tills. This fund fell prey to organized criminal activities – said the president of the National Association Credit Unions.
Matusiak asserted that domestic fund has always actively supported the stabilization of cash. Today we have the amount of approx. 90 million zł for a possible stabilization aid. The process, however, requires banks to stabilize peace, the ship is best repaired in the port, not the rough seas – he argued.
He complained also that although last year end cash gross profit , the KNF constantly intends to introduce at the box office of the national board of trustees, which would mean the
In the discussion hardest words rang Ms Joanna Mucha (PO) who asked the question, whether the whole system JUMP not had the features of a criminal group . The MEP Jerzy Żyżyński (PiS) pointed out that in many countries supported the development of small credit institutions, while in our campaign begins destroying them through separate examples of crimes .
VIEW more in Money.pl
No comments:
Post a Comment