In the first days after a rapid appreciation of the Swiss franc in mid-January of this year. Polish Banks Association has prepared solutions which aim was to provide assistance to holders franc loan repayment installments higher. For this purpose, banks take into account the negative interest rate of LIBOR, which resulted in a significant reduction in interest rates, reduced the size of the spread, authorized the extension of the repayment period and withdrew from requiring additional collateral for loans.
The essence of these proposals and their effectiveness is the flexible approach of banks to customers giving the timely adjustment of liabilities. As a result of actions taken credit installment loan customers with CHF after the introduction of the banking sector proposals should be equal to or slightly higher than the installment sold 15 January 2015. .
As a result of these activities for the current year will be the loss of revenue of banks by the amount of more than 300 million zł. These measures banks take a sense of responsibility towards its clients the economic situation and the need to stabilize the situation in the sector.
– Currently, the banking sector propose further actions, which are directed to certain groups of customers. Banks within its financial capacity and social acceptance desire in particular to help poorer families and individuals who have acquired the apartment on your own needs and those affected by random events . This assistance is a system solution that banks in its operations alone can offer – said Krzysztof Pietraszkiewicz during a press conference on 27 May. – It should be emphasized the fact that in other countries, eg. USA, Ireland, Spain and Hungary to help borrowers was provided under government programs – added the President of the PBA.
Banks have decided to co-finance proposed by the representatives of the Restructuring Support Fund Mortgage . Banks declared the provisioning of the Fund in the total amount of 125 million PLN. The purpose of the Fund is to support borrowers with loans in any currency. It is expected that aid will be granted up to 100% of principal and interest installments for 12 months, no more than 1500 PLN per month . Providing support will be made in the case of adverse fortuitous event of the borrower, job loss or illness. Except in special cases aid will be repayable.
Banks also decided to create internal stabilization funds targeted exclusively to borrowers with a loan in Swiss francs. The internal funds, a system of subsidies will be available after exceeding a certain threshold level course Swiss currency.
support or assistance will be given according to the following principles :
- flat to 75 m 2 or house to 100 m 2
- and the borrower’s income below the national average at the time of submission of the signing of the annex.
The granting of aid regular maintenance loan. For this solution, banks will allocate a total time soon from 300 to 600 million zł.
In order to effectively mitigate the problem of housing borrowers in foreign currencies is necessary to link the initiative the banking sector with the implementation of the relevant accounting adjustment related to the functioning payment system and settlement of tax issues PIT and CIT. In addition, it is necessary to start work as soon as possible legislation that will enable the creation Restructuring Support Fund Mortgage.
As announced in the near future, banks will implement solutions that enable borrowers to transfer mortgage security in order to facilitate the sale of the apartment or his replacement.
All activities in historical perspective regarding housing loans, including loans denominated in Swiss francs, widely is presented in the publication “White Paper frankowych loans in Poland”. The banking activity consisted in presenting the demands of a wider market regulation foreign currency loans, the introduction of a coordinated policy of housing finance and the need to promote saving for housing purposes. Currently realized and implemented support program represents a serious burden for banks and their customers and in terms drastic increase in the burden of banks as a result of international and national regulation, rollover on banks and their customers the costs of restructuring credit unions, the introduction of new capital requirements, increasing the burden on the Bank Guarantee Fund and to reduce the income of the banking sector.
Banks will inform their customers about the action taken on their websites.
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