Thursday, July 23, 2015

Finance Minister tells MPs: Credit unions are insolvent – Gazeta Wyborcza

 


 
 
 
 
 
 


 

 
 
 

 

 
 
 
 
 
 

 

 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
           
           
             

             

                  
                           Branches & # x142; credit unions Wo & # x142; miss

Department of unions in Wołominie (Fig. Przemek Wierzchowski / Agencja Gazeta)

                  
                  
                  


                  
             

             
   
   
   
 
 
 
 
The parliamentary finance committee adopted the report on credit unions. It calls for the establishment of a commission of inquiry to investigate abnormalities in the system of Kas. The five largest credit unions lacking 1.2 billion zł – said the Minister Szczurek

 
 
 
 
 
 
 
 
 
 
 
 
 
                          
 


                 

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

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Mateusz Szczurek Finance Minister informed the House that on 20 July there was a meeting of the Financial Stability Committee. It requested that the Financial Supervision Authority, which oversees the past two years Co-operative Savings and Credit Unions.

Szczurek said that the Committee is familiar with the results of the five largest credit unions (70 per cent. Of the sector). According to the Minister the audited credit unions have a “negative own funds” and lacking in them 1.2 billion zł. And this in a situation where the Bank Guarantee Fund has already paid 3.2 billion zł saving in the two credit unions that have fallen.

– Restructuring credit unions system is very difficult due to insufficient funds of its own. The situation of the sector is extremely serious. Supervision of the Financial Supervision Authority came too late. Most of the stakeholders in the sector is now insolvent – Szczurek said.

He added that at the meeting of the Committee was asked: “How long an entity which has negative financial results and is insolvent, it can act on the market?”. – There was not any ideas rectify the situation – informed Szczurek.

– Do not panic. Repair processes should heal credit unions – commented Minister Martin Święcicki occurrence (PO). – Deposits in credit unions are secured by the Bank Guarantee Fund to the equivalent of 100 thousand. Euro – he added.

The Minister listened stone-faced representatives of unions, including the head of the National Association (headquarters) Rafal Matusiak. Law and Justice deputies conferred with George SZMIT, who before becoming a Member of the PiS, sat in the governing credit unions in Olsztyn. From the meeting came Beata Szydlo, Law and Justice candidate for prime minister. She returned to the vote.

The Commission assessed the report cited four months ago the Subcommittee. Credit unions. This report described on Wednesday. Relations with the rest of the National Commission of credit unions subcommittee considered “pathological”. He criticized the supervision of the National Commission on Kasami and acting with her foundation. Law and Justice senator led both Bierecki.

The Subcommittee noted that credit unions and avoid external oversight. In 2009. Act on it vetoed by President Lech Kaczynski. He presented his own project based on the version by themselves credit unions. The works in the Office of the President piloted when Andrzej Duda, now president-elect, then undersecretary of state. Supervision of the Financial Supervision Authority introduced until the end of 2012. After the Constitutional Court.

The head of the subcommittee Marcin Swiecicki reiterated that the 40 ticket offices (at 52) ​​takes reorganization proceedings, and 3.2 billion zł, which have to pay Bank Guarantee Fund, an amount four times greater than that which has been issued for 20 years of existence, the BFG to rescue all banks.

Święcicki said that savings in credit unions served for political campaigns. He cited the example of “Tygodnik Podlasie” (50 thousand. Effort), promoting PiS candidate in the local elections of 2014. – Money skokowiczów can not be used to launch a single party or political movement – he said.

Jaroslaw Charlampowicz (PO) He explained the need to appoint an investigative committee in the next parliament: – invited to the meeting Biereckiego Senator and MEP Duda, but it did not come. Only committee of inquiry may induce them to be heard.

The Law and Justice deputies tried to break off the meeting. George Szmit requested referral of the report to the subcommittee, but most are rejected. Then the representatives of the unions criticized the report.

Rafal Matusiak, who on Wednesday spoke of a “political witchhunt” on credit unions because “support initiatives and patriotic Church”, now claimed that the subcommittee provided false facts. He protested the word “pathological surveillance” and denied that the Fund supported a party. He claimed that the report “violates the unions”. And that they are “the great value of Polish public life,” and the shortcomings of the National Association reacted accordingly.

In an earlier speech to the deputies Matusiak very critical of the thesis contained in the report of the Subcommittee, he found them to be “inconsistent with the facts and evidence collected.” He stressed that a bad situation balance sheet credit unions in 2012. When hit under the supervision of the Financial Supervision Authority, due, among others, too quick change accounting rules to which the Fund had not managed to adapt.

He commented that the minister Szczurek. As he spoke, in this case it is not about mismatch standards, “because the balance of Kas is just negative.” – Stopping the light does not make her husband, thinner and prettier wife – he said. – The pyramid is a pyramid – he added.

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Comments (7)
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     wenzel2
     
     


     


     
     

                             
                               
                               
                                 A swindlers from PiS and their political masters, the prize will get power in the country.
                               
                             
                           


     
     
     
     

     
     

     

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                                 At least the Polish capital. The Good, the widely respected Polish thief, to the true Catholic. Warm and comforting.
                               
                             
                           


     
     
     
     

     
     

     

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                                 Credit unions – the main sponsor of prawackich mendiów and their furious campaign of hatred and contempt by which the plebs chose a lobbyist and a runner jumping, hypocritical bigot for president.
    Half of the job has been done. Not only do you need to persuade silly sheep that voted in on PiSdzielców fall, it’s the budget will cover the billions.
    Amber Gold is a piece of cake (VERY small) compared with jumps.
    You have to have an IQ echinoderms *) to vote for PiSdzielców and do the Polish Greece 2.0

    Sorry echinoderms, this comparison You offend you.
                               
                             
                           


     
     
     
     

     
     

     

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                                 In this situation, we propose to investigate Bierecki urine and examined truthfulness.
    Ziobro and Swiaczkowski will be delighted.
                               
                             
                           


     
     
     
     

     
     

     

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                                 But by Pisiorstwa what a great scandal these 3.2 billion. What is it like when watches Nowak and ośmiorniczkach zajadanych by the authorities.
    Well, it indeed will be 3.2 billion zł at szykowanych attractions that will appear after the elections.
                               
                             
                           


     
     
     
     

     
     

     

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                                 No need to vote or to PO or PiS :)
                               
                             
                           


     
     
     
     

     
     

     

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                                 Mikrowycinek Polish economy devoted to the possession of know Who.
    This tiny, yet.
                               
                             
                           


     
     
     
     

     
     

     

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To assess Login or zarejestrujX

 

 
 
 


 
 

 
 
 
 

 
 
   
 
 
 
 

 
 
 

 
 
 
 

 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 

 
 
 
 
 
 
 
 
 

 
 
 
 
 
 
 
 
 
 
 
 
 

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