The PBA will present five of changes to the Law on frankowiczach; He wants, among others, introducing the income criterion, because “loans offered mainly the wealthiest francs” and reduce, specified in the area of real estate – says the head of Krzysztof Pietraszkiewicz.
The Polish Bank Association will do it – as pointed out Pietraszkiewicz – “despite the essential lack of acceptance for massive debt relief for those with high credit standing.”
Pietraszkiewicz He estimated that the entry into force of the regulation adopted by the Parliament would lead to significant losses not only by banks but also their customers and the economy as a whole. He said, however, that there is still a chance to improve the new legislation in the Senate. Therefore, the bankers will convince parliamentarians to introduce amendments to the bill.
Bankers want to introduce in the law the income criterion
He said that the bankers want to introduce in the law the income criterion. – It just so happens that loans francs were offered mainly the richest group of borrowers. Precisely for this reason the mechanism of income is important. If it helps someone in an emergency situation, we should help those who need our help. Meanwhile, the beneficiaries of the proposals adopted by Parliament really can be mainly the wealthiest – he argued.
Another proposal the PBA assumes that benefit from the restructuring of a foreign currency loan can be a borrower with a smaller property than passed the Sejm. The Act provides that in the case of housing it can not be larger than 100 sq m., And as far as house – 150 sqm. As noted Pietraszkiewicz, according to CSO data, the average size of the apartment was at the end of 2013. 73.1 sq.m. ., or even less than planned originally the bill (75 sq. m.)
According to the head of the PBA in this part of the law should be consistent with other applicable so far in Poland regulations concerning. state policy “to support people making an effort to satisfy the housing needs on their own. ”
– Another solution that suggest the possibility of staggering powers of the borrower to request the customer depending on LTV – as originally proposed by a Member of Parliament – said the president of the PBA.
the PBA and experts of salvation for frankowiczów: some banks will lose their annual profit.
Source: TVN24 Business and World / x-news
Meeting with the heads of parliamentary clubs and President
On Thursday, the head of the Polish Banks Association Krzysztof Pietraszkiewicz announced that the Polish Banking Association wants to meet with the heads of parliamentary groups ws. Act on frankowiczach; Also ask to speak to the president Andrzej Duda.
The Association stresses that although the issue of debt reduction raises fundamental objections bankers, it is possible agreement. – The idea is to conclude such an agreement and to work out solutions that will not make us on the path of legal disputes that are not anyone needed because, according to experts on the subject suggested solutions are unconstitutional – he said.
– I complained to the Speaker of Parliament Mrs. Margaret Kidawa-Błońska, even before the enactment of this Act by the Parliament, to organize a meeting of representatives of parliamentary groups with the presidents of Polish banks. I also intend such a request to ask the president Andrzej Duda – said Pietraszkiewicz. He expressed hope that in the next days or weeks, bankers will receive a positive response. He said that during meetings with representatives of the clubs and the president of the banking sector would like to re-submit its assessment of the effects of this regulation and proposals for its modification, including dot. maintaining the ability of lending to the economy. – When it comes to lending, banks cofnęłyby a few years – pointed. – The idea is to present the seriousness of the situation in which we all are. At the same time confirm the will of the banking sector to seek the best solutions for both mitigating the effects of any appreciation of the currency, but at the same time maintaining stability and ability to finance the development of the economy through Polish banks – he explained.
Banks declare opposition
– Massive debt relief to customers who have a high credit rating and a stable financial situation, causes our fundamental opposition – he added. As stressed, “to reach an agreement between the state and the banks on this issue is extremely important to avoid challenging the law of this solution by anybody and actually mitigate the effects of this sudden appreciation of foreign currencies.” The adopted rules, said Pietraszkiewicz are retroactive, which means that some of them will work backwards. He also stressed that “the law begins to interfere with validly existing agreement without coercion between contracting parties”. – This law also imposes economic conditions economic activity, which is inherently disadvantageous to either party – he added.
The Sejm passed the new law
According to the original version proposed by the PO conversion it would be possible until 30 June 2020. For one year after its introduction, the program could benefit people whose ratio of loan to value collateral exceeds 120 percent. (LTV determining the amount of the loan relative to the value of the collateral). In the next year, this solution could take people where this relationship is in the range of 100-120 per cent., And the following year is higher than 80 percent.
In contrast, the Parliament finally passed that all borrowers with LTV above 80 percent. will be able to immediately apply for conversion.
Next postulate Union – said Pietraszkiewicz – is “NBP’s commitment to take action in order to enable banks to implement provisions of the Act”. – You need to create a solution to the NBP activity not only in a crisis situation. For this we paid in advance for this and we will continue to make – he explained. – The adopted law in general that it did not provide – pointed Pietraszkiewicz.
As he spoke, the last proposal concerns the time limits within which they would be implemented, some dispositions of the Act. – This should include for it would be 90 days to grant the applicant by the bank binding answers. Such period the agreement requires the valuation process to gather the relevant certificates, document analysis. The terms in the law are simply unrealistic – he argued.
The possibility of the loan
The law on the restructuring of foreign currency mortgage loans, which have to deal with now Senate, provides that the borrower could apply to your bank for conversion held a mortgage in a foreign currency, that is, inter alia, in the Swiss franc. Conversion follow is the rate of drawing up a restructuring agreement and rely on calculating the difference between the value of the loan after conversion and the amount of debt that would have at this point the borrower had in the past entered into an agreement with a bank for a loan in Polish zlotys. The Bank has redeem 90 percent. of this amount. If, however, the difference would be a negative value, it will not be subject to redemption, but it was the obligation of the borrower in its entirety. The program will benefit individuals whose loan to value ratio of the collateral value is higher than 80 percent. Another condition is the criterion of the property – for housing its surface does not exceed 100 sq. M, and in the case of a house of 150 sq. However, the criterion does not apply to area families with three or more children. To take advantage of the benefits of the Act, the borrower can not have another apartment or another house, unless it has a different dwelling or part thereof in connection acquired through inheritance after taking out a restructured loan.
Currently law went to the Senate, who has to deal with it early next month.
Experts currency translation franc loans: banks will respond by CIT will pay taxpayers.
Source: TVN24 Business and World / x -News
PAP, abo, bless
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