– Issues that we may encounter in the next quarters or years are home grown. Do not let us look at the other – Belka said on Monday at the conference “Policy Insight.” The first risk by beams situation budżetu.- If we did not manage to stabilize the fiscal position. The year 2016 seems to be reasonably under control. MPC in January issued an opinion on the subject – he said.
– The second issue is the weakening of the stability of the banking system. On this very loud talking. The banking system best year was 2014. The dismal affair from his point of view, because it showed the profits it was hard not to provoke reactions of politicians – he added.
– As the year 2015 is significantly worse and what – I repeat – do not discuss with the facts. It is the bank tax, a whole series of additional burdens: and it BFG, and is otherwise much needed funds to support borrowers. But hanging the question of solutions frankowych loans. It may be for the banking system in Poland is very dangerous. (…) Credit francs are the demon, which hangs over the banking system – Belka said.
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Moody’s estimates that proposed by the office of President of Poland project conversion loans frankowych will have a negative impact on the Polish banking sector and believes that the entry into force of this law disposable bank losses will reach 36 billion zł.
According to Moody’s , the entry into force of the President’s proposals will reduce the capital base of the banking sector by up to 27 percent. and hurt its ability to lend and absorb shocks in the future.
Moody’s indicates that banks, for which the agency has assigned a rating, hold in their portfolios a total of 94 per cent. the value of all loans granted in Poland in Swiss francs. The value of these loans reaches 138 million zł, which equaled as of September 2015, approximately 13 per cent. total gross loans of the banking sector in Poland.
In the same report, Moody’s estimates that the bank tax in 2016 Poland will bring the state budget 4.4 billion zł. A few days ago, NBP estimates in the report on the stability of the financial sector, the restructuring of foreign currency loans adversely affect the resilience of the banking sector. Direct costs of restructuring may be up to 44 billion zł.
The cost of returning spreads together with statutory interest for all foreign currency loans, the report NBP estimated at about 9 billion zł. According to the NBP, the restructuring of the loans in its present form could prove the loss of 70 percent. the banking sector.
Chancellery of the President of the Republic of Poland presented in mid-January draft law on foreign currency loans, which involves three mechanisms of restructuring loans. In addition to the voluntary restructuring, it is proposed restructuring forced, which is determined to be so. course fair, which will be calculated individually. The last mechanism involves the transfer of the property to the creditor effective relief from debt.
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