Office of the President is working on the modification of its draft law on support for frankowiczów – PAP said the director of the presidential press office Marek Magierowski. He adds that one of the options is higher distribution costs, which would have to bear the banks.
Radio RMF FM reported on Friday about the assumptions of the new version of the presidential bill, solving the problem frankowiczów. The new project, according to the RMF, would be gentler on the banks of the former, because rozkładałby their costs of restructuring loans (estimated at nearly 70 billion zł) for 20-30 years and would involve to help banks BFG or NBP.
– It’s true, Office of the President is working on a modification of the Law, held on this wide-ranging consultation, the timing of the costs that would incur banks is one option – told PAP director of the Press Office of the President Marek Magierowski.
– Office of the President has always emphasized that the shape of the project, submitted in mid-January to the KNF does not have to be final, the stability of the financial system should be maintained at the same time does not change the main premise of the bill, which is to help people who are burdened with loans – Magierowski added.
Presidential project, says RMF, would be prepared until April 18, when at the request of the head of the Financial Supervision Authority Andrzej Jakubiak about the problem of foreign currency loans is talk Financial Stability Committee. Magierowski but this is not confirmed. – About any dates difficult to speak today – notes.
The published in mid-March KNF estimated that the financial impact of the current so-called presidential project. Law Franks could “not only undermine the stability of individual banks, but also lead to a loss of confidence in the banking system, in an extreme scenario, cause the financial crisis.”
“Load banks following the restructuring of credits / loans covered by the draft law according to the variant and the script creates a high cost for the banks, “- said the KNF, summarizing the conclusions of the survey, which conducted among banks. For the base variant of the exchange rate these burdens, according to the commission, are high and according to one of the four scenarios range from 56.2 billion to 67.2 billion zł zł. The most likely scenario, added commission, a scenario in which the costs amount to 66.9 billion zł.
Presidential draft law “on how to restore the equality of certain credit agreements and loan agreements” was announced in the election campaign Andrzej Duda ; in its present form provides for the conversion of foreign currency mortgage on gold after the “fair” exchange rate. It also assumes three types of restructuring loans: voluntary, and forced transfer of ownership of the property in exchange for the release of debt. The project is to include those borrowers who have taken foreign currency loans for their own needs. Excludes using credit in business.
The project was presented on the first anniversary of “Black Thursday” in mid-January. January 15, 2015. Swiss National Bank (SNB) took the decision because of the release of the franc against the euro, which led to panic in the market and ankle strengthening of the Swiss currency, including against the zloty. This has resulted in a number of owners frankowych mortgages found themselves in an extremely difficult situation – many of these loans were in a new situation LTV ratio exceeding 100 per cent., Which meant that the value of the mortgage was lower than the value of the loan. Many borrowers also have to pay more than in the past dragged.
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