Presidential draft law “on how to restore the equality of certain credit agreements and loan agreements” was announced in the election campaign Andrzej Duda Photo: PantherGuide
the president was asked at a press conference after a meeting with President of Slovenia for comment NBP President Marek Belka at the public radio that now the Office of the President should move when it comes to frankowiczom help.
President: “do not withdraw from its commitment”
̶ of course I have great respect for Mr. President Belka and I support his candidacy as head European Bank for Reconstruction and Development, but when it comes to the question of the law of francs, on the persons, who took loans converted into Swiss francs, I will say this: absolutely not withdraw from its commitments and never retreated – stressed the President.
President: a team of experts analyzes the opinions of the NBP and the KNF
“We work, which – I believe in deeply – are constructive. We ran it previously with the participation of communities interested in solving this issue through a law. It is the opinion of the Polish National Bank. It is the opinion of the Financial Supervision Commission. At the moment a team of experts analyzes all these reviews that have been presented to us “- said Andrzej Duda.
The project has taken into account the situation of the financial sector and frankowiczów
He added that he believes that soon the project will be ready and it can be submitted.
the president reserved at the same time that the project will take into account the needs of people who have taken loans in terms of Swiss francs, but also the situation of the financial sector .
the President stresses the importance of financial security of the State
̶ Yes, that is in no way undermine the security of the sector, and therefore the financial security also and the Republic of – he said.
̶ Because it is a question of the responsibility of the president and please remember this – he added.
Submitted before the presidential draft law provided for conversion loans at “fair exchange rate”
Presidential draft law “on how to restore the equality of certain credit agreements and loan agreements” was announced in the election campaign Andrzej Duda. 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.
This excludes using credit in business.
KNF warns that the consequences of the act may shake the confidence to banks
published in mid-March KNF estimated that the financial impact of the 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.”
NBP also predicted huge losses for the banking sector
turn NBP report on the stability of the financial system has calculated that the direct cost of returning the spreads and foreign exchange translation of capital of all loans at the so-called. “Righteous foreign currency exchange rates” adopted in the presidential draft law on the restructuring of foreign currency loans may reach 44 billion zł (NBP founded a single shot as a result of the financial losses resulting from the conversion of credit portfolio). NBP said that taking into account respect of restructuring costs, about 70 percent. the banking sector can note the loss.
The Office of the President on the new version of the Act is working a special team of experts
After the presentation position by the KNF Office of the President was taken to work on the new version of the project. April 8 was set up for this purpose a special team of experts. Director of the press office of the president Marek Magierowski told PAP that one of the options under consideration is greater than the timing of the costs that would have to bear the banks.
The case turns on the Financial Stability Committee
late March KNF head Andrzej Jakubiak, turned to the NBP president to convene the Financial Stability Committee to reflect on how to solve the problem frankowiczów after the KNF a negative opinion on the presidential bill on the matter.
Financial Stability Committee form the Minister of Finance, NBP president, the head of the Financial Supervision Commission and President of the Bank Guarantee Fund. Its task is to ensure the cooperation of various state bodies in order to maintain the stability of the financial system.
KNF: Presidential Assistance Act frankowiczom lead to a crisis. Fall several banks
TVN24 / x-news
PAP, abo
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