In March of 2006. Banking Supervision issued a recommendation S, limiting the granting of housing loans denominated in foreign currency. On the other hand, in March 2007. KNB increased the risk weight for foreign currency loans for the purpose of calculating capital requirements from 35% to 75% and set binding standards for banks liquidity – we read on the page.
Still, many experts and politicians encouraged to take advantage of this form of financing.
“The most optimistic scenario is 1,80 zł per franc at a time when Poland is going to enter the euro zone. To installment CHF
equaled those in the zloty loans, franc would have to exceed 3 zł. And that need to crash in the Polish economy “- claimed specialists Expander.
In turn, the Parliamentary Club of Law and Justice in a special statement in the same year reported,” Parliamentary Club of Law and Justice with concern the Commission’s recommendations Banking so. “Recommendation S” imposing restrictions on access to foreign currency loans whose main effect will be to reduce the possibility of acquisition by the citizens (especially by young people) own apartments (..). Adverse effect “Recommendation S” can be a situation where a large part of the average income of Poles will not be able to get access to credit due to the sharp increase in its cost. Placing artificial constraints tamujących natural development of the credit market does not serve the Polish economy, and certainly does not serve the citizens. Upon entry into force of these changes will be further monopolization of the banking services market, and the consequences will reflect the customer’s pocket. “
The whole debate recalled by KNF
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