KSF: they set up a working group. The risk of foreign currency housing loans – Onet.pl

 
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  Financial Stability Committee established a Working Group. Risk Foreign Currency Credit Housing
 
 
 

Working Group. Risk of foreign currency housing loans

“the task of the group is to draft recommendations of the Committee in terms of solutions which would lead to the restructuring of the portfolio of foreign currency housing loans on the basis of a voluntary agreement between banks and their customers and nakreślały frame desired shape such restructuring, “- said in a statement.

recommendation should in particular, assume the timing of the restructuring of the portfolio of foreign currency loans and aims to maintain the stability of the national financial system. In contrast, the solutions proposed in the recommendation should take into account the range of instruments at the disposal of individual institutions in accordance with their competence, also gave NBP.

President of the NBP appointment of a special working group announced in early August during a joint conference with representatives of the Office of the President.

“appointment groups will serve dragging case “

According to the secretary of the Association of Banking Stop lawlessness Mariusz Rabbit, a working group it is at least about one and a half years late and will serve to drag the case. “We believe that the working groups of the president, the committees that take place, it is another body that has solved something and probably will not have any particular effect. The more that is intended to develop mechanisms that forcing banks to solve the problem “- told PAP hare.

He added that the experience of members of the association – in the courts, or in negotiations with the Polish Financial Supervision Authority – that banks are not willing to make a positive solution to the issue of loans “pseudowalutowych.”

“the banks are doing everything possible to pass on to customers the burden of responsibility to the customers of banks only risked their assets. Banks today risk nothing, I received the expected profits from products sold, so the appointment of this type of group is today the only drag the matter in time and is used exclusively for banks, “- he said.

He added that if such a group formation, it is – as with other similar bodies – SBB will want to participate in it. “we will be watching the work of this group, and if it will be possible will be presented their proposals for solutions, “- he added.

The bill francs

the bill francs presented Aug. 2 provides, inter alia, that the banks will have to pay their customers the difference between the allowable spread, and that in fact they received the following. According to the project the client will be able within 6 months from the date of entry into force of the Act request reimbursement spreads. They would be returned to the amount of 350 thousand. zł capital loan for one person.

The bill is estimated that the cost of refunds spreads amount to 3, 6-4 billion zł. According to the NBP president Adam Glapiński scale load banks in this respect, “albeit very significant, should not lead to their destabilization.”

It will not single-conversion of foreign currency housing loans, which demanded Frankowicz and which assumed presidential subsequent versions of the bill francs. According Glapiński “conversion of foreign currency loans, however, should take place within a reasonable time and will take place.”

“will serve this appropriate and decisive action taken in consultation with the Committee of Financial Stability, which I am chairman of the macro-prudential functions. these activities will provide banks with strong incentives for self-restructuring loans through negotiation with customers “- said the president of the NBP.

Banks resistant to adverse economic events and financial

According to the KSF, domestic banks still characterized by high resistance to adverse economic events and financial performance.

Committee, performing statutory obligations, has also taken a resolution ws. recommendation regarding the retention of a countercyclical buffer of 0 per cent., and decided to transfer the European Board. Systemic Risk relevant information concerning this buffer, stressed the NBP.

“Bearing in mind the significant uncertainty in the macroeconomic environment, including related the results of the referendum on. Britain’s membership of the EU, the Committee stressed the importance of maintaining the high resilience of the financial system disorders “- read on.

The Committee discussed the main sources of risk to the stability of the domestic financial system.

“In particular, drew attention to the situation in the commercial real estate market, the consequences of actions related to the issue of foreign currency loans and the challenges resulting from the additional burden on the banking sector. It was noted that while banks have achieved for the first half of 2016. Good financial results, but they were largely the result of the proceeds from the sale of shares in Visa Europe and, therefore, one-off event “- read as well.

the meeting also discussed the results of stress tests in the Polish banking sector in 2016. carried out by the KNF and found that domestic banks are still characterized by high resistance unfavorable economic and financial phenomena.

The meeting was attended by the president of the Polish National Bank, chairman of the Adam Glapiński finance Minister Paul Szałamacha, chairman of the Financial Supervision Commission (KNF) Andrzej Jakubiak and the president of the Bank Guarantee Fund (BFG) Zdzislaw Sokal.