Polish banks face $6bn bill for Swiss mortgages, warns IIF
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Emerging MarketsCEE

Polish banks face $6bn bill for Swiss mortgages, warns IIF

Steven Gilmore
August 20, 2015 03:30 PM

The Polish parliament’s new plan to solve the country’s Swiss franc mortgage problem could cost Polish banks $6.2bn this year, wiping out profits for 2015 and 2016, according to Institute of International Finance (IIF) research published this week.

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Steven Gilmore