Banks need no further gov't aid - ministry

"We've done a lot for banks. In the past year we've injected PLN 312 billion (EUR 68.7 billion) into the economy,” Tadeusz Kościński told Bloomberg. Rafał Guz/PAP

Poland's finance minister has said the national banking sector has received sufficient pandemic-crisis government aid, and can now cope alone.

"We've done a lot for banks. In the past year we've injected PLN 312 billion (EUR 68.7 billion) into the economy,” Tadeusz Kościński told Bloomberg. “I don't think we need to help any further at this stage. Now it's time for banks to help themselves."

Kościński also spoke about continuing controversies surrounding aid for FX loan-takers, many of whom feel financially squeezed by changes to the Swiss franc-zloty exchange rate. According to the minister, recent out-of-court settlement proposals by the Polish Financial Supervision Authority are "among the best solutions."