mortgages

President signs act on assistance for mortgage borrowers

During the signing ceremony Duda said that "it was not an easy law", because in difficult times it was necessary to take decisions regarding the financial market and the functioning of banks in the context of the functioning of households. Radek Pietruszka/PAP

President Andrzej Duda signed on Thursday the act on support for borrowers, which includes 'mortgage holidays' and the extension of anti-inflation shields until October 31.

Poles given option to suspend mortgage payments as rates spike

Polish mortgage borrowers will be able to suspend their mortgage payments for a total of eight months after the president, Andrzej Duda, signed new legislation into law on Thursday.

Banking sector remains resilient despite foreign currency mortgage threat

The Polish banking sector has remained highly resilient, with mortgages denominated in foreign currency being its only threat, shows a report by the central bank.

Gov't to promote fixed-rate mortgages

The Polish government will try to increase the popularity of fixed-rate mortgages to prevent shocks for borrowers when interest rates rise, the development and technology minister has said.

Banking lobby warns of high cost of mortgage payment freeze

The so-called mortgage vacations proposed by the government may cost the banking sector up to EUR 6.56 billion and add fuel to Poland's record-high inflation, a deputy head of the Polish Bank Association (ZBP) has warned.

Mortgage vacations may cost banks EUR 4.34 bln warns central bank

A temporary suspension of mortgage payments by borrowers who are strapped for cash due to rising interest rates may cost the banking sector up to PLN 20 billion (EUR 4.34 billion), the National Bank of Poland (NBP) has said.

Gov't passes new borrower support scheme

The Polish government, on Tuesday, adopted a new support scheme for mortgage loan holders, the government reported on its website.

Polish banks grant record amount of mortgage loans in 2021

The total value of mortgage loans provided by Polish banks in 2021 reached a record of PLN 85.76 billion (EUR 18.31 billion), a property researcher has reported.

FX mortgages still pose risk to Polish banking sector

Legal risks coming from FX mortgages remain the main source of uncertainty for the Polish financial sector, wrote Poland’s central bank (NBP) in its latest Financial Stability Report.

Poland's PKO BP bank posts 3rd quarter profit

PKO BP, Poland’s largest lender, posted a net profit of EUR 805 million after three quarters, a 77.3-percent increase year on year.

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