Supreme Court: Bank may exercise right of retention against CHF mortgage borrower
A seven-judge panel of the Supreme Court has issued a resolution stating that a bank loan agreement is a reciprocal contract within the meaning of the Civil Code, which means that the bank can exercise its right of retention. The decision was taken following a question from the Financial Ombudsman in the absence of a substantive answer from the CJEU to the questions referred for a preliminary ruling by the Civil Chamber of the Supreme Court in October 2023. The resolution is likely to have an impact on many ongoing cases.
Source: Prawo.pl
New risks for banks. Loans may become more expensive and difficult to obtain
CHF mortgage loans, the sanction of free credit, attempts to undermine WIBOR-based mortgages, credit holidays – these are costly legal risks for banks, which can also have a negative impact on consumers. According to Tadeusz Białek, President of the Polish Bank Association, serious consideration should be given to whether banks should make long-term loans widely available to customers, since offers to pursue cases for their cancellation often appear immediately after signing the loan agreements. He adds that the increased legal risk could be reflected in the cost of loans.
Source: Business Insider
Is the Swiss franc mortgage bomb still ticking? A worrying report
Despite very good financial results, Polish banks face serious challenges. One of these is the risk associated with CHF mortgage loans, which remains an unresolved issue in the Polish market. The banking sector’s results will also be affected by risks related to WIBOR and the Free Credit Sanction.
Source: Forsal.pl
Bankers call for deregulation
The deregulation campaign recently announced by Prime Minister Donald Tusk is intended to be one of the factors increasing the willingness of Polish entrepreneurs to take pro-development actions, reminded Agnieszka Wachnicka, Vice-President of the Polish Bank Association, during a press conference in February. She emphasised that the Polish Bank Association had prepared a number of deregulation proposals, the implementation of which would make life easier for both banks and their customers.
Source: Bank.pl
‘Manipulated’ narrative on the sanctioning of free credit. A warning from the ZBP
Obtaining a free consumer credit in court will not be automatic at all, and the CJEU’s ruling on this issue is not groundbreaking, says the Polish Bank Association (ZBP). (…) The ZBP also stated that at the end of December there were 14,759 cases concerning the sanction of free credit pending before the courts. To put things into perspective, the number of consumer loans is estimated at around 18 to 19 million.
Source: Rzeczpospolita
Poles took out 85 billion PLN worth of mortgage loans in 2024. What will 2025 bring?
Despite the high cost of mortgages, interest in them remains high. According to the AMRON-SARFiN report, more than 200,000 people took out mortgages in 2024.
Source: Business Insider
The cloud is growing like wildfire in Europe. Banks, IT and insurance are spending the most in this area
The IDC forecasts that spending on public cloud services in Europe will reach USD 221 billion in 2025 and increase to USD 373 billion by 2028, representing a five-year compound annual growth rate of 20%. In particular, the Platform as a Service (PaaS) segment will be the fastest growing area, driven by the increasing demand for artificial intelligence applications, the integration of cloud ecosystems, and the need for scalable platforms to support digital transformation.
Source: Brandsit.pl
Freedom is what counts. This is one potential conclusion of a Mastercard survey on Polish attitudes to payments
The survey showed that what our compatriots value in the development of payment services is the fact that it gives them a lot of freedom in choosing how to make payments in different life situations.
Source: Cashless.pl
How finance is evolving. Polish banks among the most innovative
The development of artificial intelligence, blockchain and technologies such as open banking are transforming financial services. How is the banking sector evolving and how do Polish financial institutions, which are among the most innovative in the world, fit into this process?
Polish banks are among the most modern in the world, as evidenced by their high rankings in global ratings. In the West in particular, they are known for their high level of digitalisation, their wide range of products and services, and the fact that many banks allow customers to open an account remotely, without having to visit a branch.
Source: Bankier.pl
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See also
Banking today and tomorrow | An overview of the banking sector | February 2025
