Ministry of Justice has drafted a CHF mortgage bill
The Ministry of Justice has drafted a bill that will ultimately improve the resolution of conflicts between CHF mortgage borrowers and banks. The next important step will be to discuss the new legislation within the government. A new law is being shaped to speed up and simplify court proceedings for thousands of Poles involved in disputes with banks over Swiss franc mortgages. The bill, which has just passed through the Codification Committee, is expected to be put on the government’s work list soon.
Source: Business Insider
Banks are set to settle with CHF mortgage borrowers. Polish Bank Association estimates costs for coming years
The amount of settlements in 2025-2026 is estimated at PLN 4.5 billion, the Ministry of Finance said, citing data from the Polish Bank Association (ZBP).
Source: Bankier.pl
Loans now easier to get. National Bank of Poland report shows change in banks’ criteria
Between July and September, banks relaxed their criteria for granting housing loans, consumer loans and long-term loans to small and medium-sized enterprises, according to a new NBP report. What will happen in this respect in the last quarter of 2024?
Source: Money.pl
Banks implementing the law by including WIBOR in mortgage loan agreements
“The courts have indicated that the introduction of WIBOR as a benchmark in mortgage loan agreements is an expression of the banks’ compliance with their legal obligations,” said dr Tadeusz Białek, President of the Polish Bank Association.
Source: bank.pl
Banks will find it easier to deal with non-performing loans
On Tuesday, 29th October the government adopted a bill that will bring Polish law into line with the EU Directive on credit servicers and credit purchasers. The idea is to allow banks to better deal with non-performing loans on their balance sheets. The new rules are also intended to reduce the risk of an accumulation of non-performing loans in the future.
Source: prawo.pl
Cybersecure Wallet 2024: Poles in cyberspace – active but often unsure and careless
The fifth edition of the ‘Cybersecure Wallet’ report, developed by the Warsaw Institute of Banking (WIB) Foundation under the auspices of the Polish Bank Association (ZBP), has been published. According to it, Poles are most likely to use mobile applications for banking (57%), consistently perceive banks as leaders in cybersecurity (54%), but only 34% of respondents believe that the responsibility for the security of electronic transactions lies with all parties involved in the process, i.e. not only banks, but also customers themselves.
Source: Polish Bank Association
Why are Polish banks issuing so much debt?
By mid-October, the largest lenders had sold more bonds than in the whole of 2023. They mostly choose to issue debt on the European market, and there are several reasons for such high activity.
Source: XYZ.pl
Banks will have to offer instant and free euro transfers
From April 2025, banks will face penalties if they do not offer 24/7 instant payments (in less than 10 seconds) in EU currency, according to provisions proposed in the draft amendment to the law on the Bank Guarantee Fund, the deposit guarantee scheme and forced restructuring (No: UC65).
Source: Gazeta Prawna
Next phase of the introduction of the digital euro. ECB issues invites for testing
The European Central Bank is inviting small and large merchants, banks, other payment service providers, fintech companies, financial institutions, research institutes, technical experts and universities to take part in the next phase of testing the digital euro. This time the focus is on conditional payments.
Source: Fintek.pl
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See also
Banking today and tomorrow | An overview of the banking sector | October 2024
