Share the article
twitter-iconcopy-link-iconprint-icon
share-icon
DatabankJanuary 10 2023

Polish banks expected to increase provisions

The European Court of Justice will rule on whether Polish banks can charge interest on Swiss franc mortgages invalidated by local courts. Barbara Pianese reports.
Share the article
twitter-iconcopy-link-iconprint-icon
share-icon

Tier 1 capital at four of Poland’s biggest banks saw a slight decline in 2021. PKO Bank Polski recorded a 8.1% drop, BGK saw a decline of 6.5%, Bank Pekao of 9.9% and Alior Bank of 12.3%. 

In the coming quarters, banks are also expected to book more provisions to cover risk related to Swiss franc mortgages. 

To continue reading, join our community and benefit from

  • In-depth coverage across key markets
  • Comments from financial leaders and policymakers worldwide
  • Regional/country bank rankings and awards
Activate your free trial
Barbara Pianese is the Latin America editor at The Banker. She joined from Mergermarket, where she spent four years covering mergers and acquisitions across Europe with a focus on the consumer sector. She holds an MA in International and Diplomatic Affairs from the University of Bologna having studied in Brazil and France as well.
Read more articles from this author