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Rankings & dataSeptember 24 2015

Swiss franc headache for foreign lenders in Poland

With forced conversions of Swiss-franc denominated mortgages on the way in 2016, The Banker looks at the current make-up of loan portfolios of foreign banks in Poland and assesses who is most at risk.
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Banks in Poland are facing the fallout from the rapid appreciation of the Swiss franc in January, as the government plans to force the conversion of Swiss-franc denominated mortgages into zloty.

With parliamentary elections set to take place at the end of October, it is unlikely that any decision will be reached before 2016, prolonging uncertainty for banks. However, both the ruling party and the opposition have given their support to the policy.

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