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DatabankSeptember 16 2021

Mortgage exposures weigh on Polish banks

Poland’s largest bank, PKO Bank Polski, saw pre-tax profits slump 109%.
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Poland’s banks have navigated the Covid-19 pandemic reasonably well on the back of generous government support, which has limited the impact on the economy and labour market.

A key risk, however, is mounting litigation related to foreign currency legacy mortgage loans.

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