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Banks Hold Off on FX Loan Decisions; Coal Unions Unwavering on Transformation Proposals

POLAND

LOCAL NEWS

  • Polish banks, with the exception of ING BSK, are unlikely to submit to shareholders' vote on potential CHF loan settlements under regulator KNF proposal.
    • Banks are abstaining from any crucial decisions, waiting for the Supreme Court ruling on the FX loans issue slated for March 25
  • Poland will find it "extremely difficult" to strike a deal with mining unions on coal sector transformation by end-March amid existing disagreements on state subsidies for coal mines and employment guarantees for miners
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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