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Banks May Have to Book Mortgage Holiday Costs Upfront

POLAND
  • Bloomberg report that Polish banks may have to book mortgage holiday costs upfront.
  • This headline referring to the planned mortgage holiday scheme for borrowers - DGP wrote on the topic earlier this week:
  • "Poland's planned credit vacations for mortgage borrowers might be particularly troublesome for mortgage lenders, which have large credit portfolios but generate low incomes, according to the market regulator KNF. They estimate that banks may face over PLN 20 bln in forgone revenues due to the new scheme."
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