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KPO Disbursements to Peak in 2024-2025

POLAND
  • The finance minister Rzeczkowska said Poland may receive up to PLN 12bln in loans and subsidies this year as part of the post-pandemic KPO package, as well as a further PLN 30bln next year, according to PAP. The recovery funds will peak in 2024-2025, at which point Poland receive “PLN 40-50bln annually”, according to the finance minister.
  • DGP Daily write that 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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