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NBP Sets Terms to Assist in CHF Loan Saga; Most Poles Oppose Abortion Ruling

POLAND
  • NBP sets terms to help with PLN 100bn swap for CHF loans.
    • Says banks will need to commit to halting dividends and bonuses as well as present plans to shore up their capital and reduce leverage before the regulator agrees to provide support.
    • This could be a bitter pill to swallow for the industry and shareholders.
    • Polish lenders are already banned from paying dividends until the middle of the year because of the uncertainty related to the Covid-19 pandemic as well as loan payment moratoriums
  • Polish Constitutional Tribunal's ruling on abortion facing opposition from a vast majority of Poles
    • nearly 32% postulating restoration of the "abortion compromise" from before the ruling and nearly 41% seeking further liberalization.
    • Only below 19% want either the current ban to hold or be tightened further
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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