Polish financial system stable, but resilience lower: report

Poland’s financial system is capable of absorbing shocks related to identified future threats to the system and the economic environment, the report said.

But it added that resilience has been reduced compared to the previous edition of the NBP’s biannual report in the light of new burdens on banks.

Listing changes that could negatively impact the financial system, the central bank pointed to plans to exchange foreign-currency mortgages into equivalent ones in Polish złoty, a move proposed by Polish President Andrzej Duda.

Another such change is a recently-introduced tax on the assets of certain financial institutions, the report said. (pk)

Source: PAP