Polish Bill on Swiss Franc Loans Stalls, Prolongs Risk for Banks
- Parliament may not resume debate on loans before mid-2016
- Opposition says has own proposal, revises its bank tax plan
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Polish banks may have to wait until mid-2016 for parliament to resume debate on the country’s Swiss franc home loans, prolonging uncertainty that has depressed stock prices and derailed sale plans.
A bill forcing lenders to bear much of the cost of converting the mortgages to zloty appears doomed after the Senate last week sent the legislation back to the lower house -- minus the main change that had been made there.