Dec 9 (Reuters) - International Personal Finance Plc :
* IPF notes recently proposed revisions to consumer credit legislation in Poland
* Ordinarily, consumer credit legislation falls within remit of ministry of finance.
* Combined total of flat 10 pct and time-dependent 10 pct p.a. would not be able to exceed 75 pct of loan value.
* Is reviewing proposal to assess extent to which profitability of its polish business would be affected by proposed changes
* IPF will keep market updated and further details will be communicated in due course.
* Polish Ministry of Justice published a draft bill on its website aimed at strengthening anti-usury legislation in poland
* It proposes further changes to cap on non-interest costs that may be charged by lenders in connection with a consumer loan agreement that became effective in march this year
* Under proposal, flat level cap would be reduced to 10 pct of loan value and additional cap per annum would be reduced to 10 pct.
* Understand that proposal will now be open to public consultation for 14 days and we will be contributing to this process.
* Is also examining appropriate mitigation strategies to minimise any potential impacts. Source text for Eikon: Further company coverage: (Bengaluru Newsroom)