October 3, 2019 / 12:01 PM / 20 days ago

Polish bank lobby says EU's FX loan ruling may cost them at least $15 billion

WARSAW (Reuters) - Polish banking lobby ZBP President Zdzislaw Pietraszkiewicz said the top European Union court’s Thursday ruling on Swiss franc-denominated mortgages may cost lenders in Poland at least 60 billion zloty ($15 billion).

“There are no grounds to change our assessments and calculations at this stage, although we share the opinion that these costs would be spread over a certain time,” Pietraszkiewicz told reporters when asked about the estimate.

Reporting by Anna Koper; Writing by Marcin Goclowski; Editing by Hugh Lawson

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