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Formula 1985 : Results of Annual Shareholder Meeting - Form 6-K marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.
Form 6-K FORMULA SYSTEMS (1985) For: May 11 streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
By Reuters Staff 2 Min Read WARSAW (Reuters) - PKO BP will set up a 6.7 billion zloty ($1.77 billion) fund for foreign exchange loan settlements after shareholders of Poland’s biggest bank backed the plan on Friday as a possible solution to the problem of Swiss franc mortgages. The chances of resolving cases through out-of-court settlements remain uncertain, with many banks waiting for a Polish Supreme Court sitting on May 11 before they decide whether to sign up to a settlement plan proposed by financial regulator KNF. Thousands of Polish borrowers took out franc loans more than a decade ago to take advantage of low Swiss interest rates but then faced ballooning repayments when the zloty weakened sharply against the Swiss currency.
The Warsaw Voice warsawvoice.pl - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from warsawvoice.pl Daily Mail and Mail on Sunday newspapers.
Nine Polish Banks Are in Advanced Talks on Swiss Loans, PKO Says This content was published on March 5, 2021 - 13:40 March 5, 2021 - 13:40 (Bloomberg) -- Nine Polish banks are coalescing around a proposal for out-of-court settlements with holders of Swiss franc mortgages, according to PKO Bank Polski SA, the nation’s biggest lender. State-controlled PKO has spearheaded efforts to work out a joint solution to around $31 billion in mostly Swiss franc loans, based on a proposal by the country’s financial regulator and backed by the central bank. Some of its peers, especially those with foreign owners, have been more skeptical toward the plan.
Solution for Polandâs Swiss-Loan Row Is Nearing, Regulator Says This content was published on February 11, 2021 - 13:39 February 11, 2021 - 13:39 (Bloomberg) -- Poland is getting closer to resolving $30 billion Swiss-franc mortgage issue, the head of financial regulatory said after the central bank vowed to help convert the troublesome loans into zloty. Most banks with foreign-currency mortgages on their books are sounding out their clients or preparing pilot programs for out-of-court settlements amid a wave of lawsuits, Jacek Jastrzebski told radio Tok FM. He described as âpromisingâ a survey that showed the vast majority of Swiss-franc borrowers interested in a deal. âThe work is ongoing and moving quite intensively,â Jastrzebski said on Thursday. âWeâre at the stage when banks are preparing, or already launching pilot schemes.â