BRIEF-Commerzbank, Millennium to seek compensation for Polish FX loan conversion-sources

August 25, 2015 10:11 AM

52 0

* The Polish Senate received a letter from German Commerzbank, which controls Poland's No.4 lender mBank , regarding the planned FX loan conversion in Poland, the Senate's public finance committee chief Kazimierz Kleina told Reuters.

* Sources told Reuters that Commerzbank and Portugal's Millennium bcp, which owns Poland's Bank Millennium , sent letters to Polish authorities flagging they would seek compensation for losses from the planned conversion.

Read more

To category page