PKO BP says FX mortgage bill applies to third of CHF loan portfolio

August 10, 2015 10:37 AM

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WARSAW Aug 10 Poland's No.1 lender PKO BP estimates that the bill on converting Swiss franc mortgage holders to zlotys will apply to around 30 percent of the bank's Swiss franc mortgage portfolio, deputy chief executive said on Monday.

Approved by the parliament last week, the law would allow some Swiss franc mortgage holders to convert their loans into zlotys, mostly at lenders' expense. Analysts estimate the cost for banks would be $5 billion.

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