Poland's dep PM: PLN 40 bln in Swiss loan losses will threaten banks

February 18, 2016 7:24 AM

3 0

WARSAW Feb 18 Poland's Deputy Prime Minister Mateusz Morawiecki said on Thursday that Swiss-franc loan conversion costs at around 40 billion zlotys ($10.14 billion) would prove a big threat for banks.

"If the initial calculations of around 40 billion zloty in losses prove true, this would be a big threat to the banking sector," Morawiecki told private radio RMF FM.

Also read: LA 2024 releases $5.3 billion budget; no new stadiums needed

Read more

To category page

Loading...