Polish regulator: FX loans bill would likely cost banks $17 bln

March 15, 2016 3:16 PM

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WARSAW, March 15 A bill proposed by Poland's president to convert foreign currency loans in zlotys would cost banks roughly 67 billion zlotys ($17.31 billion) in the most likely scenario, possibly leading to a banking crisis, the financial supervisor said.

Financial supervisor KNF said on Tuesday the bill, if implemented, could undermine the stability of some banks, leading to a loss of trust in the banking sector.

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