Polish watchdog: Raiffeisen to take responsibility for its Polish CHF loans

May 22, 2015 10:20 AM

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WARSAW May 22 Poland's financial regulator KNF said on Friday it expected Austria's Raiffeisen Bank International to take responsibility for the Swiss-franc loan portfolio at its Polish arm Raiffeisen Polbank put up for sale.

"KNF upholds its stance that an investor which is leaving Poland has to take responsibility for the Swiss-franc loan portfolio, so that KNF-regulated entities already present in Poland would not be burdened with additional risk," KNF spokesman Lukasz Dajnowicz said in an emailed statement.

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