5.7 C
Monday, February 26, 2024

Credit holidays. Jan Krzysztof Bielecki comments

Must read

- Advertisement -

With a light hand, the government makes a decision that does not concern it, but only banks and their management boards. And no one knows how much it can cost – this is what Jan Krzysztof Bielecki, chairman of the board of directors at EY Poland, former prime minister and former president of Bank Pekao, said about credit holidays in “Fakty po Faktach”.

– This is a classic of bad politics. At the expense of the banking sector, the government wants to show that it loves all Poles. And it will bring relief to all Poles now, because we have a more difficult situation. So the government knows better and the government gives everyone, because the government does not pay for it, Bielecki said.

He also added: – I am giving, because not mine, so I will give away, but I will define the rules myself. This is extremely controversial, because banks know which client to deal with. Banks can extend the financing period, they know what the situation and risk are.

According to Jan Krzysztof Bielecki “it is likely that it will be unpleasant again”. The former prime minister said that “nobody knows how much it might cost.” – Depending on how many people will benefit from it, it can be several billion zlotys, it can be a dozen or so, and it can be over twenty. It is so easy to decide on huge money – he said.

- Advertisement -

The cost of credit holidays

Some banks communicated the costs of introducing credit holidays. PKO BP estimated the cost of the entry into force of the law introducing credit holidays at PLN 3bn, and Santander BP at around PLN 1.36bn. At the same time, Santander assumed that 50% of credit holidays would be used. eligible customers. ING Bank Śląski announced on Friday that the loan holidays program will lower the gross result for July 2022 by approximately PLN 1.7 billion. At the same time, the bank expects a net loss in the third quarter, the first in 14 years.

Bank Millennium estimates that if all eligible borrowers take a loan vacation, the cost will be almost PLN 1.8 billion.

In turn, Commerzbank, which is the majority shareholder of mBank, will consider taking legal action in relation to credit holidaysthat all borrowers are entitled to, regardless of their financial situation – stated in the release.

mBank previously announced that it estimates the negative impact of credit holidays on the gross result in the third quarter in the range of PLN 1-1.4bn. The bank expects the group’s net result in this period to be negative. The bank also reported that the range of estimates for the negative impact of credit holidays is based on an estimated participation between 60 percent. and 80 percent currently established eligible borrowers.

Are you going to take advantage of credit holidays? We are waiting for your information on Contact 24

Credit holidays

President Andrzej Duda on Thursday, he signed an act on crowdfunding for business ventures and assistance to borrowers. The purpose of the act is to support for people who took out PLN mortgage loans.

The regulations will introduce the possibility of using the so-called credit holidays in 2022 and 2023. The articles concerning this solution will come into force after 14 days from the date of publication in the Journal of Laws (which took place on July 14). The borrower or borrower (in the case of a loan with another person) will be able to use this solution for a maximum of 8 months, until the end of 2023.

Applications can be submitted online – in internet banking, as well as in a traditional way – at a bank branch. About the the banks are getting ready on the entry into force of the statutory credit holidays, we wrote in recent days.

Also read: Credit holidays for eight months. Everything you need to know

Main photo source: Kamil Zajaczkowski / Shutterstock

Source link

More articles

- Advertisement -

Latest article