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Polish Financial Supervision Authority: over 50,000 completed mediations regarding foreign currency loans

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Over 50,000 mediation proceedings have already been completed regarding loan agreements denominated or indexed to a currency other than Poland, the Polish Financial Supervision Authority (KNF) reported.

According to the Polish Financial Supervision Authority data, until November 13 this year. 50,548 mediation proceedings were completed in the Mediation Center of the Arbitration Court at the Polish Financial Supervision Authority regarding disputes related to loan agreements denominated or indexed to a currency, of which an agreement was concluded in 37,363 cases.

Polish Financial Supervision Authority: over 50,000 completed mediations regarding foreign currency loans

This means that almost 74 percent the proceedings ended with a settlement between the parties – noted the Commission.

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As reminded by the Polish Financial Supervision Authority, mediations in the Arbitration Court at the Polish Financial Supervision Authority have been conducted since October 2021. This project currently covers almost 55,000. proceedings. Settlements are concluded based on the concept that a loan in a foreign currency was a loan in PLN from the beginning.

Settlements with Swiss franc borrowers

PKO Bank Polski reported that at the end of the first half of 2023, it concluded over 31,000 settlements with Swiss franc borrowers.

At the beginning of October, Bank Pekao SA launched a new settlement program for Swiss franc borrowers. The bank announced in November that after making the settlement program more attractive, it is observing great interest in them and has already concluded nearly 200 settlements. Pekao contacted approximately 1,000 people. customers, and the refusal rate is approximately 10 percent.

In turn, the total number of settlements concluded by mBank with its clients regarding mortgage loans in CHF increased to 10.8 thousand. – said the bank. The settlement program was launched in the fourth quarter of 2022. Currently, the bank has assumed the probability of accepting settlements of the entire active portfolio at 22%.

The number of individual court cases regarding indexation clauses at the end of September 2023 increased to 21.6 thousand from over 20 thousand at the end of June. The total value of claims is PLN 8.69 billion.

In turn, Santander Bank Polska concluded a total of 7,374 settlements with borrowers regarding loans in Swiss francs, most of which, 4,337, were settlements concluded in the first half of this year.

Since the launch of the program in 2020, Bank Millennium has concluded 19.5 thousand settlements with clients.

Data from the Polish Bank Association show that the number of housing loans in Swiss francs at the end of June this year. dropped to 277.6 thousand from 282.7 thousand in May. For comparison, a year ago it was 353.5 thousand. loans.

Main photo source: Shutterstock



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