According to Polish daily Parkiet, quantitative regulations concerning granting FX loans are likely to be postponed to 3Q06 or end of 2006. Quality regulations such as informing costumers about FX risk and assessing of creditworthiness are to be put in place in the 2Q06. While the initial proposal from banking supervision commission was setting a requirement of FX exposure to be capped to 3x capital.
The news is potentially negative for the few Polish banks, which grant only PLN-denominated mortgages i.e. Bank Pekao, BZ WBK and ING Bank Slaski.