ECB criticises Polish draft law on mortgages

ecb

The European Central Bank (ECB) has strongly criticised a draft Polish law on mortgage loans, saying it could seriously restrict financing for the country’s banks.    

Current Polish law obliges all residential borrowers to submit a written statement to the bank offering them a loan, confirming that they want a mortgage.

Under the draft law, banks would only be able to transfer their claims under a mortgage contract to a third party if they received a similar written statement from the

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: