The Polish Financial Supervision Authority (KNF) estimates that the total costs for banks of implementing the presidential draft law on spreads would be PLN 9.3 billion, the KNF informed in an opinion submitted to the Sejm.
According to the KNF, its calculations were based on data from 28 banks with credits or loans covered by the draft law. By the end of June 2016, as a result of the losses incurred, the capital ratio of these banks would have dropped by 0.8 percent to 17.3 percent.
“After taking into account the impact of the draft law, the number of banks foreseeing losses increased from one to nine,” the KNF stated in its opinion.