In mid-September, the Supreme Court of Croatia ruled that "the banks violated the collective interests and rights of the loan holders of CHF-denominated loans." Banks had violated clients' rights "by using unfair and harmful...
Along with investment and domestic consumption, the real estate sector has been one of the three main drivers of the Russian economy. It is also a sector that has been hit particularly hard by the crisis.
Despite the increasingly robust growth of Poland’s economy, a real growth observed in wages and consumption, lending is picking up only moderately.
Poland has been growing steadily over the past years, with 3.6 per cent growth in 2015, although some policies of the government, in office since November 2015, have dented investor sentiment and could slow growth, according to...
Chief of Poland’s financial regulatory (KNF), Andrzej Jakubiak, recently sought to head off concerns that the Polish banking sector is facing rocky times ahead, saying that the system was “stable and money held in Polish...
Senate, the upper house of Polish parliament, voted to amend a bill on conversion of Swiss franc-denominated mortgages into zlotys so that costs are covered 50:50 by banks and mortgage holders. Banks gave a unanimous and heavy...