Finance

Santander Bank Polska needs time to assess impact of borrower easing plans

The Polish unit of Spain’s Santander (Santander Financial institution Polska) brand is pictured in Warsaw, Poland, Might 10, 2021. REUTERS/Kacper Pempel

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GDANSK, April 26 (Reuters) – Santander Financial institution Polska (SPL1.WA) mentioned on Tuesday it was too early to evaluate the impression on the banking sector of Polish authorities plans to assist debtors, which had been introduced on Monday.

The plans have an effect on how mortgage instalments can be calculated, introduces interest-free repayments on some instalments, urges banks to extend curiosity on deposits and can make banks pay into a brand new stability fund.

“There’s nonetheless a lot uncertainty and unknowns that immediately it’s actually troublesome to evaluate what impression this may have on the banking sector,” Santander Financial institution Polska Chief Government Michal Gajewski informed journalists.

“I feel we should always nonetheless wait and see during which course these options will go,” he mentioned, including that he hoped banks would be capable to participate in shaping the brand new rules.

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Reporting by Karol Badohal and Mateusz Rabiega; Modifying by Edmund Blair

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