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Loans are not for everyone |
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Written by admin
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Monday, 19 January 2009 |
Mortgages and consumer should be granted only to those customers whose income or assets to guarantee their repayment - such recommendation has been taken up in the new project. T recommendations, prepared by the Financial Supervision Commission. Draft Recommendations T, which is to harmonize the standards for assessing the creditworthiness of individual customers, was presented Thursday during a press conference.
The idea is to protect customers before granting them loans, which then will not be able to repay. The pace of lending rates was faster than the increase of deposit rates. At the same time, the aim is to bring a recommendation to change the structure of loans granted. In the first nine months of the year 2008 a sharp increase in loans. The pace of lending rates was faster than the increase of deposit rates" - explained the chief economist Andrzej Raczko KNF. He added that as a result of a gap. In addition, there is weakening of the zloty against other currencies.
As a result, those who had made loans in the currency had to pay much higher installment. Many people were not prepared for it. The aim of the recommendations is also preventing the disadvantages associated with foreign exchange risk. As the conference was informed on Thursday, politicans want to finish work on a new recommendation to July this year. It becomes effective a few months later, the banks must have time to make changes in their structures involved in the assessment of credit risk. |
Business & Financial 
