Solution for Poland’s Swiss-Loan Row Is Nearing, Regulator Says

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(The Swiss Info)

Poland is getting closer to resolving $30 billion Swiss-franc mortgage issue, the head of financial regulatory said after the central bank vowed to help convert the troublesome loans into zloty.

Most banks with foreign-currency mortgages on their books are sounding out their clients or preparing pilot programs for out-of-court settlements amid a wave of lawsuits, Jacek Jastrzebski told radio Tok FM. He described as “promising” a survey that showed the vast majority of Swiss-franc borrowers interested in a deal.

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