Formula 1985 : Results of Annual Shareholder Meeting - Form 6-K marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.
Form 6-K FORMULA SYSTEMS (1985) For: May 11 streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
By Reuters Staff
2 Min Read
WARSAW (Reuters) - PKO BP will set up a 6.7 billion zloty ($1.77 billion) fund for foreign exchange loan settlements after shareholders of Poland’s biggest bank backed the plan on Friday as a possible solution to the problem of Swiss franc mortgages.
The chances of resolving cases through out-of-court settlements remain uncertain, with many banks waiting for a Polish Supreme Court sitting on May 11 before they decide whether to sign up to a settlement plan proposed by financial regulator KNF.
Thousands of Polish borrowers took out franc loans more than a decade ago to take advantage of low Swiss interest rates but then faced ballooning repayments when the zloty weakened sharply against the Swiss currency.