Poland Is Working to Fix Swiss-Franc Loan Saga, Minister Says

Poland is preparing a law to ease the burden of toxic Swiss-franc loans on the country’s banks, Finance Minister Magdalena Rzeczkowska said.

The ministry is “working on a legal solution,” she told Bloomberg TV in an interview. Its final shape will depend on a ruling from the European Union’s top court about the contentious mortgages, which “can slightly change the situation,” she said.

Watch: Polish Finance Minister Magdalena Rzeczkowska says Polish banks are safe.

Markets: European Close.”

Polish banks have so far written off 40 billion zloty ($9.2 billion) in provisions amid more than 100,000 court cases about the legality of foreign-currency mortgages. Their sales boomed before the global financial crisis, but left ...