Bloomberg Law
Jan. 15, 2020, 3:23 PM

Polish Bank Lobby Disputes Losing Record in FX-Loan Cases (2)

Maciej Martewicz
Maciej Martewicz
Bloomberg News

Polish banks are faring better in court lawsuits against mortgage holders than data from borrowers shows, according to the country’s main financial industry lobby.

“The trend of favorable judgments is still higher than might result from some media reports,” the Polish Banking Association, known by its Polish acronym ZBP, said in a statement on Wednesday. “Therefore, it would be premature to say that the litigation of banks against foreign currency borrowers can cause a serious deterioration in the financial results of these banks.”

Lenders won over 70% of binding rulings last year and 60% of non-binding verdicts, according to ZBP ...

Learn more about Bloomberg Law or Log In to keep reading:

Learn About Bloomberg Law

AI-powered legal analytics, workflow tools and premium legal & business news.

Already a subscriber?

Log in to keep reading or access research tools.