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Polish govt not expected to force banks to raise rates on deposits, mBank says

05/11/2022

Less than a minute

2022.05.11 13:21

Polish govt not expected to force banks to raise rates on deposits, mBank says
FILE PHOTO: Polish lender mBank bank logo is pictured in Warsaw, Poland, May 10, 2021. REUTERS/Kacper Pempel

WARSAW (Reuters) – Interest rates on deposits held in Polish banks will grow due to competition, mBank CEO Cezary Stypulkowski said on Wednesday, adding he did not expect the government to introduce any law requiring banks to raise rates.

“Regarding the questions about whether we are seeing a growing number of customers who are having difficulties paying their debts, in particular … mortgage loans … we do not see such a trend,” deputy head Marek Lusztyn added.

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05/11/2022

Less than a minute