Poland’s PKO BP says rates not causing repayment problems yet

By:

Updated: May 19, 2022, 11:37 UTC

WARSAW (Reuters) - Poland's largest lender PKO BP does not expect problems with loan repayments at the current level of interest rates, its deputy head said on Thursday, but he added that there might be problems if rates go higher.

WARSAW (Reuters) – Poland’s largest lender PKO BP does not expect problems with loan repayments at the current level of interest rates, its deputy head said on Thursday, but he added that there might be problems if rates go higher.

“I am not afraid of the level of interest rates as it stands today,” Piotr Mazur told a news conference. “Probably if they keep going up, then some problems will arise.”

(Reporting by Anna Koper; Writing by Alan Charlish; Editing by Edmund Blair)

About the Author

Reuterscontributor

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV. Learn more about Thomson Reuters products: