EU FX Mortgage Ruling May Create Systemic Problem: Bank Pekao CEO

The transcript discusses an upcoming EU court ruling affecting foreign currency lending, with potential fines up to 20 billion. A bank representative explains their minimal exposure to CHF mortgages, reducing direct impact. However, a conservative ruling could create systemic issues. Despite uncertainties, the sector remains well-capitalized and liquid, though foreign bank owners in Poland may face challenges.

What is the potential financial impact of the upcoming EU court ruling on Polish banks?

• Up to 10 billion

• Up to 40 billion

• Up to 20 billion

• Up to 30 billion

How does the bank in the transcript view its exposure to CHF mortgages?

• Marginal exposure

• Moderate exposure

• No exposure

• Significant exposure

What is the bank's strategy regarding CHF mortgages?

• Moderately lending in CHF

• Avoiding lending in CHF

• Increasing lending in CHF

• Aggressively lending in CHF

What is the general outlook for the Polish banking sector despite the court ruling?

• Highly unstable

• Moderately unstable

• Very well capitalized and liquid

• Facing immediate collapse

Who might face challenges if the court ruling is conservative?

• Local bank owners

• Individual mortgage holders

• Foreign owners of Polish banks

• Government officials