28th December 2011
Monday, May 21st, 2012
Loans in Swiss francs at record high
 |
Shutterstock |
The debt load of borrowers who opted for loans in the Swiss currency has reached a record high due to the weak złoty, reports Rzeczpospolita.
On December 27 the Swiss franc went up against the złoty, reaching zł.3.6 at market close. Someone who borrowed zł.300,000 in Swiss francs in January of 2008 now owes up to zł.480,000, reports de daily.
An estimated Poland 700,000 mortgages have been taken out in Swiss francs in Poland, worth some zł.152 billion.
From Warsaw Business Journal
Also check out:
BGK intervenes in currency market
Złoty best in world during first quarter
Polish currency strongest in five months
Złoty strengthens amid EU optimism
Złoty gaining strength
BGK intervenes in currency market
Złoty best in world during first quarter
Polish currency strongest in five months
Złoty strengthens amid EU optimism
Złoty gaining strength
Advertisement
It is difficult to
think of any major European country where there is as much
polarization and hatred between political parties and ... READ MORE
Following a flurry of announcements by
top EU officials (including the President of the European Commission
Jose Manuel Barroso), that they will ... READ MORE
back
Go to topOur partners
