Polish regulator approves banks' protection scheme plan

BNP Paribas Bank Polska SA

10/06/2022 18:58

WARSAW, June 10 (Reuters) - A proposal by Poland's biggest
banks to team up to create a protection scheme to help ensure
their liquidity and solvency has been approved by the financial
regulator KNF, the watchdog said on Friday.
    Alior Bank  ALRR.WA , BNP Paribas Bank Polska  BNP1.WA , ING
Bank Śląski  INGP.WA , mBank  MBK.WA , Bank Millennium
 MILP.WA , Bank Pekao  PEO.WA , PKO BP  PKO.WA  and Santander
Bank Polska put forward the plan on Tuesday.  urn:newsml:reuters.com:*:nL1N2XV0F2
    Lenders plan to form a joint stock company which will manage
the protection scheme and the funds they contribute to it. Each
bank will put in 0.40% of the amount of the guaranteed funds of
the given lender covered by the mandatory deposit guarantee
scheme.


 (Reporting by Marek Strzelecki; Editing by Susan Fenton)
 ((Marek.Strzelecki@thomsonreuters.com;))