Profil:
PKO BP SAPKO BP expects CHF reserves to remain at current heightened level in coming quarters
Listed largest lender by assets PKO BP expects the legal risk CHF financial reserves to stay at current levels of approximately PLN 1 billion (EUR 230.4 mln) in the coming quarters, the bank's deputy CEO for risk management Piotr Mazur told a press conference.
"Today we are creating approximately PLN 1 billion quarterly or CHF reserves, and we will probably observe such a level in the coming quarters, but we want to end the CHF loans issue as soon as possible," Mazur said.
PKO BP reported earlier that the preliminary unaudited legal risk costs connected with CHF-denominated and indexed mortgage loans, included in the bank's third quarter financial results, amounted to PLN 994 million (EUR 229 mln).
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