Profil:
PKO BP SAPKO BP lender estimates costs of CHF loans-related legal risk at PLN 970 mln in 1Q 2025
Poland's largest lender by assets PKO BP's management board estimates preliminary unaudited legal risk costs related to the mortgage loans denominated and indexed to foreign currencies, charged to the results for the first quarter of 2025, at PLN 970 million (EUR 257.92 mln), the bank said in a market filing.
"The amount of these costs results from an update to the parameters of the legal risk assessment model, which relate to the changes in the level of achieved settlements and court verdicts, an increase in the expected costs of the settlement programme and an increase in the estimated costs relating to statutory interest accrued for the duration of the dispute with customer," the lender explained.
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