WARSAW – A proposal by Poland’s largest banks to crew as much as create a safety scheme to assist guarantee their liquidity and solvency has been permitted by the monetary regulator KNF, the watchdog mentioned on Friday.
Alior Financial institution, BNP Paribas Financial institution Polska, ING Financial institution Śląski, mBank, Financial institution Millennium, Financial institution Pekao, PKO BP and Santander Financial institution Polska put ahead the plan on Tuesday.
Lenders plan to kind a joint inventory firm which is able to handle the safety scheme and the funds they contribute to it. Every financial institution will put in 0.40% of the quantity of the assured funds of the given lender lined by the obligatory deposit assure scheme.
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