June 17, 2020 / 8:27 AM / 2 months ago

Polish c.bank says virus caused increase in credit risk

WARSAW, June 17 (Reuters) - The coronavirus pandemic in Poland meant credit risk rose significantly and risk appeared of access to credit in economy being limited, the central bank said in a report on Wednesday.

As a result of the coronavirus pandemic, banks, insurers and investment funds should use all profit from previous years to strengthen their capital base, Poland’s central bank said in a report on Wednesday. (Reporting by Pawel Florkiewicz, Alan Charlish and Anna Wlodarczak-Semczuk)

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