Banks need no further government aid: Finance Minister

Poland's finance minister has said that the national banking sector has received sufficient pandemic-crisis government aid, and can now cope alone.

"We've done a lot for banks. In the past year we've injected PLN 312 billion (EUR 68.7 billion) into the economy,” said Tadeusz Kościński the Minister of Finance. “I don't think we need to help any further at this stage. Now it's time for banks to help themselves."

Kościnski also spoke about continuing controversies surrounding aid for FX loan-takers, many of whom feel financially squeezed by changes to the Swiss FX-PLN exchange rate. According to the minister, recent out-of-court settlement proposals by the Polish Financial Supervision Authority are "among the best solutions."

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