Bank restructuring

Bank restructuring

The Polish resolution scheme for cooperative banks and small commercial banks has been extended again.

The program was developed and approved for the first time by the European Commission in 2016. It is aimed at cooperative banks and small commercial banks with assets not exceeding EUR 3 billion, provided that they are subject to resolution by competent national authorities.

The program has already been extended many times. There is now the fifth extension, which will apply until October 29, 2021.

Source: https://www.money.pl/gielda/ke-przedluzyla-po-raz-kolejny-polski-program-restrukturyzacji-bankow-6569888090101377a.html

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