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>> SFR Latest News

JAN 19, 2015 - Zero Hedge

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SNB Decision Sparks Calls For Polish Mortgage Bailout; Central Bank Against It

As we noted last week, the Swiss National Bank's decision to un-peg from the Euro (thus strengthening the CHF dramatically) will have very significant repercussions - not the least of which is for Hungarian and Polish Swiss-Franc-denominated mortgage-holders. The 20% surge in Swiss Franc translates directly into a comparable jump in the zloty value of loan principles and and monthly ...

Tags: SNB Decision Sparks Calls For Polish Mortgage Bailout; Central Bank Against It,  Sfr Latest News

JAN 16, 2015 - Zero Hedge

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What The Soaring Swiss Franc Means For Hungarian And Polish Mortgages

Spoiler alert: nothing good, because what until yesterday was, indicatively, a 1 million mortgage (in HUF or PLN terms) is suddenly a 1.2 million mortgage. But what about the details? Here they are, courtesy of Goldman Sachs. Poland. Total balance of SFr denominated mortgage loans in Poland stood at PLN131 bn at the end of November which corresponds to 22% ...

Tags: What The Soaring Swiss Franc Means For Hungarian And Polish Mortgages,  Sfr Latest News