Banque Paribas suspends the granting of variable rate mortgage loans on the basis of WIBOR. Only fixed rate mortgages will still be offered periodically.
Customers who receive an information form with a variable rate loan offer before January 14th will be presented in accordance with the current rules.
The decision to temporarily withdraw variable rate mortgages from the offer is related to the implementation of the recommendations of the Polish Financial Supervisory Authority on the process of replacing the WIBOR benchmark with the WIRON (Warsaw overnight interest rate).
BNP Paribas is the second Polish bank that has recently decided to take a similar step. Earlier, on December 17, 2022, the sale of mortgage loans with a variable interest rate based on the WIBOR rate was suspended by ING Bank Śląski.
Currently, the bank is adapting IT systems, internal procedures and contract models to offer mortgage loans at an interest rate based on the WIRON rate.
“Infuriatingly humble musicaholic. Problem solver. Reader. Hardcore writer. Alcohol evangelist.”
More Stories
The dispute over the port of Elplage. “We will not nationalize”
Fire in Łapy. in the Mujahideen. A car and truck burned down on Scout Street. look at the pictures
Experience the short working time. Employees do not want to go back to the old system