Advertisement
Canada markets open in 4 hours 8 minutes

  • S&P/TSX

    22,244.02
    +20.35 (+0.09%)
     

  • S&P 500

    5,537.02
    +28.01 (+0.51%)
     

  • DOW

    39,308.00
    -23.90 (-0.06%)
     

  • CAD/USD

    0.7352
    +0.0005 (+0.07%)
     

  • CRUDE OIL

    83.95
    +0.07 (+0.08%)
     

  • Bitcoin CAD

    73,516.52
    -4,256.79 (-5.47%)
     

  • CMC Crypto 200

    1,122.12
    -86.58 (-7.16%)
     

  • GOLD FUTURES

    2,373.60
    +4.20 (+0.18%)
     

  • RUSSELL 2000

    2,036.62
    +2.75 (+0.14%)
     

  • 10-Yr Bond

    4.3550
    0.0000 (0.00%)
     

  • NASDAQ futures

    20,430.75
    +19.25 (+0.09%)
     

  • VOLATILITY

    12.50
    +0.24 (+1.96%)
     

  • FTSE

    8,263.63
    +22.37 (+0.27%)
     

  • NIKKEI 225

    40,912.37
    -1.28 (-0.00%)
     

  • CAD/EUR

    0.6785
    -0.0007 (-0.10%)
     

mBank CEO doesn't see end of provisioning for Swiss franc mortgages

Reuters
Commerzbank's Polish unit mBank's logo is seen in Warsaw

GDANSK (Reuters) - Polish lender mBank's CEO Cezary Stypulkowski on Tuesday said he did not see the end of provisioning for legal risks related to Swiss franc mortgages, adding the scale of the issue was difficult to predict.

Stypulkowski did not give any timeline on when the situation might be solved.

The bank's provisions for legal risk of foreign currency loans were 1.08 billion zlotys ($258.84 million) in the third quarter, compared with 2.31 billion zlotys a year earlier.

($1 = 4.1724 zlotys)

(Reporting by Mateusz Rabiega; editing by Milla Nissi)