Polish Banks Win Reprieve as Glapinski Grabs Swiss-Loan Role

Updated on
  • Central bank chief wrests role in loan switch from politicians
  • Warsaw stocks stabilize after world-beating gain on Tuesday

Adam Glapinski.

Source: Narodowy Bank Polski

Adam Glapinski won his first battle as Poland’s central bank chief. In office for just five weeks, the 66-year-old economist wrested control from politicians on the main issue facing the country’s banks -- how to safely unwind their $36 billion foreign-currency loan portfolio.

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