NBP's Raczko expects no credit crunch in Poland.

By bne IntelliNews November 24, 2011
Poland is unlikely to see a credit crunch, but credits are actually likely to become less available, National Bank of Poland's (NBP) management board member Andrzej Raczko has told business TV station TVN CNBC in an interview. However, he declared that should a sudden limitation of financing on the foreign mother company - Polish daughter companies, NBP has enough instruments to supply all the required liquidity. Raczko noted that due to Western banks' needs to strengthen their capitals, there are fears that they could limit the credit operations of their Polish holdings. However, he does not expect this situation to lead to any troubles for the Polish banking system.

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