{
  "title": "Republic of Poland: Technical Note on Impaired Loans",
  "publication": "IMF Staff Country Reports, December 20, 2013",
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  "summary": "This Technical Note analyzes impaired loans in Poland. Asset quality has moved up the Polish supervisor’s agenda to address persistent impaired loans and cyclical deterioration in credit quality.",
  "sections": [
    {
      "heading": "Overview",
      "content": "- This Technical Note analyzes impaired loans in Poland.\n- Asset quality has moved up the Polish supervisor’s agenda to address persistent impaired loans and cyclical deterioration in credit quality.\n- Deterioration has been mainly observed in the quality of the consumer loan portfolio, while the foreign exchange mortgage loan portfolio also presents vulnerabilities related to exposure to foreign exchange risk.\n- Recent loosening of underwriting standards for retail loans could contribute to rising inflows into impaired loans."
    },
    {
      "heading": "Key findings",
      "content": "- Persistent impaired loans and cyclical deterioration in credit quality are significant supervisory concerns.\n- Consumer loan portfolio shows the primary deterioration in asset quality.\n- Foreign exchange mortgage loan portfolio vulnerabilities stem from exposure to foreign exchange risk.\n- Tax disincentives, interest income accrual practices, underdeveloped securitization markets, and impediments in out-of-court restructurings impede rapid progress in cleaning up bank balance sheets.\n- A recent loosening of underwriting standards for retail loans is a potential source of increased future inflows into impaired loans."
    },
    {
      "heading": "Vulnerabilities and impediments to balance-sheet cleanup",
      "content": "- Tax disincentives that slow resolution of impaired exposures.\n- Interest income accrual practices that affect recognition and provisioning for impaired loans.\n- Underdeveloped securitization markets limiting banks’ options for transferring or restructuring credit risk.\n- Impediments in out-of-court restructurings that hinder efficient workout of distressed loans.\n- Foreign exchange exposure in mortgage portfolios creating additional risk channels."
    },
    {
      "heading": "Subject areas and keywords",
      "content": "- Subjects: Banking; Credit; Distressed assets; Financial institutions; Financial sector policy and analysis; Loans; Money; Mortgages; National accounts; Personal income.\n- Keywords: bank enforcement title; CR; Credit; credit risk management practice; Distressed assets; FX loan; impaired loan; ISCR; loan classification system; loan contract; loan portfolio; Loans; loss provision; Mortgages; Personal income; provision amount; restructured loan; restructuring practice.\n\n---\n\n Content in this bundle\n\n- cr13373\n  - cr13373 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr13373 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: December 20, 2013",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781484324486.002",
    "This Technical Note analyzes impaired loans in Poland.",
    "Asset quality has moved up the Polish supervisor’s agenda to address persistent impaired loans and cyclical deterioration in credit quality.",
    "Deterioration has been mainly observed in the quality of the consumer loan portfolio, while the foreign exchange mortgage loan portfolio also presents vulnerabilities related to exposure to foreign exchange risk.",
    "Recent loosening of underwriting standards for retail loans could contribute to rising inflows into impaired loans.",
    "Persistent impaired loans and cyclical deterioration in credit quality are significant supervisory concerns.",
    "Consumer loan portfolio shows the primary deterioration in asset quality.",
    "Foreign exchange mortgage loan portfolio vulnerabilities stem from exposure to foreign exchange risk.",
    "Tax disincentives, interest income accrual practices, underdeveloped securitization markets, and impediments in out-of-court restructurings impede rapid progress in cleaning up bank balance sheets.",
    "A recent loosening of underwriting standards for retail loans is a potential source of increased future inflows into impaired loans.",
    "Tax disincentives that slow resolution of impaired exposures.",
    "Interest income accrual practices that affect recognition and provisioning for impaired loans.",
    "Underdeveloped securitization markets limiting banks’ options for transferring or restructuring credit risk.",
    "Impediments in out-of-court restructurings that hinder efficient workout of distressed loans.",
    "Foreign exchange exposure in mortgage portfolios creating additional risk channels.",
    "Subjects: Banking; Credit; Distressed assets; Financial institutions; Financial sector policy and analysis; Loans; Money; Mortgages; National accounts; Personal income.",
    "Keywords: bank enforcement title; CR; Credit; credit risk management practice; Distressed assets; FX loan; impaired loan; ISCR; loan classification system; loan contract; loan portfolio; Loans; loss provision; Mortgages; Personal income; provision amount; restructured loan; restructuring practice.",
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