Poland: PLN 180 billion of bad debts

07-10-2004, 18:37

Poland/Enterprises/Finance

Warsaw (Puls Biznesu) - According to BEST, company that deals with debts executing, bad debts in Poland amounts to PLN 180 billion (EUR 41,6 billion). This global sum comes from data provided by polish central bank (NBP), main statistics office (GUS) and BEST.

About 25 per cent of them are bank loans of corporate and individual clients. 56 per cent of bad debts are liabilities, 9 per cent - delayed payments to state budget.

- In developed countries the factoring activity solves such a problem. In Poland exist too many regulations that block similar process - said Mirosław Gronicki, Minister of Finance

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Gospodarka / Poland: PLN 180 billion of bad debts