The Polish Government to Prepare Subsidies for Borrowers

The Polish government is preparing to help with the repayment of loans to Poles with low income. This implies subsidies and the statutory limitation of margins that banks impose on loans. Due to Wednesday’s increase in interest rates by the Monetary Policy Council by one percentage point, the government is preparing an aid package for the lowest-earning borrowers. The Polish government is considering two main elements.

The Important Steps of the Polish Government for MPC:

The first is to be subsidies to loans for the lowest earners from the Borrowers Support Fund. From the fund, borrowers could obtain long-term low-interest loans for repayment of installments. It is also possible to make a non-returnable loan subsidy.

The second element is to limit credit margins for several months. Also, in the power circle, some believe that banks behave unfairly, and in a situation of war in Ukraine, rising inflation, and high interest rates, they maximize profits at the expense of ordinary Poles.

On Wednesday, April 6, the Monetary Policy Council raised interest rates by 100 basis points. The effect will be an increase in loan installments and a significant difficulty in giving new loans. The purpose is to reduce the amount of money available on the market and stop inflation from rising to 10.9% in March.

The head of the NBP, Adam Glapiński, explaining the reason for the interest rate hike, said that the increase in loan installments should not surprise anyone, as it was predictable.

Implications for Banking and Business

Developments in the Polish banking sector affect businesses operating in the country in several ways. Access to corporate banking services, credit availability, deposit rates, and payment infrastructure are all critical factors for companies — whether established Polish firms or foreign-owned entities entering the market.

For foreign entrepreneurs setting up operations in Poland, choosing the right banking partner is a strategic decision. Major Polish banks including mBank, ING Bank Śląski, Bank Millennium, PKO BP, and Santander Poland offer varying levels of service for international clients, including English-language online banking, multicurrency accounts, and dedicated relationship managers for corporate clients.

The Polish banking market is well-regulated by the KNF (Financial Supervision Authority) and participates in the EU deposit guarantee scheme (BFG — Bank Guarantee Fund), providing deposit protection up to EUR 100,000 per depositor per institution. This regulatory framework provides stability and confidence for businesses maintaining corporate funds in Polish banks.

If you are doing business in Poland or considering entering the Polish market, Zalewski Consulting can help. Learn more about our bank account opening services, or contact us for a free consultation.