Update on TCC amendment law in Poland

RNS Number : 1809X

International Personal Finance Plc

26 August 2015

 



26 August 2015

INTERNATIONAL PERSONAL FINANCE PLC ("IPF" or the "Company")

UPDATE ON TOTAL COST OF CREDIT AMENDMENT LAW IN POLAND

IPF notes that the final version of the legislation introducing a cap on all non-interest costs of credit, as well as certain other restrictions, was signed earlier today by the President of Poland.

Apart from a few minor technical amendments, the new legislation is in line with the Company's previous expectations. Lenders will be required to comply six months from the date of publication and the law is expected to become effective by the end of the first quarter of 2016.

Investor relations and media contacts:

International Personal Finance	Gergely Mikola - Media ([phone]
FTI Consulting	Neil Doyle [phone] / [phone] Paul Marriott [phone] / [phone]

 

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