UNI - EN REPORT No92/2015
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 (+3620) 339 02 25
Neil Doyle +44 20 3727 1141 / +44 7771 978 220
Paul Marriott +44 20 3727 1341 / +44 7710 426 131