A Polish bank has frozen the accounts of a Belarusian IT specialist working in Poland, including those linked to his mortgage and savings.
The individual fears losing his apartment as a result of the sudden restriction on his funds.
The incident was reported by Nasha Niva, highlighting the personal and financial risks faced by foreign nationals in the region amid tightening banking practices.
The incident was reported by Nasha Niva, highlighting the personal and financial risks faced by foreign nationals in the region amid tightening banking practices.
The case adds to growing concerns about the stability and risk management of the Polish banking sector.
MBank analysts recently issued a broadly negative assessment of the industry, warning that current valuations are stretched and vulnerable to multiple downside risks.
Their research note highlighted that only a limited number of banks appear adequately positioned to withstand potential shocks.