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Woe the Swiss-Franc Mortgage on Non-Swiss Homes: QuickTake Q&A

2. Which banks sold these mortgages?

Local banks throughout eastern Europe, not just Swiss banks. In Poland, the banking industry pushed nearly all lenders to offer non-zloty home loans, including those in francs. (Among the holdouts are Bank Pekao SA, the country’s second-largest lender, and Alior Bank SA, which was created after the Swiss-loan boom.)

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