Poland sends shares off a cliff

Josh Martin
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INTRERNATIONAL Personal Finance shares lost over a quarter of their value yesterday after proposed revisions to a credit amendment law in Poland, one of its biggest markets.

The 25.2 per cent plummet to 352.6p was set off by a surprise vote in the Polish parliament to cap non-interest costs on consumer loans, which analysts said could have a “significant detrimental impact” on its profitability in the country.