Times getting tougher for Polish banks, BNP Paribas unit says

WARSAW (Reuters) - Business is getting much tougher for banks in Poland, the head of BNP Paribas' subsidiary there said on Wednesday, commenting on a wave of large bond issues and cuts in interest rates to record lows.On Thursday, the central bank cut base rates by 40 basis points to 0.1%, the third in a series of cuts totalling 140 basis points since the coronavirus reached the country in March."The conditions for the banking business have deteriorated dramatically," Przemyslaw Gdanski told a..