Skip to content
Advertisement

Finance Banking Paid

Banks to convert loans in francs soon

23:37

Banks to convert loans in francs soon
Source: Photo by Alice Pasqual on Unsplash

The problem of Swiss franc loans, which affects many Poles, is becoming worse for the banks themselves. We already know that the strategy of waiting for the situation to resolve itself automatically – which many banks have adopted – has failed. Increasingly frequent court rulings in favor of borrowers and the ruling of the Court of Justice of the European Union make the solution inevitable, which is associated with a loss for banks.

This article is for subscribers

Warsaw Business Journal subscribers get the full archive (12,248 articles going back to 1995) and the print edition.

Subscribe

Or try Poland A.M. free for 7 days, the daily briefing, or see all plans and prices.

Already a subscriber? Sign in · No account? Join now

More from Banking All