Court rejects mBank appeal on CHF credits
17:39
The Court dismissed mBank's appeal against a ruling of the District Court for Łódź-Śródmieście in Łódź, which made financial awards in favor of 20 plaintiffs, holders of Swiss franc mortgage contracts with interest rates determined based on financial market parameters.
The bank maintains that these are individual cases combined into one for the purposes of organizational and procedural economy. “The unfavorable judgment in this case does not prejudge in a definitive way the positions of the bank or the borrowers,” mBank stated.
In 2013, customers who took out mBank mortgages in Swiss francs filed a lawsuit against the bank. They challenged clauses that imprecisely defined the ability to change interest rates.
