WIBOR on docket with Court of Justice of the EU to determine loan installments
17:24
The year 2025 could be pivotal for Polish mortgage borrowers, as the EU Court of Justice (TSUE) will rule on the legality of WIBOR-based loan practices. The case, led by a firefighter, highlights lack of transparency in mortgage agreements, not financial speculation. WIBOR, which determines interest rates on most PLN loans, is based on banks’ estimates rather than actual interbank transactions, a fact many consumers were never clearly informed about.
If TSUE rules that banks misled clients, consequences could mirror the Swiss franc loan crisis: removing WIBOR from contracts, lowering installments, refunds of overpayments, and mass lawsuits. Experts stress that borrowers should review their contracts, seek legal advice, and secure documentation. A verdict is expected in September 2025.
