Franak: HNB must answer all questions relating to CHF loan conversion

The Croatian National Bank (HNB) must provide the Franak association of holders of loans denominated in Swiss francs with information as to which banks violated the law on the conversion of CHF loans as the High Administrative Court has rejected the HNB's application to declare a decision by the Information Commission null and void.

"The rejection of the HNB's application is yet another proof that certain things need to be changed and that the HNB is not doing its job of protecting consumers and against unlawful operations of banks," Goran Aleksic, a member of Parliament and Franak activist, told Hina on Tuesday, adding that a more detailed statement would be made at a press conference on Wednesday.

The HNB confirmed receipt of the High Administrative Court ruling, saying that it would study it closely before making a comment.

Franak complained to Information Commissioner Anamarija Musa about the HNB's decision of February 29 not to answer some of the association's questions concerning the conversion of Swiss franc-denominated loans, saying that the requested information was classified. Musa decided that Franak was entitled to the information requested, ordering the HNB to submit the information. She said that it was "in the interest of the public" to know what irregularities had been found and whether legal action had been taken.

Last update: Tue, 18/10/2016 - 19:10

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