HNB ordered to answer questions about CHF loan conversion

The Franak association of holders of loans denominated in the Swiss franc on Monday made public the ruling by Information Commissioner Anamarija Musa ordering the Croatian National Bank (HNB) to answer the association's questions regarding the conversion of CHF loans.

Franak asked the central bank if it had identified any irregularities in the conversion process and if so which, and if it had taken any action. In February, the HNB refused to answer their questions citing data confidentiality.

The information commissioner ordered the HNB to provide Franak with the requested information, citing the Right to Access Information Act and saying that the public has the right to know what irregularities were identified and that the public interest prevails over possible damage to the interests of the banking system, banks and depositors.

The HNB was given eight days to provide the requested information and cannot appeal the ruling.

Last update: Mon, 25/07/2016 - 13:22

More from Croatia

NME ranks INmusic among most popular world festivals

One of the most prestigious world music magazines, the British NME, has ranked the INmusic Festival among the 12...

8.7% of Croats can't afford a drink/meal with friends/family once a month

8.7% of Croatians aged 16 or over cannot afford to get together with their friends or family for a drink or a meal...

Croatia ranks 49th in ease of paying taxes

Croatia ranks 49th on the list of 189 countries covered by an in-depth analysis of tax systems conducted by PwC and...

Croatia Winter Music Festival, multigaming tournament in Zagreb's Arena during New Year holidays

The Croatia Winter Music Festival will take place in Zagreb from 31 December to 6 January, and the event is expected...

"The House of Batana" in Rovinj added to UNESCO list

The project of the preservation of intangible heritage of Rovinj through the Ecomuseum Casa Della Batana has been...