Swiss franc

Association advises govt how to inform EC of loan conversion

The Franak association of loan-takers said on Thursday the banks suffered no damage in the conversion of loans pegged to Swiss francs into euro loans and...

Coric: HDZ fully supports conversion of CHF loans

The chairman of the Croatian Democratic Union (HDZ) party's Finance Committee, Tomislav Coric, said on Saturday that the HDZ fully supported the conversion of...

FinMin Maric announces talks with banks, his predecessor slams idea

Finance Minister Zdravko Maric has announced the resumption of negotiations with executives of commercial banks operating in Croatia with regard to the...

Milanovic: Arbitration proceedings launched by banks are void

Social Democratic Party (SDP) leader Zoran Milanovic said on Tuesday that arbitration proceedings banks were launching against Croatia before international...

ZABA to offset 2015 loss by retained profit in 2012

The  Zagrebacka Banka (ZABA) general assembly, which is scheduled for 28 April, is expected to decide to cover the loss of 519.1 million kuna by the...

Bad loans account for 16.56 pct of lending in 2015

Of all loans in Croatia in 2015, 16.56 percent were non-performing loans, totalling HRK 45.6 billion, the central bank said on Wednesday. For the first time...

UBS shares plummet despite 79-per cent annual profit rise

Major Swiss bank UBS said Tuesday that its net profit had jumped 79 per cent to 6.2 billion Swiss francs (6.07 billion dollars) last year, but the bank...

CHF loan holders pleased with talks with ministers of finance, justice

Representatives of Franak, an association of Swiss franc loan holders, said on Wednesday that they were pleased with the talks with the new ministers of...

Most banks continue to apply fixed CHF-HRK exchange rate

Most of the eight banks in Croatia which offered Swiss franc loans have extended the duration of a fixed CHF-HRK exchange rate for clients who agreed to a...

CHF loan holders invite PM-designate to meeting

The association of holders of Swiss franc-indexed loans that goes by the name of KREDA on Tuesday proposed that Prime Minister-designate Tihomir Oreskovic hold...

Many CHF loan holders still haven't inked conversion deals

The association of holders of Swiss franc-indexed loans that goes by the name of Kreda warned on Monday that the lion's share of the debtors had not signed...

Strong Swiss currency causes major loss for central bank

The Swiss central bank on Friday reported a loss of 23 billion Swiss francs (22.9 billion dollars) for 2015, due to appreciation of the national currency and a...

Current account surplus in Q3 2015 reaches EUR 3.89b

The surplus on Croatia's current account in the third quarter of 2015 was EUR 3.89 billion, up 38.9 percent on the year, mainly thanks to a good tourism season...

Franak activists block RBA and Hypo Bank offices in central Zagreb

About 30 members of the Franak association, which gathers together people with loans denominated in Swiss francs, blocked the Raiffeisenbank (RBA) office and...

Cenbank orders removal of disputed annex from conversion contracts

The Croatian National Bank (HNB) on Tuesday demanded that commercial lenders remove controversial provisions from an annex of contracts on the conversion of...

Cons. court: Disputed loan conversion laws remain in effect for now

The Constitutional Court has launched the procedure to assess whether the legislation regulating the conversion of the Swiss franc-indexed loans into euros...

Franak: EC establishing situation regarding foreign currency loans

Responding to a complaint by the Croatian association Franak, which gathers holders of loans denominated in the Swiss franc, European Commissioner for Justice...
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