Banks warn about harmful consequences of Swiss franc loan bill

Ljubljana – Slovenian banks have come out strongly against a bill the upper chamber of parliament has tabled to help several thousand borrowers who took out loans in Swiss francs at low interest rates while their monthly instalments skyrocketed when the Swiss central bank stopped protecting the value of the currency in 2015. “The banks are preparing a petition to challenge the bill at the Constitutional Court, including a proposal to stay it, because the bill is unimplementable,” SKB Banka executive director Anita Stojčevska said at Monday’s news conference hosted…

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The post Banks warn about harmful consequences of Swiss franc loan bill appeared first on Slovenia Times.