Franc

NBS makes decision on Swiss franc loans

BELGRADE -- Banks will have to offer their clients the option to convert Swiss franc-indexed housing loans to euro-denominated loans.

This was announced by the National Bank of Serbia (NBS) on Wednesday.

BELGRADE - Banks will have to offer their clients the option to convert Swiss franc-indexed housing loans to euro-denominated loans, the National Bank of Serbia (NBS) has said in a statement.

Credit Europe Bank announced, on Wednesday, the updating, as of the same day, of the Libor index for the retail Swiss franc loans with variable interest rate. As a result of this measure, the interest rate for these loans is reduced.

Photo credit: (c) George CALIN / AGERPRES ARCHIVE

Romania's banking system lost 3.584 billion lei over the first 11 months of 2014, in line with the IFRS standards, according to a presentation by Romania's Central Bank (BNR) Governor Mugur Isarescu, held on Friday in the context of the problems generated by the Swiss franc's appreciation. (1 euro = aprox. 4.45 RON)

Photo credit: (c) GRIGORE POPESCU / AGERPRES FLOW

Central bank has no plans to fix Swiss franc rate

BELGRADE -- The National Bank of Serbia (NBS) does not intend to introduce Swiss franc rate fix, NBS Governor Jorgovanka Tabakovic stated on Monday.

Such a move would cause "immeasurable losses to the banking sector," she said.

BELGRADE - The National Bank of Serbia (NBS) does not intend to introduce Swiss franc rate fix because that would cause immeasurable losses to the banking sector, NBS Governor Jorgovanka Tabakovic stated on Monday.

As Croatia's government wrestles with the crisis facing borrowers with increasingly expensive loans in Swiss francs, the governor of the Croatian national bank, HNB, Boris Vujcic, has warned against trying to convert the loans into loans in the national currency.

"Minimal intervention to solve Swiss franc problem"

DAVOS -- Serbia will act with a minimum state intervention to solve problems related to Swiss franc loans, Serbian Prime Minister Aleksandar Vucic has said.

He made the statement on Thursday, while taking part in the World Economic Forum in Davos, Switzerland.

DAVOS - Serbia will act with a minimum state intervention to solve problems related to Swiss franc loans, Serbian Prime Minister Aleksandar Vucic said during the World Economic Forum Annual Meeting in Davos on Thursday.

A commission within Romania's parliament is to debate a draft personal bankruptcy law next week, designed to help borrowers escape from increasingly expensive loans taken out in Swiss francs.