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 suggested to the government how to respond...

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 Swiss franc-pegged loans into euro-...

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 conversion of the Swiss franc-pegged loans...

Milanovic: Arbitration proceedings launched by banks are void

"The arbitration proceedings banks have been launching at international courts in line with old agreements are void today, judging by what we know, judging by the opinion of the European Court of...

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 retained profit in 2012.

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.

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 reported less solid growth in the fourth...

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

"They are open for talks," Goran Aleksic of Franak told reporters after meeting with Finance Minister Zdravko Maric and Justice Minister Anto Sprlje, adding that they informed the ministers about...

Most banks continue to apply fixed CHF-HRK exchange rate

The first to decide to continue to apply the fixed exchange rate by the end of this March was Raiffeisenbank Austria in December. Hypo bank extended the deadline too, until April 1.


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 a meeting with the association's...

Many CHF loan holders still haven't inked conversion deals

The association said that most of the debtors had not signed valid conversion agreements or annexes to the existing loan agreements, but only declarations on acceptance of the conversion.

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 drop in the gold price.

Current account surplus in Q3 2015 reaches EUR 3.89b

In Q3 2015, the current account surplus rose to 4.7% of GDP from 0.8% in Q4 2014. Central bank analysts estimate that the current account surplus for 2015 could be 4.8% of GDP.

Franak activists block RBA and Hypo Bank offices in central Zagreb

Franak said it was blocking the RBA and HAAB offices because of irregularities in the conversion of CHF loans into euro-denominated loans.

Cenbank orders removal of disputed annex from conversion contracts

Eight commercial banks and four individuals had requested the Constitutional Court to assess the constitutionality of the two laws regulating the conversion.