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Mostar: Court rules against bank for loans pegged to Swiss franc

MOSTAR, June 19 (Hina) - The municipal court in Mostar on Tuesday passed down the first ruling in Bosnia and Herzegovina which says that the Hypo Bank in that country had illegally charged loans pegged to the Swiss franc and that it should have retained the exchange rate valid on the day loan contracts were signed and not on the due date for each installment, the Dnevni Avaz reported on Wednesday, releasing a copy of the ruling.

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