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Bankers happy, debtors aren't with Supreme Court ruling on 'Swiss' loans

ZAGREB, May 14 (Hina) - The Croatian Banking Association (HUB) and the Franak civil society organisation of debtors with loans pegged to the Swiss franc had different remarks to a Supreme Court ruling proclaiming variable interest rates on those loans as unlawful and the currency clause as lawful, with HUB expressing its satisfaction and the Franak association warning that it was the currency clause that was the crux of problems faced by debtors.

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