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Franak hails ECJ ruling about loans in Romania, HUB finds it irrelevant for Croatia

Author: Marija Šestan

ZAGREB, Sept 21 (Hina) - Franak, the Croatian association of holders of loans previously indexed to the Swiss franc, on Thursday welcomed the judgement by the EU Court of Justice in the case of Ruxandra Paula Andriciuc and Others against Romanian lender Banca Romaneasc, which ruled that the bank should have clearly warned the borrowers "in plain intelligible language" about risks stemming from lending in foreign currencies.

(Hina) ms

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