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All reports tagged with: "swiss francs"

Alpha Bank Cyprus fined (update)

Alpha Bank Cyprus has been fined a quarter of a million Euros by the Office of Competition and Consumer Protection (CCPS) following its investigation into the company’s business practices.

Swiss francs loan landmark decision

The Cyprus Competition and Consumer Protection Service has ruled that a Swiss francs loan agreement between Alpha Bank Cyprus and two UK residents breaches the unfair terms in consumer contracts law.

Central Bank blasted on FX loans

The Central Bank of Cyprus has been blasted by the Borrowers Association accusing it of not regulating the banks correctly when they were granting loans in Swiss francs and other foreign currencies.

Courts can amend foreign currency loans

Advocate General Niels Wahl of the EU Court of Justice has advised that national courts can force banks to replace unfair contract terms for customers holding foreign-currency loans.

Is Alpha Bank ready to settle all Cyprus property claims

As thousands of British buyers of properties in Cyprus are taking on the banks before their claims are time-barred on 31st December 2013, the Alpha Bank are beginning to settle claims to stem the tide.

Alpha Bank Cyprus sued in England

In what is believed to be one of the largest Collective actions ever taken against a company operating in Cyprus, litigation proceedings are issued against Alpha Bank Cyprus in the Royal Courts of Justice in London.

Court rules eight banks overcharged on loans

A ruling by a Croatian court, which concluded that eight commercial banks had overcharged borrowers, may offer some hope for those who bought property in Cyprus using loans denominated in Swiss Francs.

Alpha Bank Cyprus visited by bailiffs

Bailiffs served warning letters on Alpha Bank Cyprus Ltd on behalf of a law firm representing nearly 400 British nationals who purchased property on the island with loans from the Bank denominated in Swiss Francs.

Protest outside Alpha Bank London

Property buyers who maintain that they were mis-sold Swiss Franc mortgages by the Alpha Bank in Cyprus staged a protest outside the London offices of the bank in Cannon Street last Thursday.

All-party MP group to help property buyers

MPs meeting in London last week with a group of property buyers from the North East of England who are facing legal action by a Cyprus bank have agreed to join an all-party group in efforts to help them.

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