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Swiss franc loan annulled in Slovenia

In a ruling that could have implications for the Cyprus banks, a Slovenian court has annulled a Swiss Franc loan used to acquire property because the bank failed to advise the customer of the risks.

Swiss Franc mortgages interim judgement

The first Cypriot (interim) judgement has been awarded by the Nicosia District Court in a case that affects many bona fide borrowers who bought property with a loan denominated in 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.

MPs warn banks over Swiss franc loans

MPs in Cyprus have warned the banks that they might pass punitive legislation if they fail to offer households with Swiss franc loans better terms; many borrowers claim they were misled to the real risk involved.

Swiss Franc loans: 80 per cent non-performing

Although Swiss Franc loans declined €274 million in the first half of the year, 80 per cent of the remaining €1,778 million are non-performing according to the head of the Cyprus Central Bank's Supervision Division.

Bill to curb bank usury

A vote on a bill to abolish unfair bank charges, such as a fee to monitor loan transaction history, insurance, added interest rates and other hidden charges, will take place at a plenary session of the Cypriot parliament next week.

Banks more aggressive over CHF loans

Cypriot banks are being more aggressive over Swiss Franc (CHF) loans and continue to serve Writs of Summons on clients at their UK residences for defaulting on their loan repayment obligations.

Bank of Cyprus derisory Swiss Franc loan offer

The Bank of Cyprus is proposing revised settlements to borrowers alleging the mis-selling of Swiss Franc loans, but these are derisory compared to settlements negotiated with other Cypriot banks.

Three banks ready to ease Swiss franc loan burden

Three banks are ready to ease the burden on Swiss franc borrowers by writing off between 10 and 40 per cent of the loan in certain circumstances providing the borrower can show that they cannot repay.

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.

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