Brief: Addiko Bank Says Is Currently Analyzing Ruling By Supreme Court Of Croatia Regarding CHF Clauses

Addiko Bank AG

17/09/2019 19:21

Sept 17 (Reuters) - Addiko Bank AG  ADKO.VI :
    * RULING BY SUPREME COURT OF REPUBLIC OF CROATIA REGARDING
CHF
CLAUSES
    * IS CURRENTLY ANALYZING RULING AND IS ASSESSING ANY IMPACT
RELATED THERETO AS WELL AS POSSIBLE LEGAL REMEDIES
    * ADDIKO BANK- CONSUMERS WHO CONCLUDED LOAN AGREEMENTS WITH
CO MAY
HAVE RIGHT TO CLAIM NULLITY OF RESPECTIVE CHF CLAUSE WITH
INDIVIDUALLY FILED DISPUTES
    * CROATIA SUPREME COURT RENDERED RULING IN COLLECTIVE
CONSUMER
PROTECTION CLAIMS AGAINST 8 LARGE BANKS IN CROATIA, INCLUDING
ADDIKO BANK DD
    * ADDIKO BANK- RULING DECIDED THAT CHF CLAUSES USED IN LOAN
AGREEMENTS, LINKING PAYMENTS IN LOCAL CURRENCY TO CHF, ARE NULL
AND VOID

Source text for Eikon:  ID:nPexgVs1ga 
Further company coverage:  ADKO.VI 

 ((Reuters.Briefs@thomsonreuters.com;))