The loan was issued in Swiss francs
, but the plaintiffs claim that the conversion to another currency was made unbeknownst to them, based on a power of attorney they had concluded with a Cypriot lawyer.
According to Reuters, governor Boris Vujcic, rejected demands for his resignation by holders of loans denominated in Swiss francs
The idea then spread, crossing a fundamental red line that was barely perceptible at the time: the new borrowers were not earning Swiss francs
Overall, this led to a negative impact on the results reported in Swiss francs
African Bank, the failed South African lender with 555 million Swiss francs
($608 million) of debt, said hedges put in place after August saved it from more losses, allowing administrators to continue recovery plans.
Hajduk is one of 60,000 borrowers in Croatia, and many hundreds of thousands across ex-Communist Central and Eastern Europe, who took out home loans denominated in Swiss francs
in the early 2000s, attracted by far lower interest rates than the double-digits offered on mortgages in historically unstable local currencies.
By end 2014, banks approved credits of more than 167 million denars in Swiss francs
or denars with a Swiss franc
clause," the National Bank of the Republic of Macedonia said.
oe=UTF-8&cx=009600113782670949425%3Ahccycyvwf4i&cof=FORID%3A9&ie=UTF-8&q=Credit+Suisse) Credit Suisse made a costly blunder when it paid chief executive Brady Dougan almost 90m Swiss francs
([pounds sterling]62m, $100m, E73m) in 2010.
The Bank's hiatus from such operations ended in 2009, as international investors-seeking safe haven against the ongoing financial storm-moved substantial funds into Swiss francs
1bn Swiss francs
(PS2bn) linked to the restructuring of its investment banking division and a debt-related charge of 863m Swiss francs
(PS574m), UBS said.
025 billion Swiss francs
held directly by them and 158 million held through 'fiduciaries' or wealth managers.
1 billion Swiss francs
for a 10 percent shareholding in Credit Suisse, amounting to an average price of around 41 Swiss francs