Addiko Bank interprets the decision of the Court of Justice of the EU differently

Information about the ruling of the European Court of Justice on the invalidity of the CHF currency clause, as reported in some media, is completely inaccurate, claims Addiko Bank.

- The European Court of Justice, upon the clients' appeal, considered whether a bank in Romania should have adequately informed clients about the risks of the currency clause, and stated that the Bank should have provided sufficient information to clients. The European Court of Justice left the assessment of whether banks provided adequate information to local courts to determine.

Courts in Bosnia and Herzegovina have already assessed the clients' awareness of the risks of the currency clause when contracting loans with a currency clause, as well as the legality of the currency clause. These issues have also been considered by the Supreme Courts of FBiH and RS in recent years – says Addiko Bank.

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They note that loans with a currency clause are fully permitted by the legal regulations in Bosnia and Herzegovina, which has also been confirmed by the decisions of the highest judicial instances in the country.

- The Swiss Association consciously ignores these facts and constantly mentions the alleged illegality of the currency clause, even justifying it with court rulings from other countries, although domestic legislation, including the highest judicial authorities, has explicitly confirmed the legality of this clause – Addiko Bank adds.