Two banks offer Swiss franc debt holders swap to euros at 2014 rate

Ljubljana, 8 April - As courts continue to grind on the cases of thousands of Swiss franc borrowers who ran into trouble when the Swiss central bank stopped protecting the value of the currency in 2015, the banks NLB and Addiko offered to the socially deprived among them on Monday a swap of their loan balances to euro-denominated debt at the rate from a decade ago.

Swiss francs
Photo: Tamino Petelinšek/STA
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