The substantial rise of the value of Swiss franc compared to euro means higher instalments for Swiss Franc denominated loans repayment. A number of people with such loans complain that they had not been fully informed of the risks, and that they would have problems repaying the instalments.
The central bank Banka Slovenia informed the government that it has warned the bank several times since 2003, and advised them to inform their clients of the risks involved, and to obtain from them written statements on their awareness of the risks.
The government has no knowledge whether banks followed these instructions, and an analysis will be made. It is advised that the consumers should analyse their situation, and establish whether they had been adequately informed of the risks.
The borrower should find a suitable solution with the bank, e.g. early repayment, deferred repayment, or change of the loan from francs to euros. An extension of the repayment term is an option as well, thus reducing annuity, and the burden for the borrower. The government is mainly in favour of change of the loan from francs to euros, as it is always the best for the client to borrow in the same currency as the one he is paid in, Mramor added.
The government therefore has no intention of taking measures in this regard.