HAAB: Conversion into euros in accordance with the deadlines and the Law

"Therefore, we have fulfilled our obligations in terms of deadlines, and we are fully committed to fulfilling all our legal obligations", said Mini business from that bank.
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Hypo Alpe Adria banka, Photo: Vesko Belojević
Hypo Alpe Adria banka, Photo: Vesko Belojević
Disclaimer: The translations are mostly done through AI translator and might not be 100% accurate.
Ažurirano: 06.10.2015. 15:57h

Hypo Alpe Adria Bank (HAAB), in accordance with the deadlines prescribed in the Law on the Conversion of Loans from Swiss Francs to Euros, sent conversion offers to all clients with loans in that currency.

As the representatives of that bank announced, so far more than half of the clients have accepted their offers, and the process of converting their loans and signing new contracts with clients is ongoing.

"Therefore, we have fulfilled our obligations in terms of deadlines, and we are fully committed to fulfilling all our legal obligations", said Mini Business from that bank.

They stated that they appreciate that their clients carefully consider their offer and compare it with other offers on the market, in order to choose the best possible option for themselves.

"That is why, understandably, the conversion process continues, and to a certain extent it has been prolonged," explained HAAB.

They said they are doing everything in their power to support our customers during the conversion, so that the whole process goes smoothly, in the best possible way.

HAAB also pointed out that they offered support to clients in order to understand the calculation methodology by paying the costs of independent experts in the financial profession.

They said that this bank is in intensive communication with the Central Bank of Montenegro and, as they added, they are informing them about all their activities during the conversion process.

The Central Bank, they added, confirmed that HAAB carries out loan conversion in accordance with current regulations.

"Contrary to some accusations, HAAB will have to bear high costs due to the implementation of this law, for the benefit of its clients, whereby the costs will be reflected in our financial reports, which will be published at the end of the third quarter of this year," HABB said.

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