Foreign Currency Loans Decrasing

Businessn.a. ♦ Published: August 17, 2012; 12:55 ♦ (Vindobona)

Foreign currency loans: One quarter of all Erste Bank customers have converted or switched loans with payment vehicles.

Foreign Currency Loans Decrasing / Picture: © SW Umwelttechnik

Since the autumn of 2011, Erste Bank has been recommending customers with Swiss franc loans to convert their loans. In a campaign, borrowers were strongly advised to switch from fluctuating Swiss franc loans to fixed-interest or capped euro loans. The reason was - and still is – to avoid the double risk of interest rate and currency fluctuations.

As a result of one-on-one…