Settlement of Swiss franc loans
Ekathimerini.com
Half of Swiss franc borrowers have joined a ministry regulation converting loans to euros with varying 'haircuts' based on income.Summary
The National Economy and Finance Ministry's regulation allows borrowers with Swiss franc debts to convert their loans into euros, applying a 'haircut' of 15% to 50% depending on their income and assets. Approximately 14,000 borrowers fall into favorable categories with 'haircuts' ranging from 20% to 50%. As of the data, 20,625 loans with a balance of 2.5 billion Swiss francs remain with banks, while 17,442 loans totaling 3 billion Swiss francs are managed by servicers. The regulation potentially covers 38,067 loans, including those that are current, settled, or being serviced.
(Source：Ekathimerini.com)