Bulletin: European Court of Justice's Ruling Adds Weight To The Polish Banking Sector's Negative Industry Risk Trend - S&P Global Ratings’ Credit Research

Bulletin: European Court of Justice's Ruling Adds Weight To The Polish Banking Sector's Negative Industry Risk Trend

Bulletin: European Court of Justice's Ruling Adds Weight To The Polish Banking Sector's Negative Industry Risk Trend - S&P Global Ratings’ Credit Research
Bulletin: European Court of Justice's Ruling Adds Weight To The Polish Banking Sector's Negative Industry Risk Trend
Published Oct 10, 2019
3 pages (1543 words) — Published Oct 10, 2019
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Abstract:

FRANKFURT (S&P Global Ratings) Oct. 10, 2019--S&P Global Ratings today said that a recent ruling from the European Court of Justice (ECJ) related to unfair terms in foreign exchange-mortgage loan contracts will contribute to the negative industry risk trend for the Polish banking sector. On Oct. 3, 2019, the ECJ ruled on a case involving a Polish couple against Austrian Raiffeisen Bank International AG , which has a registered branch in Poland (previously, it had a subsidiary), with regard to a contract for a mortgage loan the couple had taken out, specified in Polish zlotys (PLN) but indexed to the Swiss franc (CHF). The case was referred to the ECJ by a Polish court, which had found grounds for determining

  
Report Type:

Bulletin

Issuer
Raiffeisen Bank International AG
GICS
Diversified Banks (40101010)
Sector
Global Issuers, Structured Finance
Country
Austria
Region
Europe, Middle East, Africa
Format:
PDF Adobe Acrobat
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MLA:
S&P Global Ratings’ Credit Research. "Bulletin: European Court of Justice's Ruling Adds Weight To The Polish Banking Sector's Negative Industry Risk Trend" Oct 10, 2019. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-European-Court-of-Justice-s-Ruling-Adds-Weight-To-The-Polish-Banking-Sector-s-Negative-Industry-Risk-Trend-2317090>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: European Court of Justice's Ruling Adds Weight To The Polish Banking Sector's Negative Industry Risk Trend Oct 10, 2019. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-European-Court-of-Justice-s-Ruling-Adds-Weight-To-The-Polish-Banking-Sector-s-Negative-Industry-Risk-Trend-2317090>
  
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