Banks To Lose RON5B If Forced To Vet Contracts For Possible Abusive Clauses

06.04.2013 By Florentina Dragu

Romanian commercial lenders are likely to incur aggregate losses of some 5 billion lei (over EUR1.1 billion) following the potential implementation of a regulation allowing collective lawsuits against banks over abusive loan contract clauses, according to a survey from the central bank.

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Keywords:: BANKS; , ABUSIVE CLAUSES; , LOSSES

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