Rozliczenie kredytu mieszkaniowego z niedozwolonymi walutowymi klauzulami indeksacyjnymi

• Authors: Marcin Liberadzki

Title variants

EN

Foreign currency indexed mortgage settlement when contract terms are abusive

Abstracts

EN

This paper deals with how to settle a foreign currency exchange rate indexed mortgage loan between a bank and a consumer if the court declares that the loan agreement has an abusive clause. At present, many consumers in Poland strive to void their contracts on the grounds that they contain an abusive indexation clause, mainly referred to the CHF/PLN exchange rate. The calculations are based on a CHF indexed 30 years mortgage with decreasing monthly installments, starting in 2008. The settlement amount is calculated for two most probable scenarios: 1) the contract is declared void; 2) the contract continues but without the abusive indexation clause. One cannot determine which scenario is definitely better than the other for any party. In the final section of the article the implications for Polish banks are presented.

Keywords

EN

mortgage banking in Poland; foreign currency indexed mortgages; Swiss franc

• Publisher: Kancelaria Sejmu / Chancellery of the Sejm
• Journal: Studia BAS
• Year: 2021
• Issue: 2(66)
• Pages: 173-193

Dates

published

2021

Contributors

author

Marcin Liberadzki

• Szkoła Główna Handlowa w Warszawie

• https://orcid.org/000000018236004X

References

• Auer R.A., Kraenzlin S., Liebeg D., How Do Austrian Banks Fund Their Swiss Franc Exposure?, „Financial Stability Report” 2012, nr 24, s. 54–61.
• Białowolski P., Węziak-Białowolska D., What Does a Swiss Franc Mortgage Cost? The Tale of Polish Trust for Foreign Currency Denominated Mortgages: Implications for Well-Being and Health, „Social Indicators Research” 2017, nr 133, s. 285–301, https://doi.org/10.1007/s11205-016-1363-9.
• Brown M., Peter M., Wehrmüller S., Swiss Franc Lending in Europe, „Aussenwirtschaft” 2009, t. 64, nr 2.
• Jordan T.J., Peytrignet M., Rossi E., Ten Years’ Experience with the Swiss National Bank’s Monetary Policy Strategy, „Swiss Journal of Economics Statistics” 2010, nr 146, s. 9–90, https://doi.org/10.1007/BF03399293.
• Nadžaković E., Hromić B., Monetary Policy of the Swiss National Bank, Exchange Rate of the Swiss Franc and Their Impact on Citizens of Bosnia and Herzegovina, „BH Economics Forum” 2017, nr 8, s. 135–151.
• Ružičić B., Strengthening of the Swiss Franc Through an Example of Housing Loans, Óbuda University Keleti Károly Faculty of Economics, Budapest 2015.

Identifiers

DOI

10.31268/StudiaBAS.2021.22

Biblioteka Nauki

2197278