Finance Minister Boris Lalovac said on Tuesday that he was surprised by the eagerness of banks that in the annexes of the CHF conversion loan agreement to the Eurosystem placed the disputed provision that in the case of the dissolution of the law in the Constitutional Court these annexes would become negligible and he would also like to speak to the governor of the CNB interest rate history because they are "unacceptable high".
Lalovac said in a statement to journalists before the Croatian National Bank, before meeting with the governor of the CNB Boris Vujčić, thanking the NGOs for summing up irregularities in the conversion contracts themselves.
"Now I will talk to the governor of the CNB and the justice minister. I am surprised by the eagerness of banks because they have a ruling by the Constitutional Court on the clause they have issued, and have the opinion of the Ministry of Finance and the Ministry of Justice. However, regardless of these opinions, their ardor is to say that they are right and that no one in this state exists except their own. I wonder if the bankers will persevere in this ardor, and who knows who makes laws and who interprets laws, "Lalovac said.
The Constitutional Court last week announced that it had initiated a review of the constitutionality of the credit institution law and consumer credit, colloquially called conversion laws, and decided that both the disputed law would be in effect until the final decision.
At the same time, the Constitutional Court did not accept the proposals of the banks to suspend the final decision on the proposals for review of the constitutionality of these laws from the execution of all individual acts and actions taken on the basis of the disputed law.
The Court also published a complete decision to reject the conversion law suspension on its website. In that decision of the Constitutional Court of the Association Franak, the most important part is the one in which "it is decided that the contract annexes signed on the basis of the acceptance of the conversion will not be possible to be retroactively canceled".
Meanwhile, the CNB on Tuesday requested from banks that included provisions on the consequences of an invalid termination or revocation of the Consumer Credit Act to exclude those provisions from the CHF loan conversion agreement annex.
"I will discuss with the governor whether their honesty and the clauses entered into the contracts will be possible for the CNB to be sanctioned by these same banks. They have submitted contracts that are invalid for us because of the disputed annexes. Several days ago bankers assured the public that we are all crazy and they are smart, "said the finance minister.
Erste & Steiermärkische Bank announced on Tuesday that it would, based on the reasoning of the Constitutional Court's ruling of 11. November, published on the 16 court website. November, "adjust the draft of the loan agreement contract that governs the conversion."
The finance minister announced that talks with the governor on interest rate history will be on Tuesday.
"With the governor I would also like to talk about interest rate history. Because these interest rates are unacceptably high by me, by 7 percent, 8, or 9 percent. They today offer citizens interest rates of 6,5 or 7 percent, and also some other citizens, in regular processes, offer interest from 5 or 6 percent, "Lalovac said.
He estimated that all this shows the complete inconsistency of banks and their policies. "I have a feeling that bankers are still trying to hunt in blurry. I will closely coordinate with the governor and see if there are any CNB measures in view of the obvious disrespect of the Consumer Credit Act, "concluded Lalovac.
Namely, the Creditors' Association (Kreda) warned on Tuesday that a number of irregularities had been identified after the number of debtors reported upon the receipt of the conversion calculation proposal.
As the first and the foremost issue, it is impossible to check interest rate movements on eastern loans. From the Loan, they also point to manipulation of interest rates, in the example of Hypo Bank, which at its discretion sends conversion calculations using different interest rates on euro-denominated loans. Some apply interest rates from 6,10 to 6,60 percent, and others from 6,90 to 8,40 percent. With the use of interest rates after the conversion, it is evident that Hypo Bank applies the above mentioned rates, while at the same time today offers a housing loan with an interest rate of 5,60 per cent at the same time, stand out from Krede. Unlike Hypo Bank, Erste Bank applies a floating interest rate on loans that had a fixed interest rate on CHF when converting to the euro, thereby violating the law, pointing out the Kredit.