The CBCG Governor held a meeting with the CEZAP representatives
13/06/2017
The Central Bank of Montenegro Governor, Mr Radoje Žugić, PhD, with his associates, met with representatives of the Consumers Protection Centre of Montenegro (CEZAP) today with the aim of resolving the open issues concerning the implementation of the Law on conversion of loans in Swiss francs (CHF) to euro (EUR).
The CEZAP representatives informed the Governor that the clients are generally satisfied with the Addiko Bank activities related to implementation of the aforementioned law, having a significant number of loans with this Bank already converted. On the other hand, the CEZAP representatives informed the CBCG team about the discontent of clients with treatment of companies „Heta Asset Resolution“ and „B2 Capital“ specifically when it came to interest calculation. This issue occurred due to different interpretation of provisions of the Law on conversion of loans in Swiss francs (CHF) to euro (EUR) and the Law on Contract and Torts.
With the aim of resolving the mentioned issue, it was agreed that, during the court proceedings, the CEZAP team of lawyers address the competent court for receiving opinion on the merits to disputable provisions of the Law mentioned. Once the official opinion is received, the CBCG will take strict care of coherent implementation of provisions against the position of the relevant institution.
As the CBCG did not receive any objection on interest calculation so far, it was also agreed at the meeting today that the CEZAP should sent the objection to this institution on interest calculation for specific agreement on taking over the loan, therefore the CBCG could be in a position, in line with its competences, to closely examine the case and takes its stand toward this issue.
The present ones found the meeting today very important, representing the first step in resolving the open issues concerning the implementation of the Law amending the Law on conversion of loans in Swiss francs (CHF) to euro (EUR), therefore further cooperation was agreed with the aim of protecting clients, which is a primary goal of both CEZAP and CBCG.