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Swiss Franc loans crisis: BNR estimates losses of EUR 1 bln for banks

January 28, 2015

* The loss was calculated on the basis of the exchange rates used when the loans were contracted The National Bank of Romania (BNR) has estimated an accounting loss of approximately RON 4.3 bln (EUR 950 M) for the 11 commercial banks with CHF-denominated loans in their portfolio if the loans were to be converted [...]

The text of this article has been partially taken from the publication:
http://www.nineoclock.ro/swiss-franc-loans-crisis-bnr-estimates-losses-of-eur-1-bln-for-banks/
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