IR-News

AUSSENDER



Addiko Bank AG
Ansprechpartner: Addiko Investor Relations Team
Tel.: +43 (0) 50232 2070
E-Mail: investor.relations@addiko.com
pta20191001046
Public disclosure of inside information according to article 17 MAR

Addiko Bank AG: Ruling by the Supreme Court of the Republic of Croatia regarding CHF clauses

Preliminary assessment


Vienna (pta046/01.10.2019/19:05) - The Issuer has published an ad hoc release on 17 September 2019 regarding the Croatian Supreme Court's ruling on the nullity of foreign exchange clauses used in CHF-denominated loans.

After further assessment, the Issuer expects that loan contracts which were not converted into EUR under the Croatian Consumer Credit Act 2015 are potentially affected by the ruling and could become the subject of individual claims for restitution. Addiko is prepared to avail itself of any legal recourse against individual claims filed.

As of the date hereof the management expects a potential provision, in the high single digit million Euro range, to be reflected in the third quarter 2019 financials dependent on the further evolvement of the circumstances.

(end)
emitter: Addiko Bank AG
Wipplingerstraße 34 / 4.OG
1010 Wien
Austria
contact person: Addiko Investor Relations Team
phone: +43 (0) 50232 2070
e-mail: investor.relations@addiko.com
website: www.addiko.com
stock exchanges: official trade in Vienna
ISIN(s): AT000ADDIKO0 (share)
|
|
98.376 Abonnenten
|
193.922 Meldungen
|
80.058 Pressefotos

BUSINESS

25.10.2021 - 06:00 | pressetext.redaktion
22.10.2021 - 18:00 | Schneider Electric GmbH
22.10.2021 - 13:47 | pressetext.redaktion
22.10.2021 - 11:00 | Die Unternehmersoftware est. 1999 GmbH
22.10.2021 - 06:05 | pressetext.redaktion
Top