The Court of Arbitration at the Polish Financial Supervision Authority has received 31,500 applications for mediation regarding CHF loans.
Warsaw, November 29, 2022 (ISBnews) – The Mediation Center of the Court of Arbitration at the Polish Financial Supervision Authority (KNF) has received more than 31,500 applications for mediation concerning loans indexed/denominated to a currency other than the Polish currency, the Financial Supervision Authority (KNF) reported.
“Mediations conducted at the Mediation Center of the Court of Arbitration at the KNF, in the majority of cases, end with the development of an agreement that satisfies both sides of the dispute,” the statement reads. – The communiqué reads.
As the Commission explained earlier, the bank presents a settlement proposal to which the bank’s client should respond. The bank’s customer may submit its own proposals for resolving the dispute. All settlement proposals are subject to agreement. The bank customer may ask for clarification of the provisions of the settlement proposal if they are unclear to him. If the participants have worked out an agreement satisfactory to both parties during the mediation, a settlement agreement is concluded, which must be signed by the parties or their attorneys. If no agreement is reached, the mediation is terminated with a mediation protocol stating that the parties have not reached a settlement.
Source: FSA and ISBnews
