Roughly 400 lending institutions have been given the end of February 2015 as the deadline for completing repayments owed to their foreign exchange borrowers. In all, 1.3 million loans were provided, of which 680,000 were foreign exchange loan contracts. Under a formula to be determined by the central bank, around €3bn in repayments are expected to be made. A foreign exchange compensation law is expected to be submitted to parliament this week and passed next week, including a ban on increasing interest rates on such loans until 2016.
