The regulation states that banks must refund clients, based on the Kúria ruling against the use of different exchange rates for disbursement and repayment of non-forint loans, as well as unilateral changes by banks to loan contracts.

Today is the deadline for banks to file claims with courts that they acted fairly when changing the terms of contracts.

The court on Friday found that the terms and conditions applied by Kéthely és Vidéke were not compliant with the regulation.

The court rejected the lender’s contention that borrowers were consulted and were aware of the changes.

Source: Hungary Around the Clock

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