Recent Supreme Court judgment

Arion Bank has completed its preliminary analysis of this week's Supreme Court judgement on case no. 600/2011 which concerned the recalculation of foreign currency loans in accordance with the provisions of Act no. 151/2010.

At the moment it is not certain what precedent the judgment will set with respect to the currency-linked loans which Arion Bank has recalculated. The Bank will inform its customers as soon as its analysis of the effects and implications of the judgment has been completed.

However, Arion Bank would like to state that if the Supreme Court judgment does set a precedent the Bank’s financial position will remain robust and the capital ratio will be approximately 20%; the Financial Supervisory Authority stipulates a minimum 16% capital ratio.