Banks Say Time Is Their Friend in Court Fights Over Polish Loans

The longer Polish holders of Swiss franc mortgages hesitate on taking their bank to court over unfair terms in loan agreements, the better for the lenders.

• Polish suitors may only claim back the last 6 to 10 years of installments under local regulations. Given that the peak of granting non-zloty home loans came in 2008, those suing the banks now -- encouraged by a favorable European Union court’s ruling -- are already missing out on one year of potential wins.
• For the lenders, at stake is 225 million zloty ($57 million) a month, which is what they could lose if ...