East Europe's banks face political pressure over Swiss franc loans

April 20, 2015 8:51 AM

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WARSAW/ZAGREB, April 20 (Reuters) - When the Swiss franc surged at the start of the year, there were dire predictions of a wave of debt defaults by the hundreds of thousands of borrowers in eastern Europe who had taken out mortgages in the currency.

Three months on, there is no evidence of a widespread increase in the level of non-performing Swiss franc loans, according to checks by Reuters with banks in the worst-affected countries in the region, and other data.

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