Skip to content

NLB's response to the decision of the Constitutional Court to suspend the Law on limitation and distribution of foreign exchange risk between creditors and borrowers concerning loan agreements in Swiss francs

The Constitutional Court of the Republic of Slovenia adopted a decision on 10 March 2022 to suspend in whole the implementation of the Law on limitation and distribution of foreign exchange risk between creditors and borrowers concerning loan agreements in Swiss francs (the Law). The decision has been adopted unanimously. The implementation of the law has been suspended until the final decision of the Constitutional Court on the conformity of the Law with the Constitution. During this time the deadlines set for individual liabilities of banks do not apply.

alt text
“We believe that the Constitutional Court will establish the inconsistency of the Law with the Constitution and annul it in its entirety. In NLB, which together with eight other banks filed an initiative to review the constitutionality of the Law, we have repeatedly emphasized that the Law is unconstitutional in several respects, as it retroactively interferes with valid contractual relations, as well as violates the principles of legal security, equality, the right to private property and to free economic initiative. In addition, the Law is contrary to the EU’s acquis,” commented NLB’s CEO Blaž Brodnjak. 

The Constitutional Court decided to treat this matter absolutely preferentially. Until the final decision of the Constitutional Court on the constitutionality of the Law is made, the NLB will act in accordance with the applicable legislation and courts’ decisions, and will, at the same time, exercise all legal remedies at its disposal. A separate request for the review of the constitutionality of the Law was also submitted by the Bank of Slovenia.

Latest news

These are latest news

NLB Klik is the best mobile and online bank in Slovenia
29.01.2025

NLB Klik is the best mobile and online bank in Slovenia

The digital bank NLB Klik was recognized as the best mobile and online bank in Slovenia in an independent study by E-laborat, which analyzed all the banks in Slovenia. In the category of mobile banking, NLB received 71points, most of all the banks, e...

Read more
NLB Ranks Among Top ESG Performers with Industry and Regional Recognition
23.01.2025

NLB Ranks Among Top ESG Performers with Industry and Regional Recognition

NLB d.d. continues to create better footprints and strengthens its impact in South-eastern Europe, particularly in sustainability. Following its significantly improved ESG Risk Rating of 10.5 from Morningstar Sustainalytics in late 2024, the company ...

Read more
NLB receives TOP Employer certificate once again, this time for the tenth year in a row
16.01.2025

NLB receives TOP Employer certificate once again, this time for the tenth year in a row

The international independent organization Top Employers Institute has once again awarded NLB the prestigious Top Employer Slovenia certificate, marking the tenth consecutive year the company has received this recognition. ...

Read more