• The Franak association estimated the total compensation for citizens with converted Swiss franc loans at around 700 million euros.
  • The new estimate is lower than the previously estimated 1.2 billion euros, but the association claims it will not threaten the financial system.
  • Banks last year achieved a net profit of 1.43 billion euros, and in the last 10 years a total of 9 billion euros.
  • The association emphasizes that the damage to consumers is unquestionable and that banks must fully compensate the affected.

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