In mid-September, the Supreme Court of Croatia ruled that "the banks violated the collective interests and rights of the loan holders of CHF-denominated loans." Banks had violated clients' rights "by using unfair and harmful contract provisions."
Along with investment and domestic consumption, the real estate sector has been one of the three main drivers of the Russian economy. It is also a sector that has been hit particularly hard by the crisis.
Poland has been growing steadily over the past years, with 3.6 per cent growth in 2015, although some policies of the government, in office since November 2015, have dented investor sentiment and could slow growth, according to an IMF Survey 'Poland: Strong Institutions a Must For Steady Growth'...
Chief of Poland’s financial regulatory (KNF), Andrzej Jakubiak, recently sought to head off concerns that the Polish banking sector is facing rocky times ahead, saying that the system was “stable and money held in Polish banks safe.”