One in two borrowers with debts in Swiss francs has so far joined the regulation of the National Economy and Finance Ministry, which provides for the conversion of the loan into euros with a “haircut” of the parity from 15 to 50% depending on the income and assets of the debtor.
Of these, approximately 14,000 borrowers are included in the favorable categories of the “haircut,” from 20 to 50%. Based on ministry data, 20,625 loans with a balance of 2.5 billion Swiss francs remain in banks, while 17,442 loans amounting to 3 billion Swiss francs are managed by servicers.
So, the regulation at the time of its adoption potentially concerned 38,067 loans. The arrangement may include current or settled and servicing loans.
