The Croatian government and executives of eight banks will sign on Friday a memorandum on alleviating the problems of users of housing loans denominated in Swiss francs.
The Swiss franc hit a record high against the Croatian kuna on Thursday, with the medium exchange rate of one franc for HRK 6.158 on the Croatian National Bank's exchange rate list.
The government on Thursday adopted a draft of the memorandum which Prime Minister Jadranka Kosor said would bind commercial banks to enable in the next two years the extension of the servicing of the loan as well as its shortening, if this is asked by loan users.
The banks will not charge this technical service of changing the time for loan repayment.
Also, public notaries will considerably reduce the charges of their services in those proceedings.
The extension of loan servicing will reduce the amount of the monthly installment, Kosor said, expressing hope that this measure would render the position of loan users more bearable.
