The files were submitted by CIB Bank, Magyar Cetelem Bank, and financial institutions CIB Ingatlanlízing, CIB Lízing and UCB Ingatlanhitel, against the Hungarian state.

The files with supplements are several tens of thousands pages long, the statement said. The court has to put the cases on its agenda in eight days and must reach a verdict in 30 days, it added.

A piece of legislation approved by lawmakers in July will require banks to compensate retail borrowers for the use of exchange rate margins and for making unilateral changes to contracts.

Source www.hungarymatters.hu

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