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Radio France Internationale
Radio France Internationale
National
RFI

BNP Paribas faces €600 million hit over Swiss franc loans

A BNP bank sign is seen in Paris. © AP - Jacques Brinon

Paris, (AFP) – French bank BNP Paribas could pay out 600 million euros after reaching a deal to compensate clients judged to have been deceived over mortgages issued in Swiss francs in 2008 and 2009.

Both BNP Paribas and the CLCV consumer organisation confirmed Tuesday that a deal had been reached to compensate the approximately 4,400 clients who had contracted the mortgages which carried low interest rates.

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