Kutxabank criticizes the Supreme Court´s ruling on the minimum limit clauses.

The president of Kutxabank, Mario Fernández, has declared that the sentence of the Supreme Court on the minimum limit clauses is “absolutely mistaken”.

The president of Kutxabank, Mario Fernández Fernández has pointed out that only 0,1% of its portfolio of mortgages includes this clause, although its subsidiary CajaSur does have an important “volume” of this type of clauses. In an interview with Cadena Ser he has declared that the ruling makes “some very important legal mistakes”.

Also he has pointed out that this ruling is not “binding” for them, as it only “affects the parties in the proceedings” and therefore they would have “no obligation” to comply with it “immediately”. Mario Fernández has pointed out that in these cases, everything depends on the customer “being informed” when signing the mortgage.

 

Source: Expansión

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