Bank Pocztowy will reimburse its customers in the event of early repayment of all or part of the consumer loans granted between December 18, 2011 and December 31, 2019, the bank informed in a release. This is the result of the decision of the Office of Competition and Consumer Protection.
“The decision does not impose any fines on the bank and is binding, which means that its essence is a quasi-agreement between the President of UOKiK and the entrepreneur” – it was written in the release.
“According to the bank’s current assessment, the provisions established so far for potential loan early repayment obligations (…) are adequate to cover the obligations arising from this commitment decision” – added.
The decision will become final on October 21, 2021.
Refund from Bank Pocztowy
In its 2020 report, Bank Pocztowy reported that it had made additional allowances for customer commission refunds related to historical prepayments of retail loans. In the calculation, the bank included consumer loans fully repaid before the contractual credit end date, granted after the entry into force of the amended Consumer Act, ie after December 18, 2011. At the end of December 2020, the total provision for this purpose amounted to PLN 35.1 million.
Bank Pocztowy announced in Tuesday’s announcement that, in the light of the commitment decision issued by the Office of Competition and Consumer Protection, consumers who concluded consumer loan agreements with the bank: cash loan “Pożyczka na Poczcie”, cash loan “Kredyt Once Dwa” and cash loan “Kredyt Pocztowy” from on December 18, 2011 to December 31, 2019 and made an early full or partial repayment of the said consumer loan, have the option of receiving from the bank a proportionate reimbursement of costs that the borrower was obliged to incur in connection with the concluded consumer loan agreement.
“The amount of the refund is proportional to the period by which the duration of the consumer loan agreement was shortened. The calculation of the above-mentioned amount of the refund will be made using the so-called straight-line method” – it was stated.
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