Unfair Clauses in the General Conditions of Eurobank EFG JSC

 In response to the growing social problems of our economy affected by the global financial and economic crisis that led to a significant increase in unemployment and the inability of whole households to pay their consumer credit , the Association for consumer protection undertook a study of the correlation of the General Conditions of several credit institutions with the Consumer Credit Act and the Consumer Protection Act. 

As a result of ascertained unfair terms in the General Conditions of Eurobank EFG JSC and ProCredit Bank Bulgaria JSC, the Association sent a signal to the Commission for Consumer Protection, from where we were informed that they have found a clause about the change of the interest rate of consumer loans already granted which is unfair to the General Conditions of Eurobank EFG Bulgaria JSC as a check has not been completed yet.