BNP Paribas' main credit subsidiary was condemned on Wednesday to pay 187,500 euros, the maximum fine, and to enormous damages, for having concealed the risks induced by its loans in Swiss francs Helvet Immo, to the detriment of more than 4,600 borrowers.
Read also: BNP Paribas on trial for loans in Swiss francs
BNP Paribas Personal Finance, known in France under the Cetelem brand, has been found " guilty of deceptive marketing practice " and " concealing " this offense for the marketing, in 2008 and 2009, of high-risk loans denominated in Swiss francs but reimbursable in euros. The amounts owed by the bank total in millions of euros.
Read also: Helvet Immo trial: the prosecution refuses to take sides
