The CJEU ruling considers the use of the IRPH index to set the interest rate on mortgage loans to be fully valid.
In light of today’s ruling by the Court of Justice of the European Union (CJEU), the Spanish Banking Association (AEB) and CECA consider that the CJEU confirms that publication in the BOE of the Bank of Spain Circular containing the IRPH calculation formula is sufficient to understand how it works.
Statement regarding the Opinion of the Advocate General of the Court of Justice of the EU on the IRPH
In relation to the Opinion of the Advocate General of the CJEU, made public today, September 10, 2019, regarding a request for a preliminary ruling on a mortgage loan indexed to the IRPH, and without prejudice to the CJEU’s ruling in the coming months, we offer several considerations.