The Appellate Court in Warsaw finally determined that the contract concluded with the GE Money Bank S.A. (currently Bank BPH S.A.) was invalid from the very beginning and order the bank to return the borrowers all that they had paid to the bank.

The Appellate Court in Warsaw in a case brought by a consumers against Bank BPH S.A., in the judgment of 17^th October 2022 case no. V ACa 1148/22, dismissed the bank’s appeal and finally determined that the contract concluded by the parties was invalid from the very beginning. As a consequence, the judgment of the court of first instance, awarding the clients of Włodarczyk Ziomek & Wojciechowski s.c. return of the benefit not due to the bank in the amount of 247.253,21 PLN and 100.469,53 CHF with the interest for delay and court fees became final and binding. 34 months passed between the filing of the claim and the issuance of the ruling. The judgment is final. As a result, the borrowers were released from the obligation of further paymants  of over CHF 214.000 that is, according to the current NBP exchange rate, approximately PLN 1.056.988,80.