The case concerns the recovery of debt under a credit agreement between PrivatBank and an individual.
Main arguments of the court:
1. The bank provided a loan of 218,000 US dollars, but the borrower did not fulfill the obligations to repay the loan.
2. The court recognized that the remuneration for “providing a financial instrument” cannot be collected, as it is not a separate service, but part of the lending process.
3. Expert opinions regarding the amount of debt were critically analyzed by the court, and the most substantiated calculation option was chosen.
The court decided to partially satisfy the bank’s claim and recover 139,412.38 US dollars of debt from the borrower.
