MNB to scrutinise banks that took up lending-linked IRS
shutterstock
The National Bank of Hungary (MNB) will review banks that bid for an interest rate swap (IRS) linked to lending activity to determine whether they have fulfilled their commitments at the end of February, Hungarian news agency MTI reported the central bank as saying.
The 17 commercial banks that took up the three-year IRS promised to boost their lending to small and medium-sized enterprises (SMEs) by some HUF 200 billion.
The MNB allotted almost HUF 780 bln of the interest rate swaps through tenders last year.
Avg Hourly Pay Rate for Blue-collar Workers Climbs 16% in Q1
Bulgaria's Household Income, Spending Rise 20% in 2023
Job Fair and Career Prep at Corvinus Starts Tomorrow
Spago Budapest Offering Unique Sunday Brunch Experience
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
