OTP could pay HUF 170 bln on borrowers’ relief
Hungary’s OTP Bank expects rebates and refunds due under borrowers’ relief legislation as well as the effect of the conversion of FX mortgages into forints to add up to HUF 170 bln, deputy-CEO László Bencsik said at a press conference today, according to Hungarian news agency MTI.
The deputy-CEO noted that OTP has already awarded clients HUF 111 bln in rebates and refunds. He added that OTP sent 530,000 letters to clients regarding settlement of the rebates and refunds. Fewer than 1% have responded with complaints on the matter.
OTP director Sándor Csányi has again been ranked as the richest man in Hungary, according to a list compiled by business news portal Napi.hu.
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