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Forex-based relief proposal presented by MBSz

History

The Hungarian Banking Association (MBSz) presented two proposals on a relief plan for borrowers of forex-based mortgage loans yesterday. MBSz spokesperson Ágnes Sütő explained to MTI that “the proposals involve a combination of converting the FX loans into forints, interest subsidies and an exchange rate limit.”

After this latest round of negotiations between the Hungarian Banking Association (MBSz) and government officials on the forex-based mortgage loan issue, MBSz Chairman Mihály Patai told media that banks may be expected to pay out “several hundred billion forints over a period of several years.” Said Patai, “The main aspect of our proposal was to observe the aspects that the government had requested and [that] monthly repayments should fall drastically…”

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