Central bank deploys oversight commissioner to Pannoninvest

In Hungary

Photo by Jessica Fejos

The National Bank of Hungary (MNB) yesterday sent an oversight commissioner to Pannoninvest Libra after the central bank suspected the lender of failing to comply fully with the rules on settlement of compensation due under borrowers relief legislation as well as with rules on data provision, Hungarian news agency MTI reported this morning.

(Photo: Jessica Fejos)

According to the central bank, the settlement affects about 200 of Pannoninvestʼs clients. The oversight commission will remain in place from August 12 until recalled, but for no more than one year, MNB added.

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