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HUF 77 bln in Green Home Program loans disbursed in Feb

Sustainability

Photo by Singkham / Shutterstock.com

Banks had concluded 2,519 loan transactions worth HUF 77 billion in the National Bank of Hungary's Green Home Program by the end of February, writes profitline.hu. 

The amount could now be more than half the total supply, according to bank sources. The HUF 200 billion central bank framework is running low, so as a precaution, several banks are suspending the acceptance of applications or offering loans for the highly concessional green loan. 

There are places where this option will be closed at the beginning of the week, while other banks are warning that they will only be able to sign a loan application if they are still within the central bank's framework. 

In the case of almost two-thirds of the contracts, the debtors also used state interest subsidies for the loan. On Feb. 28, the value of green loans actually disbursed amounted to HUF 22 billion; most contracts were for properties under construction.

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