ADVERTISEMENT

36% of moratorium participants not ready to restart instalments

Banking

Around 36% of retail borrowers participating in Hungary's blanket repayment moratorium still don't know when they can start making installments on their loans again, state news wire MTI reports, citing a survey commissioned by Intrum.

About 47% of the borrowers who responded to the representative survey had participated in the moratorium, while 27% of those participants had already restarted their installments.

The blanket moratorium will end on October 31, after which time participants will be limited to families raising children, pensioners, job-seekers and fostered workers in the period until the end of June 2022.

Around one-third of the respondents to the survey conducted for Intrum by Scale Research said they have enough savings to live off for just one month.

Almost one-fourth said their savings would last for 1-2 months, and one-fifth said they could support themselves independently for 3-5 months.

ADVERTISEMENT

IMF raises Hungary 2021 GDP growth forecast to 7.6% Analysis

IMF raises Hungary 2021 GDP growth forecast to 7.6%

Parliament approves amendment to Competition Act Parliament

Parliament approves amendment to Competition Act

New CEO announced at Codic Hungary Appointments

New CEO announced at Codic Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

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.