Banking assoc supports ending blanket moratorium
Image by Shutterstock.com
The Hungarian Banking Association agrees with and supports ending the blanket moratorium the government rolled out in the spring of 2020 due to the coronavirus pandemic, Radovan Jelasity, the head of the association, said yesterday, according to novekedes.hu.
Those who can should start making their repayments again, as the banks will support customers in taking a responsible decision on participation in the moratorium extended until June 3, 2022, Jelasity said.
The moratorium will continue for vulnerable borrowers, who have until the end of October to notify their banks that they intend to keep participating. According to data available to the banking association, seven out of 10 customers could be eligible to remain in the moratorium, but Jelasity believes that fewer will actually take up the opportunity so the number of participants will fall significantly from November.
General secretary Levente Kovács said the association had called for targeted support when the moratorium was first introduced.
The Hungarian bank sector has fulfilled its obligations responsibly since the state of emergency was declared; banks provided the possibility of the moratorium without delay and paid the special banking tax, he added.
Hungary CPI Drop Acknowledged at IMF/World Bank Spring Meeti...
Hungary to Address Future of Cohesion Policy During EU Presi...
AI may Save Hungarian Healthcare, Says Leading Doctor
Time Out Market to Open in Budapest Next Year
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.
