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Below half of retail borrowers still in repayment moratorium

Banking

Less than half of the eligible retail borrowers are still participating in the repayment moratorium, National Bank of Hungary (MNB) spokesman István Binder said, according to a report by state news wire MTI.

Of corporate debtors, around 20,000 have decided to exit the moratorium, he added.

Binder said 1.15 million families and 25,000-30,000 businesses now remain in the moratorium.

There are retail loans of HUF 2.8 trillion-2.9 tln and corporate debt of HUF 1.9 tln affected by the moratorium, he said, adding that MNB hopes that this will soon decline considerably.

A blanket repayment moratorium the government rolled out in the spring of 2020 was recently extended until the end of October while a conditional moratorium for vulnerable borrowers will be available until the end of June 2022.

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