The government introduced the unsecured, interest-free, general-purpose prenatal baby support loans of up to HUF 10 million for families expecting children in July 2019.
The loans are part of a package of family support measures designed to address the problem of depopulation and are available only until the end of 2022.
The prenatal baby support loans accounted for around half of households' net borrowing of HUF 81 bln in October.
Banks' retail loan books reached HUF 9.205 tln at the end of the month as a result. Households made net deposits of HUF 251 bln during the month, lifting the retail deposit stock to HUF 12.33 tln.
Producing journalism that is worthy of the name is a costly business. For over 30 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.
