Central Bank releases guidelines for classification of loans under moratorium
Image by Jessica Fejos
The National Bank of Hungary (MNB) has outlined in an executive circular detailed guidelines for the classification of loans under the repayment moratorium that "strengthen banking system stability and will not endanger lending capacity."
In line with the stand of the European Banking Authority, the MNB said the automatic reclassification of loans under the repayment moratorium as non-performing or restructured is unwarranted, as is related provisioning, if those loans have been in the moratorium for fewer than nine months before the measure's expiration on June 30.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.