Central Bank releases guidelines for classification of loans under moratorium

MNB

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.

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