Erste Bank Hungary announced in August that it would establish its own mortgage bank, after the MNB said it would require lenders to back at least 15% of their net mortgage loans with long-term liabilities from October 1, 2016.
In addition to Erste, K&H Bank has said it will set up a mortgage bank.
At present, the only lenders in Hungary with mortgage banks are OTP, UniCredit and FHB.
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