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MNB to create new regulations for mortgage financing

MNB

The National Bank of Hungary (MNB) is in the process of drafting new regulations that would oblige banks to finance at least 30% of mortgage lending through issues of mortgage-backed securities as of 2016. 

This move would cause new losses to banks on existing loans and prop up interest rates on new loans. OTP, however, would again feel the pressure less than most its competitors, analysts say.

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