Based on a review of market experiences, MNB is making a number of proposals to streamline bank lending and to simplify and speed up credit assessment processes.

Most of the modifications proposed by the Financial Stability Council expand and supplement the exceptions listed in the decree.

In line with digitalisation efforts, electronic verification of the actual value of receivables will be made available to lenders. Provisions for automatic credit facility review processes for revolving loans will be simplified to make financial services more efficient.

In the case of amendments to credit agreements aimed at reducing the term of the loan contracts, if there is no increase in the installments of the customer, the calculation of the income installment ratio does not have to be performed by the lender at the same time as the prepayment of the loan.