"Maintaining the moratorium in the current, wide-ranging form may lead to an increase of consumer protection risks as well as bank credit risks, while a possible narrowing in banks' lending capacity could decelerate the pace of recovery," the central bank and financial market regulator said.
"Accordingly, when extending the payment moratorium, the [MNB] considers it extremely important that the majority of the debtors currently participating in the program restart the repayment of their respective loans, and only those who really need the backstop provided by the moratorium should take the opportunity offered by the extension of the program," it added.
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