More than 54,500 borrowers repay FX mortgages in first two months of scheme
Fresh data published by financial market regulator PSZAF show that 54,563 borrowers availed of an early forex mortgage repayment scheme at discounted exchange rates between September 29, when the scheme was launched, and the end of November.
The repayments came to HUF 248.4bn at the scheme’s discounted exchange rate and HUF 338.9bn at current exchange rates. Banks must cover the difference between the two rates.
Banks signed 3,809 forint loan contracts for a combined HUF 18.3bn with clients who used the credit to repay their forex loans.
Borrowers must apply to join the scheme by the end of 2011. They must complete repayment, in full, within 60 days after submission of the application.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.