Preferential capital requirements support green financing
Image by Jessica Fejos
Nine lenders, accounting for 58% of the banking sector balance sheet, have availed of preferential capital requirements for green financing rolled out by the National Bank of Hungary (MNB) earlier in the year, the central bank said.
MNB released part or all of Pillar 2 capital requirements for environmentally sustainable corporate and municipal exposures with the aim of boosting the share of sustainable industries in bank balance sheets.
The bank said the measure has supported HUF 93 bln of outlays for solar park projects as well as the subscription of HUF 40 billion of green corporate bonds.
The central bank noted it would launch a HUF 200 bln green mortgage program for highly energy-efficient homes in October. The scheme could support home purchases by "tens of thousands" of families, it said.
Bamosz Investment Fund NAV Reaches HUF 15.624 tln in March
Hungary Condemns Iranian Attack on Israel
Share of 1st Time Home Buyers Climbs
Tribe Hotel Budapest Stadium Recognized at LIV Hospitality D...
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
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.
