No official word yet on MBSz forex loan plans

History

Though Economy Minister Mihály Varga stated yesterday that the Hungarian Banking Association (MBSz) proposals regarding a relief plan for borrowers of forex-based mortgage loans were a “good starting point,” the association had yet to receive an official government response as of 10am this morning. 

Speaking with news service MTI on Wednesday night, MBSz spokesperson Ágnes Sütő said that, though the association is prepared for further negotiation, another round of talks was not expected to happen today; reports on Tuesday had set Thursday as another meeting date. 

Varga told local media yesterday that a solution would be arrived at by government and financial institutions sharing the burden “in a more or less proportionate way.”

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