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About 10% of borrowers avail of exchange rate limit scheme so far

Borrowers with foreign currency-denominated loans participating in a temporary exchange rate limit programme opened 48,773 special accounts related to the scheme by the end of August, fresh data published by financial market regulator PSZÁF show.

The number represents about 10% of all borrowers eligible for the scheme. Under the exchange rate limit scheme, borrowers may opt to cap their repayments based on the limit up to five years. The difference between the rate of repayment and market rates is to be placed on a separate account for repayment later. The stock of loans registered for the exchange rate limit scheme came to HUF 478.6 billion at the end of August, almost 15% of the loans of eligible borrowers.