Forex-based relief proposal presented by MBSz
The Hungarian Banking Association (MBSz) presented two proposals on a relief plan for borrowers of forex-based mortgage loans yesterday. MBSz spokesperson Ágnes Sütő explained to MTI that “the proposals involve a combination of converting the FX loans into forints, interest subsidies and an exchange rate limit.”
After this latest round of negotiations between the Hungarian Banking Association (MBSz) and government officials on the forex-based mortgage loan issue, MBSz Chairman Mihály Patai told media that banks may be expected to pay out “several hundred billion forints over a period of several years.” Said Patai, “The main aspect of our proposal was to observe the aspects that the government had requested and [that] monthly repayments should fall drastically…”
ÁKK Sells HUF 82.5 bln of Bonds at Auction, Above Plan
EC Puts Hungary 2024 GDP Growth at 2.4%
HU-rizon Program: HUF 8 bln Funding for International Resear...
Inspiring Women at the Focus of Gourmet Fest
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.
