The government and banks will unveil an agreement on measures to help Hungarians who are having trouble making repayments on their foreign currency-denominated loans early next week, prime minister’s spokesman Peter Szijjártó said on Thursday.
Prime Minister Viktor Orbán will hold one last consultation with the national economy minister after he returns from an official trip abroad, Szijjártó said. The prime minister will participate at the press conference at which the agreement is to be presented, he added.
Orbán is in Paris at celebrations marking the 50th anniversary of the OECD.
On Tuesday, Szijjártó said National Economy Minister György Matolcsy and the chairman of the Hungarian Bank Association would announce the agreement on Thursday, May 26.
The government and banks have been hammering out the assistance plan for months.
Retail borrowers with Swiss franc-based mortgages — more popular than forint mortgages before they were banned — saw their repayments rise as the forint weakened during the crisis, prompting Hungary’s previous government to introduce moratoriums on foreclosures and evictions by lenders. The moratoriums have been extended several times, most recently until July 1, 2011.
Overdue payments on Swiss franc-based loans affected more than 90,000 homes at the end of last year, about a quarter more than the number of homes that were bought and sold during the year, according to MNB experts.
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