The domestic globalist press is already crowing that all those who used both stages of the moratorium will be ruined. Well, Levente Kovács, Secretary General of the Hungarian Bank Association, informed the press that the needy, families and businesses that have suffered significant damage in the coronavirus epidemic will be able to receive additional, targeted assistance.
This is currently being actively discussed between the Ministry of Finance, the Hungarian National Bank (MNB) and other representatives of the government, as well as the banking association.
Mihály Varga indicated in a newspaper interview at the beginning of the week that they are discussing the moratorium on loan payments expiring at the end of June. "The experience is now being collected, and then we will summarize the demand that may arise," said the head of the ministry, who also drew attention to the fact that banks must adhere to extremely strict rules to protect depositors.
represents a risk for 12 percent of corporate loans and - Gergely Fábián spoke about this at an online conference a few days ago.
The executive director of the central bank said: it would be important for the restoration to be targeted after the moratorium; for whom it is justified, gradually return to full repayment. According to the central financial institution, the ratio of non-performing loans, the so-called NPL ratio, is expected to remain in single digits after the lifting of the safety net.
According to January data from the Ministry of Finance, 59 percent of households took advantage of the credit moratorium, 1.6 million out of 2.7 million residential customers. Gábor Gion, the state secretary responsible for financial affairs, spoke about this at the beginning of the year, who also explained that the companies used the moratorium for 42 percent of their total loan portfolio of approximately 10 billion forints, or 4300 billion loans.
!Following the Magyar Hírlap article)
