Hungarian banks want much narrower loan repayment moratorium
By Reuters Staff 2 Min Read BUDAPEST, May 12 (Reuters) - The Hungarian Bank Association is in talks with the government about the future of a loan repayment moratorium which expires at the end of June, the General Secretary of the body told the national news agency MTI on Wednesday. Levente Kovacs said banks welcomed some form of moratorium targeting the most vulnerable borrowers continuing, although there was no decision yet on how to transition from the current mass scheme, which covers both individuals and businesses. Hungary’s economy went into freefall at the start of the coronavirus p...
Source: reuters.com
