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Nagy Thanks Lenders for Cooperation in Capping Rates

Minister of Economic Development Márton Nagy thanked lenders for their cooperation in implementing voluntary rate caps on new corporate and retail credit from October 9 in a statement issued by his ministry. 

Minister Asks Banks to Introduce Voluntary Rate Caps

Economic Development Minister Márton Nagy has asked lenders to apply voluntary rate caps to new corporate and retail credit from October 9, his ministry said on Tuesday, after a meeting with representatives of the Hungarian Banking Association.

Banks to Draft Lending Recovery Plan

The Hungarian Banking Association agreed to draft a package of measures banks can take to support the recovery of the lending market at a meeting with Minister of Economic Development Márton Nagy, his ministry said in a release on its website this week.

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