The Hungarian Banking Association asks borrowers who aren’t distressed to “think through” participation in a six-month extension of the moratorium on loan repayments introduced in the spring to ease the economic impact of the coronavirus crisis, chief secretary Levente Kovács said on Saturday, responding to a query by MTI.
Kovács said borrowers for whom instalments on loans would cause difficulty “should by all means avail of the moratorium”, adding that the purpose of the measure is to give distressed borrowers the time and the assistance they need, while mitigating the negative impact on the economy. “Whoever doesn’t belong to this distressed group, the association asks to think through and compare the possibilities of staying in the moratorium or continuing repayments,” he added.
hungarymatters.hu
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