Hungarian national economy minister meets with banking association representatives

National Economy Minister Márton Nagy met with representatives of the Hungarian Banking Association on Tuesday to discuss lenders’ participation in a government stimulus programme.

National economy minister meets representatives

The sides discussed a voluntary 5pc ceiling on home mortgage APRs, facilitating subsidised loans for young Hungarian workers, digitalisation of SZÉP voucher cards, the use of SZÉP card balances for home renovation, technical steps allowing tax-free tipping, efforts to boost SME lending, beefing up property funds to ensure affordable housing, limits on free cash withdrawals and employer housing support, the National Economy Ministry said.

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