MNB Replaces Hungarian Banking Industry

Politics ♦ Published: December 14, 2013; 19:55 ♦ (Vindobona)

In order to push economic growth rates, Hungary´s National Bank continues to support the subsidized loan program. The support should help to boost the construction of real estate.

MNB Replaces Hungarian Banking Industry / Picture: ©

This year, MBN has decided to provide € 10bn of interest-free loans to commercial lenders. According to the Hungarian government, this measure will help particularly small and medium-sized enterprises. According to Finance Minister György Matolcsy, most new loans will finance new investments. As a result, Matolcsy is optimistic that the easing program will show first positive results…