The Hungarian Banking Association supports the end of the general repayment moratorium that the government put in place in spring 2020 due to the coronavirus pandemic, Radován Jelasity, the head of the association, noted Tuesday.
The moratorium will continue for vulnerable borrowers, who have until the end of October to notify their banks of their intention to continue participating. According to data the association has, seven out of ten customers could be eligible to stay in the moratorium, but Jelasity believes fewer will actually take advantage of the opportunity, so the number of attendees will drop significantly from November.
Banks will help customers make a responsible decision on participating in the extended moratorium until June 30, 2022, Jelasity said.
General Secretary Levente Kovács said the association called for targeted support as soon as the moratorium was introduced. The Hungarian banking sector has fulfilled its obligations responsibly since the state of emergency was declared, the banks offered the possibility of the moratorium without delay and paid the special bank tax, he added.
Pictured: Radován Jelasity. Photo by Zsolt Czeglédi / MTI