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NBH Guides on Loan Classification Under Moratorium; Min Wage to rise 4%

HUNGARY

LOCAL NEWS

  • NBH outlines in an executive circular detailed guidelines for the classification of loans under the repayment moratorium that "strengthen banking system stability and will not endanger lending capacity."
  • says automatic reclassification of loans under the repayment moratorium as non-performing or restructured is unwarranted, as is related provisioning, if those loans have been in the moratorium for fewer than nine months before the measure's expiration on June 30 - Budapest Business Journal
  • Minimum wage to rise by 4% from Feb. 1. Monthly minimum wage for unskilled workers before tax will rise from 161,000 forints to 167,400, while skilled workers will receive 219,000 forints, up from 210,600
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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