Circular of the National Bank of Hungary on maintaining the lending activity of banks

According to a press release published by the National Bank of Hungary on 18 August 2020, the Supervisory Authority called upon the domestic credit and payment institutions to maintain their lending activity in a circular. According to the circular, “the National Bank of Hungary expects that the assessment of debtors’ creditworthiness will not deteriorate due to the moratorium alone, and will therefore not be excluded from lending”.