The government will honour its agreement with the EBRD in the course of seeking a solution for borrowers with foreign currency-denominated vehicle and personal loans, State Secretary of Economy András Tállai said.
Under the agreement, the government promised to consult with lenders before introducing measures that could burden them. Tállai said a solution for borrowers with FX vehicle and personal loans should involve a written agreement that is acceptable to the Banking Association. The government is counting on the participation of the National Bank of Hungary, too, he added. The ministry has already drafted legislation on such a solution and will present it to the government at the next cabinet meeting, he said. The draft legislation would also apply to FX leases, he added.
At the Bálványosi Summer University in Baile Tusnád on Thursday, Economy Minister Mihály Varga said that the government would offer assistance to borrowers with FX car loans similar to that received by households with FX home loans. Hungarians have more than 200,000 FX vehicle and personal loan contracts valued at almost HUF 300 billion.
