Households Borrow Net HUF 90 bln in May

2024. július 09.

Budapest Business Journal

Households took out net HUF 90 billion of loans in May, monthly data released by the National Bank of Hungary (MNB) on Wednesday show.

New lending contracts included HUF 21 bln of prenatal baby support loans.

The government introduced the unsecured, interest-free, general-purpose prenatal baby support loans up to HUF 10 mln for families having children in the summer of 2019 along with a number of measures designed to address depopulation. The credit is available until the end of 2024, albeit with tighter conditions and a HUF 11 mln threshold.


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