Ruling would stop further indebtedness

According to the Government Spokesman Bureau’s communication sent to MTI; the government decided on its last year's meeting over the responsible retail lending and credit conditions on regulation.

The regulation aims to help responsible lending, reduce the risks associated with foreign currency loans and make the credit system in Hungary resilient. Financial institutions can only grant credit based on examination of the creditability of their customers.
The Communication states: Hungary and the Hungarian families were affected by the economic crisis very sensitive. Today, almost in every family we can find foreign currency loans. (1 million 700 thousand foreign currency loans in Hungary). As the result of the crisis, foreign exchange rates increased, making difficult situations for families – reports Privatbankar.hu.