Bloomberg News

Hungary Savings Banks Can Help Reduce FX Loan Stock, Szasz Says

October 26, 2011

Oct. 26 (Bloomberg) -- Hungarian savings banks’ capital and liquidity positions would allow them to boost forint lending to replace foreign-currency loans, said Karoly Szasz, head of the country’s financial regulator, according to Portfolio portal.

More than 500 billion forint ($2.3 billion) of foreign- currency loans could be replaced by forint loans as a result of stepped up lending by savings banks, the business news portal said, citing a speech by Szasz today.

To contact the editor responsible for this story: Zoltan Simon at zsimon@bloomberg.net


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