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FX mortgage exchange rate limit scheme participation rate could reach 90pc.
(From Hungarian News Agency (MTI))
Budapest, February 21, 2012 (MTI-ECONEWS) - As many as 90pc of Hungarian borrowers with foreign currency-denominated mortgages could join a scheme that caps the exchange rates for repayments, Hungarian Banking Association chief secretary Levente Kovacs said in a radio interview late Monday.
Between 50pc and 90pc of borrowers with the loans could join the scheme, Mr Kovacs said.
Borrowers have until the end of 2012 to join the scheme which runs until the end of June, 2017.
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