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K and H to suspend acceptance of applications for foreign-currency-denominated loans - extended.
(From Hungarian News Agency (MTI))
Budapest, July 3, 2009 (MTI-ECONEWS) - Hungary's K and H Bank announced on Friday that it is suspending acceptance of new applications for retail foreign-currency-denominated loans because current macroeconomic circumstances have placed the long-term repayment capacity of households on such loans in doubt.
K and H said that it is immediately suspending acceptance of foreign-currency-denominated home loans.
K and H added that it intends to introduce new forint-denominated retail credit alternatives to replace foreign-currency-denominated loans.
The bank's stock of retail …
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