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Hungary: Establishment of MARK to purchase NPLs from Hungarian banks

Description

On 10 February 2016, the European Commission approved the creation of the MARK, a Hungarian asset management company funded by the Hungarian central bank. It is meant to buy off non-performing loans (...

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Intervention Details

Intervention Type

Debt purchase

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

10 Feb 2016

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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