Global Trade Alert
Global Trade Alert

Hungary: Establishment of MARK to purchase NPLs from Hungarian banks

Announcement

10 Feb 2016

In February 2016, the government of Hungary announced a change in private-sector financial support.

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

10 Feb 2016

Revocation date:

No revocation date

Updated: 10 Feb 2016
Debt purchase In force
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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