March 24, 2020 / 2:23 PM / 17 days ago

Hungary cbank launches new loan facility to boost liquidity

BUDAPEST, March 24 (Reuters) - Hungary’s central bank launched a long-term collateralised loan facility and vaiwed reserve requirements for commercial banks to ease strains in funding markets caused by the coronavirus pandemic, it said on Tuesday.

“The two measures are expected to significantly strengthen banks’ liquidity position. The NBH will hold the first tender of long-term loans on Wednesday,” it said.

Reporting by Gergely Szakacs

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below