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    MNB Amends Requirement for Calculating Loan-to-Value Ratio

    February 15, 2021

    MNB is amending Decree No. 32/2014. (IX. 10.) on the regulation of the debt-service-to-income ratio for installment payments and the loan-to-value ratio (Debt Cap Regulation). The amendment is being made in view of the establishment of the legal background creating the simplification of valuation process. Following this amendment, the market value of real estate can be determined using a statistically based valuation methodology to calculate the loan-to-value ratio. With the amendment, MNB intends to support the simplification of lending processes and strengthen bank digitization and efficiency. The application of statistics-based valuation also reduces the administrative burden of borrowing on the customer side. The amendment to the Debt Cap Regulation will enter into force on the day following its publication in the Hungarian Gazette.

    Effective Date: Gazette+1 Day

    Keywords: Europe, Hungary, Banking, Credit Risk, Loan-to-Value Ratio, Debt Cap Regulation, Regulatory Capital, RRE, CRE, MNB

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