The Resolution Fund repaid all of its external debt prior to its maturity

On July 23rd 2018, the Resolution Fund of Hungary repaid all of its debt far before the maturity as a result of the successfull resolution of the MKB Bank as well as the great economic performance of its subsidiary, MSZVK Magyar Szanálási Vagyonkezelő Zrt. (the Hungarian Resolution Asset Management Company). The loan that financed the resolution of the MKB Bank had 10 years of original maturity (ending in 2025) and its volume was 45,5 billion HUF and 166,9 million EUR. It was a syndicated loan taken from local credit institutions.

The Resolution Fund of Hungary (Resolution Fund) had taken syndicated loan from the consortium of Erste Bank Hungary Zrt., K&H Bank Zrt., OTP Bank Nyrt. as well as UniCredit Bank Zrt. in the volume of 45,5 billion HUF and 166,9 million EUR on December 12th 2015.

The loan was to facilitate the resolution of MKB Bank in 2015. The Resolution Fund used its exterenal debt to finance its subsidiary, the Hungarian Resolution Asset Management Company in buying and managing. the non-performing loan portfolio separated from MKB Bank during the resolution.

Efficient and effective portfolio management carried out by the Hungarian Resolution Asset Management Company on the separated bad loans resulted early repayment of its debt towards the Resolution Fund. As a result, Resolution Fund was able to repay its snydicated loan prior to tis maturity.

By the early repayment of the syndicated loan, the Resolution Fund avoided the significant burden of further interest and fee payments thus it also helped the Resiolution Fund to comply with the regulation requiring to reach the target level of its liquid assets by 2024 and contributed to the protection of financial stability.

A honlap további használatához a sütik használatát el kell fogadni. További információ

A süti beállítások ennél a honlapnál engedélyezett a legjobb felhasználói élmény érdekében. Amennyiben a beállítás változtatása nélkül kerül sor a honlap használatára, vagy az "Elfogadás" gombra történik kattintás, azzal a felhasználó elfogadja a sütik használatát.

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