Green Finance In Hungary

The Central Bank of Hungary (MNB) is encouraging the banking sector to increase the level of green loans. To this end, significantly reduced capital requirements have been put in place when applying for loans, and green company bonds were introduced in summer 2020 as part of the MNB bond funding for growth scheme. The Hungarian government is now ready to intervene to achieve climate neutrality.

Green lending trends in the banking sector – a breakthrough in Hungary

When it comes to sustainable development goals, Hungary ranks 19^thin Europe. While it faces major challenges in areas, such as affordable and clean energy, climate protection and protection of terrestrial ecosystems, the country's financial system has recently begun to consider issues of environmental sustainability.