The Government Is Reviewing Loan Subsidies and Guarantees
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The Financial Services Authority (OJK) reported growth in the insurance, pension fund, and online lending sectors in June 2026, while guarantee company assets fell 3.05% year-on-year.
They will start the process immediately.
The government is reaching out to state loan guarantees, the decision was published in the Hungarian Official Gazette - The level of state risk-taking may decrease.
The goal is to reduce state risk sharing.
The government has announced a comprehensive reform of the system of state subsidies and guarantees related to market lending. The package of measures, signed by Prime Minister Péter Magyar, necessary for drawing down EU funds, aims to reduce state risk-taking, adjust the level of guarantees to the European Union average, and transform the financing practices of the Széchenyi Card program and the Hungarian Development Bank (MFB).
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