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MNB joined the Energy Efficient Mortgages Pilot Scheme

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The Central Bank of Hungary (MNB) in line with its Green Program has joined the Advisory Council of the Energy Efficient Mortgages Pilot Scheme. The goal of this initiative is to promote energy efficient mortgages with favourable lending conditions to finance energy efficient property purchases and renovations. MNB expects that the cooperation with its international partners and with the domestic banks participating in the project can not only contribute to the development of risk management related to mortgages but also to the decreasing of the energy consumption of Hungarian households and to the mitigation of related greenhouse gas emissions. The whole press release is available here.

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