MNB Decree No. 32/2009 - Magyar Nemzeti Bank

commissions recorded among receivables, due but unpaid and not suspended, the “n/a” value
shall be reported for the current and annual interest rates, as well.
The contractual value of new contracts denominated in euro and in CHF and their end-of-month
portfolio shall be converted to forint at the official FX exchange rate announced by the MNB on
the last day of the reference period.
3. Market interest rates and subsidised interest rates
The report must include loans and deposits with market interest rates and subsidised interest
rates as well. In giving interest statistics, the deposit and loan interest rates that the reporting
institution pays for the deposits, or receives on loans are to be reported. If the interest rate paid
or received by the customer differs from the rate that the reporting institution actually pays or
receives, then the interest rate defined for the customer is to be corrected, and the corrected
interest rate is to be included in the report.
In the case of housing loans subsidised by state and granted until 1 July 2009 the following
methods should be followed:
With respect to housing loans, the amount of the assets-side interest rate subsidy shall be added
to the interest rate charged to the customer in the case of facilities subsidised exclusively on the
assets side.
In the case of facilities subsidised exclusively on the assets side and those subsidised on both the
assets and liabilities sides, non-mortgage bank reporting institutions shall perform interest rate
correction in the following manner:
– In the case of used home purchase loans, 40% of the amount of the yield on government
securities with an original agreed maturity that coincides the most closely with the fixed interest
rate period set in the loan agreement, considered as reference yield under Article 12 (3) of
Government Decree 12/2001 (I. 31.) on Housing Subsidies and promulgated for the reporting
period on the website of the Government Debt Management Agency (ÁKK) shall be added to
the interest rate charged to the customer.
– In the case of new-house purchased loans, 60% of the amount of the yield on
government securities defined above shall be added to the interest rate charged to the customer.
Mortgage bank data providers shall adjust the interest rate charged to the customer with the
amount of the assets and liabilities side subsidy received in the reporting month.
Loans extended by non-mortgage bank data providers that they are likely to transfer/sell to
mortgage bank data providers shall qualify as facilities subsidised on the liabilities side.
After October 1 2009 with respect to housing loans, the amount of interest rate subsidy which is
defined by Article 5 (3) and (4) of Government Decree 134/2009 (VI. 23.) on State subsidising of
housing loans of the youth and families with children shall be added to the interest rate charged
to the customer in the case of facilities subsidised.
Subsidised facilities shall be adjusted in the above manner also in the case of the tables showing
new businesses and outstanding amounts.
As regards the products where the entire loan term begins with a discounted interest rate that
later goes up to the normal (not discounted) rate, for the purposes of calculation of the annual
percentage rate of charge the discounted rate shall apply only for the discount term, while the
normal rate known at the time of contracting shall apply for the remaining term.
4. Annualised agreed rate
Calculation examples for the annualised agreed rate as per point 9 of Annex 3 of this Decree are
listed in the technical guidelines available on the official website of the MNB.
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