Q3 2022 Financial Performance Review slide image

Q3 2022 Financial Performance Review

MKB Changes in the legal and regulatory environment Post closing events BANK # Changes 1 2 3 4 5 6 7 80 Corporate interest rate freeze: the interest rate freeze (only for loans already in stock) will also be extended to SME loans. The reference date for interest rates is 28 June. The regulation will enter into force on 15 November (also retroactively) and will be in force until 30 June next year Mortgage loan interest rate freeze: the interest rate freeze will also be extended to mortgage loans with maximum 5-yer interest periods. The measure will enter into force from November and will remain in force until the end of June 2023. Factory Rescue Programme: in the first round, HUF 150 billion will be available for large companies to invest in energy efficiency. Companies can apply if they are expanding their energy supply capacity with a minimum investment of HUF 200 million. A decision was also made to launch a HUF 200 billion Factory Rescue Guarantee and Credit Scheme Széchenyi Card Programme: From 2023, fixed 5% loans will replace the fixed 3.5% loans which will expire at the end of the year as announced by the Government, and will be available for investment, working capital, overdraft, micro, agricultural and tourism loans Bank tax: the Banking Association and the Government are working together to develop a scheme to make the amount of bank tax dependent on lending Széchenyi Card: the SZÉP-card pockets will be abolished, i.e. the amount on the card can be used for accommodation, catering and other purposes without internal limits Retail deposits over HUF 20 million and deposits of institutional investors: the interest paid on HUF denominated sights and term deposits with a maximum 1 year maturity, concluded by 31 March 2023, may not exceed the average auction yield of a discount Treasury bill with a remaining maturity of 3 months Energy-intensive SMEs: from now on, a company is considered energy-intensive if its energy costs reach 2% of turnover in 2021 (previously 3%) 56
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