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Takarékbank, the new universal commercial bank of Hungary’s integrated savings cooperatives, launched on Monday with 139 branches in seven of Hungary’s 19 counties as well as the capital.
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The central bank’s Monetary Council kept the bank’s key rate on hold at 0.90% at a monthly policy meeting.
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MKB’s online bank service crashed on Monday, Index reports.
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Hourly labour costs were the fourth lowest in Hungary in 2018 among EU member states after Bulgaria, Romania and Lithuania, according data published by Eurostat.
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Márton Nagy (pictured on top left), deputy governor of the National Bank of Hungary, urged Hungarian banks to improve their efficiency and embrace innovation while boosting lending.
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Hungary’s consumer price index in March rose by an annual 3.7% compared with an increase of 3.1% in February, the Central Statistical Office (KSH) said.
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