357 result(s) for banking
Moody’s Places OTP Ratings Under Review For Upgrade
- 19 Mar 2015 8:00 AM
- business
Moody’s Investors Service has placed the long- and short-term local currency deposit ratings of OTP Bank and OTP Mortgage Bank under review for upgrade because of methodological changes, OTP Bank said, citing a release from the ratings agency on Tuesday.
Xpat Opinion: Stop Using Taxes As A Weapon
- 20 Feb 2015 8:00 AM
- business
By Tom Popper, Managing Editor, Budapest Business Journal: It is generally understood that tax cuts are good for business, and can actually increase government revenue by encouraging private-sector activity, which in turn generates more taxable revenue.
Hungary Buys Stake In ERSTE, Pledges Bank Tax Cut
- 13 Feb 2015 8:00 AM
- business
Conservative pundits welcome the government’s decision to temporarily invest in ERSTE Bank Hungary and pledge to take out the surplus bank tax. This, they believe, will help consolidate the banking sector and boost lending. A left-wing commentator doubts that the government will fulfil its promises.
Hungarian Opposition Parties Criticise Erste Purchase
- 12 Feb 2015 11:30 AM
- current affairs
The opposition Socialist, Liberal and green LMP parties have slammed the government for signing a memorandum of understanding under which the state of Hungary would obtain a stake in Erste Bank Hungary. The Socialists said that “the corrupt government’s move” could cost taxpayers hundreds of billions of forints, and asked who would benefit from the deal.
Bank Levy Reduction Could Benefit Hungary Rating
- 12 Feb 2015 8:00 AM
- business
The government’s plan to reduce the bank levy could have a positive impact on Hungary’s sovereign rating, Reuters quoted an analyst for Fitch Ratings as saying. “One key policy would be to reduce this tax on the banking sector and that I think would be positive for our assessment,” Arnaud Louis said.
EBRD: Hungary - Erste Deal To Create Better Environment For Banks
- 11 Feb 2015 8:00 AM
- business
Monday’s memorandum of understanding under which the state of Hungary and the European Bank for Reconstruction and Development (EBRD) will acquire a stake in Erste Bank Hungary could contribute to a “stable and predictable” environment for the banking sector in Hungary, President Suma Chakrabarti, EBRD’s president, said.
Erste Rejects Hungary's Raiffeisen Buyout Rumour
- 5 Feb 2015 8:00 AM
- business
The Austrian owners of both Erste and Raiffeisen banks denied a Tuesday report that Erste Bank would buy the Hungarian subsidiary of Raiffeisen. HVG had cited various sources as saying the negotiations were at an advanced stage under the code name Zeus, and enjoyed government support.
IMF Issues Concluding Statement On Hungary
- 4 Feb 2015 8:01 AM
- current affairs
Hungary’s economy is coming back from the crisis but the road to strong, sustained activity and higher private sector employment is still a long one. Macroeconomic policies have contributed to a welcome reduction in vulnerabilities, strong growth and a reduction in unemployment. But the country remains susceptible to shocks and its medium-term growth prospects are subdued.
Varga: Eliminating Forex Loans In Hungary Has Been Right Decision
- 16 Jan 2015 8:00 AM
- business
The Swiss central bank’s removal of a minimum franc-euro rate has confirmed that the Hungarian government made the right decision of eliminating forex loans from the country’s banking system in 2015, Mihály Varga, the economy minister, told government portal kormany.hu.
Moody’s Places OTP Ratings Under Review For Upgrade
- 19 Mar 2015 8:00 AM
- business
Moody’s Investors Service has placed the long- and short-term local currency deposit ratings of OTP Bank and OTP Mortgage Bank under review for upgrade because of methodological changes, OTP Bank said, citing a release from the ratings agency on Tuesday.
Xpat Opinion: Stop Using Taxes As A Weapon
- 20 Feb 2015 8:00 AM
- business
By Tom Popper, Managing Editor, Budapest Business Journal: It is generally understood that tax cuts are good for business, and can actually increase government revenue by encouraging private-sector activity, which in turn generates more taxable revenue.
Hungary Buys Stake In ERSTE, Pledges Bank Tax Cut
- 13 Feb 2015 8:00 AM
- business
Conservative pundits welcome the government’s decision to temporarily invest in ERSTE Bank Hungary and pledge to take out the surplus bank tax. This, they believe, will help consolidate the banking sector and boost lending. A left-wing commentator doubts that the government will fulfil its promises.
Hungarian Opposition Parties Criticise Erste Purchase
- 12 Feb 2015 11:30 AM
- current affairs
The opposition Socialist, Liberal and green LMP parties have slammed the government for signing a memorandum of understanding under which the state of Hungary would obtain a stake in Erste Bank Hungary. The Socialists said that “the corrupt government’s move” could cost taxpayers hundreds of billions of forints, and asked who would benefit from the deal.
Bank Levy Reduction Could Benefit Hungary Rating
- 12 Feb 2015 8:00 AM
- business
The government’s plan to reduce the bank levy could have a positive impact on Hungary’s sovereign rating, Reuters quoted an analyst for Fitch Ratings as saying. “One key policy would be to reduce this tax on the banking sector and that I think would be positive for our assessment,” Arnaud Louis said.
EBRD: Hungary - Erste Deal To Create Better Environment For Banks
- 11 Feb 2015 8:00 AM
- business
Monday’s memorandum of understanding under which the state of Hungary and the European Bank for Reconstruction and Development (EBRD) will acquire a stake in Erste Bank Hungary could contribute to a “stable and predictable” environment for the banking sector in Hungary, President Suma Chakrabarti, EBRD’s president, said.
Erste Rejects Hungary's Raiffeisen Buyout Rumour
- 5 Feb 2015 8:00 AM
- business
The Austrian owners of both Erste and Raiffeisen banks denied a Tuesday report that Erste Bank would buy the Hungarian subsidiary of Raiffeisen. HVG had cited various sources as saying the negotiations were at an advanced stage under the code name Zeus, and enjoyed government support.
IMF Issues Concluding Statement On Hungary
- 4 Feb 2015 8:01 AM
- current affairs
Hungary’s economy is coming back from the crisis but the road to strong, sustained activity and higher private sector employment is still a long one. Macroeconomic policies have contributed to a welcome reduction in vulnerabilities, strong growth and a reduction in unemployment. But the country remains susceptible to shocks and its medium-term growth prospects are subdued.
Varga: Eliminating Forex Loans In Hungary Has Been Right Decision
- 16 Jan 2015 8:00 AM
- business
The Swiss central bank’s removal of a minimum franc-euro rate has confirmed that the Hungarian government made the right decision of eliminating forex loans from the country’s banking system in 2015, Mihály Varga, the economy minister, told government portal kormany.hu.