357 result(s) for banking
Erste Wants To Stay In Hungary
- 22 Jan 2014 8:00 AM
- business
Erste Bank wants to continue to remain active in Hungary, Erste Bank Hungary chairman-CEO Radovan Jelasic said at a conference organised by economic research institute GKI on Tuesday. He said the best proof of Erste Bank’s intention to stay in the country was its purchase of private banking portfolios from local peers in the past years.
Hungary Bank Owner Blames Press For Raiffeisen Deal Failure
- 18 Jan 2014 8:00 AM
- business
István Töröcskei blamed in part press reports for the failure of talks between Széchenyi Bank and Raiffeisen Bank International on the purchase of RBI’s business in Hungary, an interview with the Széchenyi Bank owner in Austrian daily Der Standard reveals.
Xpat Opinion: Banking Services In Hungary: Not A Bad Business Afterall?
- 16 Jan 2014 8:00 AM
- business
In 2010, when the Government introduced crisis taxes on banks, the measures met with surprise and shock. Some predicted that the taxes would provoke banks to completely deleverage and leave Hungary. The reaction did not surprise Government officials, however, who responded that if the financial crisis were to deepen in Hungary it would not be due to banks leaving Hungary but because of the high ...
Xpat Opinion: Hungary's Kúria Rules Forex Based Mortgage Loans Valid
- 20 Dec 2013 8:00 AM
- property
A pro-government daily accuses the top court of siding with banks, avoiding relevant questions and undermining public faith in the courts, while the leading opposition daily says the story is far from over and suspects that this resolution is exactly what the government hoped for.
Hungary’s Socialists To Scrap Government’s “Idiotic” Economic Policy
- 19 Dec 2013 8:00 AM
- current affairs
Attila Mesterházy, leader of the opposition Socialist Party, pledged to scrap what he called the Fidesz government’s “idiotic” economic policy and “perverted” social policy if it wins next year’s election.
Quarter Of Hungary Debt In Hands Of European Banks
- 19 Dec 2013 3:00 AM
- business
Just over 25 percent of Hungary’s debt, amounting to 18.489 billion euros, is in the hands of European banks, business daily Napi Gazdaság said. Of 64 banks assessed by the European Banking Authority, 33 held varying amounts of Hungarian bonds at the end of June.
Intesa Sanpaolo Banking Group Remains Faithful To Hungary By Restructuring CIB Bank
- 17 Dec 2013 8:00 AM
- business
The Italian Intesa Sanpaolo banking group stays committed to Hungary, despite its loss-making local subsidiary CIB Bank. Intesa, in a recent interview with Dow Jones news agency, said that it would continue to restructure CIB Bank until it becomes profitable again: “The reorganization has begun and will continue according to the changing market conditions and customer needs.”
Hungary’s Top Court Rules FX Lending Legal
- 17 Dec 2013 8:00 AM
- current affairs
Banks cannot be held responsible for dearer foreign currency mortgages due to changes in the exchange rate, the court said. Hungary’s Supreme Court, the Kúria, ruled on Monday that lending in foreign currency and related contracts are legal, and the client should bear the risks related to exchange rate fluctuations.
Charge-Free Cash Withdrawal Enacted In Hungary
- 14 Nov 2013 10:50 AM
- business
Over the past one year, the costs of banking services have increased significantly and in order to decrease them the National Assembly today adopted an amendment which stipulates the free withdrawal of cash. The amendment on the cutting of financial service fees aims to secure as part of consumer rights the charge-free access to cash withdrawal for up to HUF 150 000 as another measure for easing ...
Erste Wants To Stay In Hungary
- 22 Jan 2014 8:00 AM
- business
Erste Bank wants to continue to remain active in Hungary, Erste Bank Hungary chairman-CEO Radovan Jelasic said at a conference organised by economic research institute GKI on Tuesday. He said the best proof of Erste Bank’s intention to stay in the country was its purchase of private banking portfolios from local peers in the past years.
Hungary Bank Owner Blames Press For Raiffeisen Deal Failure
- 18 Jan 2014 8:00 AM
- business
István Töröcskei blamed in part press reports for the failure of talks between Széchenyi Bank and Raiffeisen Bank International on the purchase of RBI’s business in Hungary, an interview with the Széchenyi Bank owner in Austrian daily Der Standard reveals.
Xpat Opinion: Banking Services In Hungary: Not A Bad Business Afterall?
- 16 Jan 2014 8:00 AM
- business
In 2010, when the Government introduced crisis taxes on banks, the measures met with surprise and shock. Some predicted that the taxes would provoke banks to completely deleverage and leave Hungary. The reaction did not surprise Government officials, however, who responded that if the financial crisis were to deepen in Hungary it would not be due to banks leaving Hungary but because of the high ...
Xpat Opinion: Hungary's Kúria Rules Forex Based Mortgage Loans Valid
- 20 Dec 2013 8:00 AM
- property
A pro-government daily accuses the top court of siding with banks, avoiding relevant questions and undermining public faith in the courts, while the leading opposition daily says the story is far from over and suspects that this resolution is exactly what the government hoped for.
Hungary’s Socialists To Scrap Government’s “Idiotic” Economic Policy
- 19 Dec 2013 8:00 AM
- current affairs
Attila Mesterházy, leader of the opposition Socialist Party, pledged to scrap what he called the Fidesz government’s “idiotic” economic policy and “perverted” social policy if it wins next year’s election.
Quarter Of Hungary Debt In Hands Of European Banks
- 19 Dec 2013 3:00 AM
- business
Just over 25 percent of Hungary’s debt, amounting to 18.489 billion euros, is in the hands of European banks, business daily Napi Gazdaság said. Of 64 banks assessed by the European Banking Authority, 33 held varying amounts of Hungarian bonds at the end of June.
Intesa Sanpaolo Banking Group Remains Faithful To Hungary By Restructuring CIB Bank
- 17 Dec 2013 8:00 AM
- business
The Italian Intesa Sanpaolo banking group stays committed to Hungary, despite its loss-making local subsidiary CIB Bank. Intesa, in a recent interview with Dow Jones news agency, said that it would continue to restructure CIB Bank until it becomes profitable again: “The reorganization has begun and will continue according to the changing market conditions and customer needs.”
Hungary’s Top Court Rules FX Lending Legal
- 17 Dec 2013 8:00 AM
- current affairs
Banks cannot be held responsible for dearer foreign currency mortgages due to changes in the exchange rate, the court said. Hungary’s Supreme Court, the Kúria, ruled on Monday that lending in foreign currency and related contracts are legal, and the client should bear the risks related to exchange rate fluctuations.
Charge-Free Cash Withdrawal Enacted In Hungary
- 14 Nov 2013 10:50 AM
- business
Over the past one year, the costs of banking services have increased significantly and in order to decrease them the National Assembly today adopted an amendment which stipulates the free withdrawal of cash. The amendment on the cutting of financial service fees aims to secure as part of consumer rights the charge-free access to cash withdrawal for up to HUF 150 000 as another measure for easing ...