406 result(s) for banking
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 ...
Plans To Phase Out Foreign Currency Loans In Hungary In Coming Years
- 4 Nov 2013 8:00 AM
- current affairs
The Ministry of National Economy is drafting a plan that would see the monthly payments of foreign currency mortgage holders drop by 15-20 percent from 2014 and the loans themselves phased out over the next 3-5 years. Minister of National Economy Mihály Varga told public television on Friday that the plan would parcel up the costs between the banks, the state and, to a lesser degree, the ...
Goodbye Volksbank, Hello Sberbank In Hungary
- 4 Nov 2013 8:00 AM
- business
Volksbank will be renamed Sberbank in Hungary as well. The reason for the change is that the Russian Sberbank acquired 100% of the former VBI (Volksbank International AG) and VB Hungary’s rebranding was scheduled for this year. “Volksbank Hungary will function as Sberbank Hungary from November 1”, reported the bank on its website. The bank also provided an explanation on the renamed and replaced ...
Xpat Opinion: Hungary's Sólyom Airlines Stranded Before Take-Off
- 14 Oct 2013 8:00 AM
- travel
A business daily calls dreamers all those who believed for a moment that the amateurish adventure called Sólyom Airways was viable.Napi Gazdaság asserts that the attempt to set up a new Hungarian air company was doomed to failure from the very start, and that is why the over 70 staff members, mostly former MALÉV employees have to find new jobs after having worked unpaid since September.
Budget 2014: Inflation Projected At 2.4% And Budget Deficit At 2.9% In Hungary
- 23 Sep 2013 1:00 AM
- business
The Ministry for National Economy drafted next year’s budget with a deficit of 2.9 percent and an inflation rate of 2.4 percent, Minister Mihály Varga stated on Sunday. The Minister also disclosed that the Ministry calculated the 2014 Budget without revenues from the advertisement tax and the below 3 percent deficit target will be attainable even without that. “I anticipate only slight ...
Hungary's Minister Enikő Győri Discusses Current EU Affairs In London
- 16 Sep 2013 9:00 AM
- current affairs
Current EU issues including the institutional framework of the planned bank resolution mechanism and the situation of EU employers were in the focus of talks between Hungary's Minister of State in charge of EU affairs, Enikő Győri, and her British counterpart David Lidington on September 12, 2013.
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 ...
Plans To Phase Out Foreign Currency Loans In Hungary In Coming Years
- 4 Nov 2013 8:00 AM
- current affairs
The Ministry of National Economy is drafting a plan that would see the monthly payments of foreign currency mortgage holders drop by 15-20 percent from 2014 and the loans themselves phased out over the next 3-5 years. Minister of National Economy Mihály Varga told public television on Friday that the plan would parcel up the costs between the banks, the state and, to a lesser degree, the ...
Goodbye Volksbank, Hello Sberbank In Hungary
- 4 Nov 2013 8:00 AM
- business
Volksbank will be renamed Sberbank in Hungary as well. The reason for the change is that the Russian Sberbank acquired 100% of the former VBI (Volksbank International AG) and VB Hungary’s rebranding was scheduled for this year. “Volksbank Hungary will function as Sberbank Hungary from November 1”, reported the bank on its website. The bank also provided an explanation on the renamed and replaced ...
Xpat Opinion: Hungary's Sólyom Airlines Stranded Before Take-Off
- 14 Oct 2013 8:00 AM
- travel
A business daily calls dreamers all those who believed for a moment that the amateurish adventure called Sólyom Airways was viable.Napi Gazdaság asserts that the attempt to set up a new Hungarian air company was doomed to failure from the very start, and that is why the over 70 staff members, mostly former MALÉV employees have to find new jobs after having worked unpaid since September.
Budget 2014: Inflation Projected At 2.4% And Budget Deficit At 2.9% In Hungary
- 23 Sep 2013 1:00 AM
- business
The Ministry for National Economy drafted next year’s budget with a deficit of 2.9 percent and an inflation rate of 2.4 percent, Minister Mihály Varga stated on Sunday. The Minister also disclosed that the Ministry calculated the 2014 Budget without revenues from the advertisement tax and the below 3 percent deficit target will be attainable even without that. “I anticipate only slight ...
Hungary's Minister Enikő Győri Discusses Current EU Affairs In London
- 16 Sep 2013 9:00 AM
- current affairs
Current EU issues including the institutional framework of the planned bank resolution mechanism and the situation of EU employers were in the focus of talks between Hungary's Minister of State in charge of EU affairs, Enikő Győri, and her British counterpart David Lidington on September 12, 2013.