129 result(s) for banking in Business
State, EBRD Buy 15% Stakes In Erste Bank Hungary
- 22 Jun 2016 9:00 AM
- business
The Hungarian state and the European Bank for Reconstruction and Development (EBRD) today finalized acquisition of 15% stakes each in the local unit of Austrian banking group Erste, as per an agreement made in February 2015, Hungarian news agency MTI reported. Hungary reportedly paid HUF 38.9 billion for its 15% stake.
Moody’s: Improved Employment, Higher Real Wages Positive For Banks
- 31 May 2016 9:00 AM
- business
Lower unemployment, higher employment and rising real wages should positively impact Hungary’s banking sector, ratings agency Moody’s said in an analysis. Higher real wages is credit positive for banks because it enhances households’ ability to service their bank loans and will help reduce banks’ nonperforming retail loans.
Finance Minister Varga: Fitch Upgrade Evidence Of Reforms
- 23 May 2016 9:00 AM
- business
An upgrade of Hungary back to investment grade by ratings agency Fitch on Friday is a result of economic reforms the government started in 2010, Economy Minister Mihály Varga said at a press conference on Saturday. The upgrade is evidence that the Hungarian economic restructuring has been a success, that the Hungarian reforms are working, Varga said.
Only 23% Of Young Hungarians Financially Savy
- 17 May 2016 9:00 AM
- business
The percentage of young Hungarians who said they are well-informed on financial matters is 23% among urban youth, 28% among young employees and 12% among students, according to K&H’s first-quarter survey covering people aged between 19 and 29 years.
Half A Million Bank Accounts Wound Up Since Transaction Tax Introduced
- 24 Mar 2016 8:00 AM
- business
Over 520,000 retail bank accounts have been wound up since the introduction of the transaction tax in 2013, business daily Világgazdaság reported. Citing National Bank of Hungary data, the paper said that there were 9.32 million private individual bank accounts at the end of last year, the lowest number since the bank started tracking this kind of data in 2010.
Hungary Rating Not Updated By Moody’s
- 7 Mar 2016 8:00 AM
- business
Moody’s did not update Hungary’s sovereign rating, although it was on its EU sovereign rating calendar on Friday, the ratings agency reported. Moody’s rates Hungary “Ba1”, one notch below investment grade. Analysts told MTI earlier in the week that Moody’s was likely to upgrade Hungary this year, but probably not on Friday.
MNB Releases New Book On Policy
- 23 Feb 2016 8:00 AM
- business
Governor György Matolcsy presented the MNB’s book Competitiveness and Growth on Monday, outlining future directions and policies that will make improved competitiveness sustainable . He said consolidation has been achieved in recent years, and growth has begun, laying a foundation for sustainable growth for the next 15-20 years.
Hungarian Competition Authority Fines Banks USD 13.8 Million
- 13 Jan 2016 8:00 AM
- business
Hungary’s Economic Competition Authority (GVH) has fined the Hungarian Banking Association HUF 4 billion (USD 13.8 million) and the Banker Training Institute HUF 15 million (USD 52,000) for the “unlawful horizontal sharing of information”.
Hungarian State Owned MKB Objects To Media Reports
- 28 Dec 2015 9:00 AM
- business
State-owned MKB bank issued an announcement on Wednesday warning media outlets not to disclose bank secrets. Following EU approval on December 16 of the bank’s consolidation plan, MKB leaders have decided “to focus significantly greater attention on action against those in breach of banking confidentiality to comply with the letter and the spirit of the law,” the bank said.
State, EBRD Buy 15% Stakes In Erste Bank Hungary
- 22 Jun 2016 9:00 AM
- business
The Hungarian state and the European Bank for Reconstruction and Development (EBRD) today finalized acquisition of 15% stakes each in the local unit of Austrian banking group Erste, as per an agreement made in February 2015, Hungarian news agency MTI reported. Hungary reportedly paid HUF 38.9 billion for its 15% stake.
Moody’s: Improved Employment, Higher Real Wages Positive For Banks
- 31 May 2016 9:00 AM
- business
Lower unemployment, higher employment and rising real wages should positively impact Hungary’s banking sector, ratings agency Moody’s said in an analysis. Higher real wages is credit positive for banks because it enhances households’ ability to service their bank loans and will help reduce banks’ nonperforming retail loans.
Finance Minister Varga: Fitch Upgrade Evidence Of Reforms
- 23 May 2016 9:00 AM
- business
An upgrade of Hungary back to investment grade by ratings agency Fitch on Friday is a result of economic reforms the government started in 2010, Economy Minister Mihály Varga said at a press conference on Saturday. The upgrade is evidence that the Hungarian economic restructuring has been a success, that the Hungarian reforms are working, Varga said.
Only 23% Of Young Hungarians Financially Savy
- 17 May 2016 9:00 AM
- business
The percentage of young Hungarians who said they are well-informed on financial matters is 23% among urban youth, 28% among young employees and 12% among students, according to K&H’s first-quarter survey covering people aged between 19 and 29 years.
Half A Million Bank Accounts Wound Up Since Transaction Tax Introduced
- 24 Mar 2016 8:00 AM
- business
Over 520,000 retail bank accounts have been wound up since the introduction of the transaction tax in 2013, business daily Világgazdaság reported. Citing National Bank of Hungary data, the paper said that there were 9.32 million private individual bank accounts at the end of last year, the lowest number since the bank started tracking this kind of data in 2010.
Hungary Rating Not Updated By Moody’s
- 7 Mar 2016 8:00 AM
- business
Moody’s did not update Hungary’s sovereign rating, although it was on its EU sovereign rating calendar on Friday, the ratings agency reported. Moody’s rates Hungary “Ba1”, one notch below investment grade. Analysts told MTI earlier in the week that Moody’s was likely to upgrade Hungary this year, but probably not on Friday.
MNB Releases New Book On Policy
- 23 Feb 2016 8:00 AM
- business
Governor György Matolcsy presented the MNB’s book Competitiveness and Growth on Monday, outlining future directions and policies that will make improved competitiveness sustainable . He said consolidation has been achieved in recent years, and growth has begun, laying a foundation for sustainable growth for the next 15-20 years.
Hungarian Competition Authority Fines Banks USD 13.8 Million
- 13 Jan 2016 8:00 AM
- business
Hungary’s Economic Competition Authority (GVH) has fined the Hungarian Banking Association HUF 4 billion (USD 13.8 million) and the Banker Training Institute HUF 15 million (USD 52,000) for the “unlawful horizontal sharing of information”.
Hungarian State Owned MKB Objects To Media Reports
- 28 Dec 2015 9:00 AM
- business
State-owned MKB bank issued an announcement on Wednesday warning media outlets not to disclose bank secrets. Following EU approval on December 16 of the bank’s consolidation plan, MKB leaders have decided “to focus significantly greater attention on action against those in breach of banking confidentiality to comply with the letter and the spirit of the law,” the bank said.