129 result(s) for banking in Business
Hungarian Parliament Approves “Fair Banking” Law
- 26 Nov 2014 8:00 AM
- business
Parliament approved a law on “fair banking” and a separate legislation on converting forex loans into home currency. The former establishes strict conditions for unilateral changes to interest rates and fees, as well as requires banks to provide adequate information before loan contracts are signed.
Hungary: EIB Supports SMEs And Municipalities With EUR 100 Million Channelled Through MFB
- 23 Oct 2014 9:00 AM
- business
The European Investment Bank (EIB) has provided a loan of EUR 100 million to MFB Magyar Fejlesztési Bank Zártkörűen Működő Részvénytársaság (MFB - Hungarian Development Bank) to finance small and medium-sized investments and infrastructure projects promoted by SMEs and public sector promoters in Hungary.
Citibank Planning To Leave Hungary
- 15 Oct 2014 9:00 AM
- business
Citibank announced on Tuesday that it will withdraw from the retail banking markets in Hungary and ten other countries around the globe. The sale of these divisions is under way in most of the affected countries and will be completed in 2015 in all of them, the US-based bank group said.
New Era Must Start In Hungarian Banking System After Settlements
- 22 Sep 2014 9:00 AM
- business
After banks have compensated clients for their unfair practices, a new era must begin in the banking system of Hungary, Minister László Trócsányi said on 16th September.
Austria’s Raiffeisen Bank Not Planning To Leave Hungary
- 25 Aug 2014 9:00 AM
- business
Austria’s Raiffeisen Bank International (RBI) may leave Ukraine and Hungary in the future, but there are no specific plans to sell either one of these businesses at the moment, although both are under constant review, RBI’s CEO Karl Sevelda told news agencies, commenting on the group’s results published on Thursday.
Hungary’s Banking Sector Reports Enormous Q2 Losses
- 25 Aug 2014 4:00 AM
- business
Hungary’s banking sector reported enormous losses totaling HUF 361 billion (USD 1.57 billion) in Q2 2014 according to data released by the Hungarian National Bank (MNB) on Friday. This was mainly due to massive provisions against losses to cover the costs of refunding clients for past charges resulting from the currency spread and higher interest rates approved without the client’s consent.
Hungary's Economy Minister Varga Expects To Sell MKB Bank
- 30 Jul 2014 9:00 AM
- business
The government should sell MKB bank after cleaning up its loan portfolio, Economy Minister Mihály Varga told Inforádió on Tuesday.
Minister Varga Brushes Off Concern Banks Would Leave Hungary
- 29 Jul 2014 9:00 AM
- business
Measures to bail out troubled forex loan holders will not put Hungary’s banking system at risk, the economy minister said in an interview published in Monday’s business daily Világgazdaság. Banks in Hungary do not have the slightest intention of pulling out of the country, Mihály Varga said.
Hungarian Government To Buy MKB Bank
- 25 Jul 2014 9:00 AM
- business
MKB owner BayernLB has agreed to sell the Hungarian bank to the government for €55 million, it was announced yesterday in Munich and Budapest. As part of the deal, BayernLB will cancel the €270 million debt owed to it by MKB.
Hungarian Parliament Approves “Fair Banking” Law
- 26 Nov 2014 8:00 AM
- business
Parliament approved a law on “fair banking” and a separate legislation on converting forex loans into home currency. The former establishes strict conditions for unilateral changes to interest rates and fees, as well as requires banks to provide adequate information before loan contracts are signed.
Hungary: EIB Supports SMEs And Municipalities With EUR 100 Million Channelled Through MFB
- 23 Oct 2014 9:00 AM
- business
The European Investment Bank (EIB) has provided a loan of EUR 100 million to MFB Magyar Fejlesztési Bank Zártkörűen Működő Részvénytársaság (MFB - Hungarian Development Bank) to finance small and medium-sized investments and infrastructure projects promoted by SMEs and public sector promoters in Hungary.
Citibank Planning To Leave Hungary
- 15 Oct 2014 9:00 AM
- business
Citibank announced on Tuesday that it will withdraw from the retail banking markets in Hungary and ten other countries around the globe. The sale of these divisions is under way in most of the affected countries and will be completed in 2015 in all of them, the US-based bank group said.
New Era Must Start In Hungarian Banking System After Settlements
- 22 Sep 2014 9:00 AM
- business
After banks have compensated clients for their unfair practices, a new era must begin in the banking system of Hungary, Minister László Trócsányi said on 16th September.
Austria’s Raiffeisen Bank Not Planning To Leave Hungary
- 25 Aug 2014 9:00 AM
- business
Austria’s Raiffeisen Bank International (RBI) may leave Ukraine and Hungary in the future, but there are no specific plans to sell either one of these businesses at the moment, although both are under constant review, RBI’s CEO Karl Sevelda told news agencies, commenting on the group’s results published on Thursday.
Hungary’s Banking Sector Reports Enormous Q2 Losses
- 25 Aug 2014 4:00 AM
- business
Hungary’s banking sector reported enormous losses totaling HUF 361 billion (USD 1.57 billion) in Q2 2014 according to data released by the Hungarian National Bank (MNB) on Friday. This was mainly due to massive provisions against losses to cover the costs of refunding clients for past charges resulting from the currency spread and higher interest rates approved without the client’s consent.
Hungary's Economy Minister Varga Expects To Sell MKB Bank
- 30 Jul 2014 9:00 AM
- business
The government should sell MKB bank after cleaning up its loan portfolio, Economy Minister Mihály Varga told Inforádió on Tuesday.
Minister Varga Brushes Off Concern Banks Would Leave Hungary
- 29 Jul 2014 9:00 AM
- business
Measures to bail out troubled forex loan holders will not put Hungary’s banking system at risk, the economy minister said in an interview published in Monday’s business daily Világgazdaság. Banks in Hungary do not have the slightest intention of pulling out of the country, Mihály Varga said.
Hungarian Government To Buy MKB Bank
- 25 Jul 2014 9:00 AM
- business
MKB owner BayernLB has agreed to sell the Hungarian bank to the government for €55 million, it was announced yesterday in Munich and Budapest. As part of the deal, BayernLB will cancel the €270 million debt owed to it by MKB.