152 result(s) for banking sector
Fitch Ratings Affirms Hungary At BB+, Outlook Stable
- 10 Jun 2014 9:00 AM
- business
Fitch Ratings on Friday affirmed Hungary’s long-term foreign currency rating at ‘BB+’ with stable outlook, and its local currency rating at ‘BBB ’. Fitch said Hungary’s gross general government debt, at 79.2% of GDP in 2013, was around twice the ‘BB’ and ‘BBB’ medians and remained “Hungary’s key rating weakness”.
Roubini Sees Signs Of State Capitalism In Hungary
- 4 Jun 2014 9:00 AM
- current affairs
The Hungarian government’s policies show signs of state capitalism in certain areas, renowned economist Nouriel Roubini told a conference in Budapest on Tuesday. Roubini mentioned Hungary as an example of state capitalist tendencies in Central and Eastern Europe, where the role of the state increases to the detriment of market-oriented reforms.
Hungarian Banks Face High Costs If Government Expands Rate-Cap Scheme, Says Bank Chief
- 20 May 2014 9:00 AM
- business
Expanding the government scheme to cap the exchange rate for forex mortgage repayments may well be a good solution for troubled debtors but would cost the banking sector dearly, Mihály Patai told the press. Patai, recently re-elected as chairman of Hungary’s Banking Association, said a decision by the Kúria, Hungary’s supreme court, on forex loans expected in the autumn would raise banks’ costs, ...
Hungarian Telekom's CEO Praises Improvement In Hungarian Business Environment - An Interview
- 12 May 2014 9:00 AM
- tech
Although in previous years telecom firms in Hungary were critical of the business environment and the special taxes, Magyar Telekom CEO Christopher Mattheisen has told Magyar Nemzet that telecommunications has developed dynamically in Hungary. He is filled by optimism by the cooperation agreement his company and the Hungarian government have recently signed as that sector and the Hungarian state ...
Hungary’s New Government Faces Growth Challenges - Analysts
- 10 Apr 2014 10:40 AM
- current affairs
Hungary’s re-elected Fidesz government faces structural and growth challenges and will need to patch up its frayed relations with business and banks to boost the economy, London-based emerging markets economists said on Monday.
Hungarian Voters Rejected Hatred Says PM After Election Win
- 10 Apr 2014 10:35 AM
- current affairs
Fidesz has been given a clear mandate to continue its work, Prime Minister Viktor Orbán told an international press conference on Monday. He stated that voters had rejected hatred and leaving the European Union and said yes to the new public administration system, new economic policies and governance by a people's party.
Citi’s Budapest Chief Executive: Eyes On The Bright Side
- 21 Mar 2014 8:00 AM
- business
Even as the finance industry is struggling to fend off the effects of adverse operating conditions in Hungary, Citi’s Budapest business boasts continuing growth. The Budapest Business Journal spoke with the recently appointed chief executive Aftab Ahmed about his impressions of the country’s economy and his expectations of the future.
Hungary’s PM Orbán Vows To Continue With Current Policies
- 20 Mar 2014 8:00 AM
- current affairs
Fidesz will continue with its current policies of changing the ownership structure of the bank sector and lowering energy prices, if it stays in power after April 6, Prime Minister Viktor Orbán told a meeting of the Hungarian Chamber of Commerce and Industry yesterday.
Hungary’s Central Bank Official Hints Bank’s Profits Could Be Higher
- 19 Mar 2014 8:00 AM
- business
Hungarian banks’ profits should be neither too high nor too low in the long term, according to a paper published on the National Bank of Hungary’s website. Banking sector ROE (return on equity) of 10-12% would “best serve the development of the Hungarian economy”, NBH managing director Márton Nagy and director Balázs Vonnák wrote in the paper, titled “The 10 Measures of a Well-Functioning ...
Fitch Ratings Affirms Hungary At BB+, Outlook Stable
- 10 Jun 2014 9:00 AM
- business
Fitch Ratings on Friday affirmed Hungary’s long-term foreign currency rating at ‘BB+’ with stable outlook, and its local currency rating at ‘BBB ’. Fitch said Hungary’s gross general government debt, at 79.2% of GDP in 2013, was around twice the ‘BB’ and ‘BBB’ medians and remained “Hungary’s key rating weakness”.
Roubini Sees Signs Of State Capitalism In Hungary
- 4 Jun 2014 9:00 AM
- current affairs
The Hungarian government’s policies show signs of state capitalism in certain areas, renowned economist Nouriel Roubini told a conference in Budapest on Tuesday. Roubini mentioned Hungary as an example of state capitalist tendencies in Central and Eastern Europe, where the role of the state increases to the detriment of market-oriented reforms.
Hungarian Banks Face High Costs If Government Expands Rate-Cap Scheme, Says Bank Chief
- 20 May 2014 9:00 AM
- business
Expanding the government scheme to cap the exchange rate for forex mortgage repayments may well be a good solution for troubled debtors but would cost the banking sector dearly, Mihály Patai told the press. Patai, recently re-elected as chairman of Hungary’s Banking Association, said a decision by the Kúria, Hungary’s supreme court, on forex loans expected in the autumn would raise banks’ costs, ...
Hungarian Telekom's CEO Praises Improvement In Hungarian Business Environment - An Interview
- 12 May 2014 9:00 AM
- tech
Although in previous years telecom firms in Hungary were critical of the business environment and the special taxes, Magyar Telekom CEO Christopher Mattheisen has told Magyar Nemzet that telecommunications has developed dynamically in Hungary. He is filled by optimism by the cooperation agreement his company and the Hungarian government have recently signed as that sector and the Hungarian state ...
Hungary’s New Government Faces Growth Challenges - Analysts
- 10 Apr 2014 10:40 AM
- current affairs
Hungary’s re-elected Fidesz government faces structural and growth challenges and will need to patch up its frayed relations with business and banks to boost the economy, London-based emerging markets economists said on Monday.
Hungarian Voters Rejected Hatred Says PM After Election Win
- 10 Apr 2014 10:35 AM
- current affairs
Fidesz has been given a clear mandate to continue its work, Prime Minister Viktor Orbán told an international press conference on Monday. He stated that voters had rejected hatred and leaving the European Union and said yes to the new public administration system, new economic policies and governance by a people's party.
Citi’s Budapest Chief Executive: Eyes On The Bright Side
- 21 Mar 2014 8:00 AM
- business
Even as the finance industry is struggling to fend off the effects of adverse operating conditions in Hungary, Citi’s Budapest business boasts continuing growth. The Budapest Business Journal spoke with the recently appointed chief executive Aftab Ahmed about his impressions of the country’s economy and his expectations of the future.
Hungary’s PM Orbán Vows To Continue With Current Policies
- 20 Mar 2014 8:00 AM
- current affairs
Fidesz will continue with its current policies of changing the ownership structure of the bank sector and lowering energy prices, if it stays in power after April 6, Prime Minister Viktor Orbán told a meeting of the Hungarian Chamber of Commerce and Industry yesterday.
Hungary’s Central Bank Official Hints Bank’s Profits Could Be Higher
- 19 Mar 2014 8:00 AM
- business
Hungarian banks’ profits should be neither too high nor too low in the long term, according to a paper published on the National Bank of Hungary’s website. Banking sector ROE (return on equity) of 10-12% would “best serve the development of the Hungarian economy”, NBH managing director Márton Nagy and director Balázs Vonnák wrote in the paper, titled “The 10 Measures of a Well-Functioning ...