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28 result(s) for banking sector in Finance

Capital Flight Risk: Banks Raise Red Flag Over New Bill on Foreign Funding in Hungary

Capital Flight Risk: Banks Raise Red Flag Over New Bill on Foreign Funding in Hungary

Banks have warned that the government’s transparency bill on cutting off foreign funding for NGOs, media outlets and others is eroding confidence in the domestic financial system, which could lead to capital flight from the sector.
Why Budapest Stock Exchange's BUX Index Closed at New Historical High

Why Budapest Stock Exchange's BUX Index Closed at New Historical High

  • 15 May 2025 12:59 PM
  • finance
The Budapest Stock Exchange's key stock index, BUX, closed at a new historical high of 95,473.35 points on Wednesday, up 1,340.64 points, or 1.42 percent.
Non-Performing Loans at Hungarian Banks Falls Most in Region

Non-Performing Loans at Hungarian Banks Falls Most in Region

  • 11 Dec 2024 5:30 AM
  • finance
The volume of non-performing loans at Hungarian banks fell by 9.5pc to EUR 4.2bn in the twelve months to the end of June, the largest decline among 17 countries in central, eastern and south-eastern Europe covered in a report by the European Bank for Reconstruction and Development (EBRD).
Top Performance for Environmental, Social & Governance: CIB Bank Awarded ‘Best Bank for ESG’ in Hungary

Top Performance for Environmental, Social & Governance: CIB Bank Awarded ‘Best Bank for ESG’ in Hungary

CIB Bank has been awarded the "Best Bank for ESG" accolade by Euromoney financial magazine, recognizing its leadership in sustainable banking and bank insurance services in Hungary.
Banks in Hungary Deny Enhancing Profits During Wartime

Banks in Hungary Deny Enhancing Profits During Wartime

The Hungarian Banking Association denied on Tuesday that the bank sector had enhanced profits during wartime, insisting it had been among those suffering the economic uncertainties caused by the war and had endured the burdens of various government measures “in a disciplined and cooperative manner”.
S+P Analysts Expect Transfers of Withheld EU Funding to Hungary Soon

S+P Analysts Expect Transfers of Withheld EU Funding to Hungary Soon

S+P Global Ratings has affirmed Hungary’s investment grade rating in spite of the war and the energy crisis caused by sanctions policies, the Finance Ministry said.
Hungary Banking System Stable, Says Central Bank

Hungary Banking System Stable, Says Central Bank

Hungary’s banking system is highly resilient to shocks and the financial institutions are stable even in the face of recent bank crises, the National Bank of Hungary said in a report just published.
No Recession Coming in Hungary, Explains Economy Minister at French Chamber of Commerce Lunch Meeting

No Recession Coming in Hungary, Explains Economy Minister at French Chamber of Commerce Lunch Meeting

The Hungarian government is determined to avoid a recession this year, and its goal is to secure growth of 1.5% this year following a 4.5% growth in 2022, notwithstanding the mounting economic challenges, Márton Nagy, the minister of economic development said on Tuesday, opening a business lunch of the Hungarian-French Chamber of Commerce and Industry.
Earnings Fall 12% in Hungarian Banking Sector, Down to 'Only' HUF 562 Billion

Earnings Fall 12% in Hungarian Banking Sector, Down to 'Only' HUF 562 Billion

Combined after-tax profit of Hungarian banks fell by an annual 12.4% to 562 billion forints in Q1-Q3 as write-downs and provisions weighed, the National Bank of Hungary (NBH) said.
Capital Flight Risk: Banks Raise Red Flag Over New Bill on Foreign Funding in Hungary

Capital Flight Risk: Banks Raise Red Flag Over New Bill on Foreign Funding in Hungary

Banks have warned that the government’s transparency bill on cutting off foreign funding for NGOs, media outlets and others is eroding confidence in the domestic financial system, which could lead to capital flight from the sector.
Why Budapest Stock Exchange's BUX Index Closed at New Historical High

Why Budapest Stock Exchange's BUX Index Closed at New Historical High

  • 15 May 2025 12:59 PM
  • finance
The Budapest Stock Exchange's key stock index, BUX, closed at a new historical high of 95,473.35 points on Wednesday, up 1,340.64 points, or 1.42 percent.
Non-Performing Loans at Hungarian Banks Falls Most in Region

Non-Performing Loans at Hungarian Banks Falls Most in Region

  • 11 Dec 2024 5:30 AM
  • finance
The volume of non-performing loans at Hungarian banks fell by 9.5pc to EUR 4.2bn in the twelve months to the end of June, the largest decline among 17 countries in central, eastern and south-eastern Europe covered in a report by the European Bank for Reconstruction and Development (EBRD).
Top Performance for Environmental, Social & Governance: CIB Bank Awarded ‘Best Bank for ESG’ in Hungary

Top Performance for Environmental, Social & Governance: CIB Bank Awarded ‘Best Bank for ESG’ in Hungary

CIB Bank has been awarded the "Best Bank for ESG" accolade by Euromoney financial magazine, recognizing its leadership in sustainable banking and bank insurance services in Hungary.
Banks in Hungary Deny Enhancing Profits During Wartime

Banks in Hungary Deny Enhancing Profits During Wartime

The Hungarian Banking Association denied on Tuesday that the bank sector had enhanced profits during wartime, insisting it had been among those suffering the economic uncertainties caused by the war and had endured the burdens of various government measures “in a disciplined and cooperative manner”.
S+P Analysts Expect Transfers of Withheld EU Funding to Hungary Soon

S+P Analysts Expect Transfers of Withheld EU Funding to Hungary Soon

S+P Global Ratings has affirmed Hungary’s investment grade rating in spite of the war and the energy crisis caused by sanctions policies, the Finance Ministry said.
Hungary Banking System Stable, Says Central Bank

Hungary Banking System Stable, Says Central Bank

Hungary’s banking system is highly resilient to shocks and the financial institutions are stable even in the face of recent bank crises, the National Bank of Hungary said in a report just published.
No Recession Coming in Hungary, Explains Economy Minister at French Chamber of Commerce Lunch Meeting

No Recession Coming in Hungary, Explains Economy Minister at French Chamber of Commerce Lunch Meeting

The Hungarian government is determined to avoid a recession this year, and its goal is to secure growth of 1.5% this year following a 4.5% growth in 2022, notwithstanding the mounting economic challenges, Márton Nagy, the minister of economic development said on Tuesday, opening a business lunch of the Hungarian-French Chamber of Commerce and Industry.
Earnings Fall 12% in Hungarian Banking Sector, Down to 'Only' HUF 562 Billion

Earnings Fall 12% in Hungarian Banking Sector, Down to 'Only' HUF 562 Billion

Combined after-tax profit of Hungarian banks fell by an annual 12.4% to 562 billion forints in Q1-Q3 as write-downs and provisions weighed, the National Bank of Hungary (NBH) said.