238 result(s) for banks in Business
Hungarian Banks’ Ten - Month Pre -Tax Profit Up At HUF 86bn
- 10 Jan 2014 8:00 AM
- business
Banks in Hungary had combined pretax profit of 86 billion forints by the end of October, the National Bank of Hungary (NBH) said. Pre-tax profit rose significantly from 21 billion forints in the first ten month a year earlier, but was still historically low. A large part of the ten-month profit was generated by one single bank.
Matolcsy Sees Four Large Banks Leaving Hungary
- 30 Dec 2013 8:00 AM
- business
Four of the eight largest foreign-owned banks in Hungary might leave the country in the next 12 to 18 months, MNB governor György Matolcsy said on Hír TV. Without naming any banks, he said the institutions are not lending and are not helping the Hungarian economy.
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, China Banks Double Credit Line, Sign To Set Up C-Europe Fund
- 26 Nov 2013 3:00 AM
- business
The Hungarian and the Chinese Eximbanks agreed to double a 100-million-euro interbank credit line and signed the deeds to set up a 500-million-dollar investment fund, the Chinese Central and Eastern European Investment Fund, a government press office said.
Banks In Hungary To Pay 9.5 Billion Forint Fine For Cartel
- 21 Nov 2013 8:00 AM
- business
Hungary’s Competition Authority (GVH) has imposed a 9.5 billion forint fine on 11 commercial banks for the operation of an illegal collusion (cartel) during a repayment scheme for foreign currency mortgage-holders two years ago. According to the GVH, the banks cooperated and shared confidential business information between September 2011 and January 2012 to reduce the scale of mortgage repayments.
Matolcsy Sees Room For Further Interest Ratecut In Hungary
- 21 Nov 2013 8:00 AM
- business
There is further room to reduce the central bank’s base rate, the governor of the National Bank of Hungary, György Matolcsy, said. The base interest currently stands at a record low of 3.4%. Matolcsy told a conference on the bank’s credit for growth scheme that almost all central banks started unorthodox policies after the 2008 crisis and the Hungarian government also applied such policies from ...
GVH Slaps Banks In Hungary With Record Fine
- 21 Nov 2013 8:00 AM
- business
The Competition Office (GVH) has fined 11 banks a total of Ft 9.5 billion – the largest penalty ever imposed in Hungary in a cartel case – after finding that the lenders colluded to obstruct access to forint loans for those taking part in the early debt repayment plan for foreign-currency mortgage debtors.
Hungarians Keep Savings In Piggy Banks
- 14 Nov 2013 10:45 AM
- business
An average Hungarian can save approximately 15,000 HUF each month, one in ten cannot save at all, and 29 per cent keep their money at home under the pillow or in their piggy banks.
Hungarian Banks’ Ten - Month Pre -Tax Profit Up At HUF 86bn
- 10 Jan 2014 8:00 AM
- business
Banks in Hungary had combined pretax profit of 86 billion forints by the end of October, the National Bank of Hungary (NBH) said. Pre-tax profit rose significantly from 21 billion forints in the first ten month a year earlier, but was still historically low. A large part of the ten-month profit was generated by one single bank.
Matolcsy Sees Four Large Banks Leaving Hungary
- 30 Dec 2013 8:00 AM
- business
Four of the eight largest foreign-owned banks in Hungary might leave the country in the next 12 to 18 months, MNB governor György Matolcsy said on Hír TV. Without naming any banks, he said the institutions are not lending and are not helping the Hungarian economy.
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, China Banks Double Credit Line, Sign To Set Up C-Europe Fund
- 26 Nov 2013 3:00 AM
- business
The Hungarian and the Chinese Eximbanks agreed to double a 100-million-euro interbank credit line and signed the deeds to set up a 500-million-dollar investment fund, the Chinese Central and Eastern European Investment Fund, a government press office said.
Banks In Hungary To Pay 9.5 Billion Forint Fine For Cartel
- 21 Nov 2013 8:00 AM
- business
Hungary’s Competition Authority (GVH) has imposed a 9.5 billion forint fine on 11 commercial banks for the operation of an illegal collusion (cartel) during a repayment scheme for foreign currency mortgage-holders two years ago. According to the GVH, the banks cooperated and shared confidential business information between September 2011 and January 2012 to reduce the scale of mortgage repayments.
Matolcsy Sees Room For Further Interest Ratecut In Hungary
- 21 Nov 2013 8:00 AM
- business
There is further room to reduce the central bank’s base rate, the governor of the National Bank of Hungary, György Matolcsy, said. The base interest currently stands at a record low of 3.4%. Matolcsy told a conference on the bank’s credit for growth scheme that almost all central banks started unorthodox policies after the 2008 crisis and the Hungarian government also applied such policies from ...
GVH Slaps Banks In Hungary With Record Fine
- 21 Nov 2013 8:00 AM
- business
The Competition Office (GVH) has fined 11 banks a total of Ft 9.5 billion – the largest penalty ever imposed in Hungary in a cartel case – after finding that the lenders colluded to obstruct access to forint loans for those taking part in the early debt repayment plan for foreign-currency mortgage debtors.
Hungarians Keep Savings In Piggy Banks
- 14 Nov 2013 10:45 AM
- business
An average Hungarian can save approximately 15,000 HUF each month, one in ten cannot save at all, and 29 per cent keep their money at home under the pillow or in their piggy banks.