238 result(s) for banks in Business
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.
Hungarian Banks File First Reports Challenging Unfairness Of Unilateral Loan Amendment
- 18 Aug 2014 9:00 AM
- business
The Budapest Capital Regional Court has received the first files for legal remedy from banks about the unfairness of unilateral amendment of forex loan contracts, the court’s press department said on Friday.
Moody’s Downgrades Hungary’s Erste, FHB Banks
- 13 Aug 2014 3:00 AM
- business
Moody’s Investors Service downgraded the deposit ratings of Erste Bank Hungary and FHB Mortgage Bank both to B3 from B2 on Tuesday, the ratings agency announced. Moody’s maintained the negative outlook for both banks, citing “increased risk of losses” resulting from recently adopted borrowers’ relief legislation and “ongoing negative pressure on...financial fundamentals”.
Hungarian Banks Disburse HUF 238.7bn In Funding For Growth Scheme
- 6 Aug 2014 9:00 AM
- business
Up to the end of last week, credit institutions participating in the second phase of the Funding for Growth scheme of the National Bank of Hungary concluded contracts for a total amount of 295.2 billion forints in 9,842 transactions with 7,290 enterprises, up from 223.4 billion forints for 5,834 businesses by the end of June, the central bank said on Tuesday.
Capital Raised By HUF 15.4bn At Hungarian Unit Of CIB Bank
- 1 Aug 2014 9:00 AM
- business
Italy’s Intesa Sanpaolo is raising capital at its Hungarian unit, CIB Bank, by 15.4 billion forints (EUR 50m), the lender said on the website of the Budapest Stock Exchange. The raise will take place with the subscription of a single share with a nominal value of 1 forint.
Hungarian Banks Required To Prove Fairness Of FX Contracts
- 31 Jul 2014 11:00 AM
- business
From now on banks will be required to prove that their procedures in forex lending have been straightforward, under a law which took effect last Saturday. Lawsuits initiated by borrowers against their banks before the supreme court passed its decision of legal unity have been suspended.
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.
“Bad Bank” To Be Set Up In Hungary By Autumn
- 24 Jul 2014 4:00 AM
- business
Hungary plans to set up a “bad bank” to isolate lenders’ non-performing loans in the autumn, National Bank of Hungary managing director Márton Nagy told Reuters in an interview published on Thursday.
RTL Klub CEO: We'll Stay In Hungary And Fight
- 22 Jul 2014 9:00 AM
- business
The following story, by Florence La Bruyère, is from the July 18 print edition of the Budapest Business Journal. "If you are just back from a long trek to Nepal and havent watched the evening news on RTL Klub for a month, be prepared for a shock. Where Hungarys largest commercial channel previously concentrated on crime stories and light news, its evening news is now twice as long as it used to ...
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.
Hungarian Banks File First Reports Challenging Unfairness Of Unilateral Loan Amendment
- 18 Aug 2014 9:00 AM
- business
The Budapest Capital Regional Court has received the first files for legal remedy from banks about the unfairness of unilateral amendment of forex loan contracts, the court’s press department said on Friday.
Moody’s Downgrades Hungary’s Erste, FHB Banks
- 13 Aug 2014 3:00 AM
- business
Moody’s Investors Service downgraded the deposit ratings of Erste Bank Hungary and FHB Mortgage Bank both to B3 from B2 on Tuesday, the ratings agency announced. Moody’s maintained the negative outlook for both banks, citing “increased risk of losses” resulting from recently adopted borrowers’ relief legislation and “ongoing negative pressure on...financial fundamentals”.
Hungarian Banks Disburse HUF 238.7bn In Funding For Growth Scheme
- 6 Aug 2014 9:00 AM
- business
Up to the end of last week, credit institutions participating in the second phase of the Funding for Growth scheme of the National Bank of Hungary concluded contracts for a total amount of 295.2 billion forints in 9,842 transactions with 7,290 enterprises, up from 223.4 billion forints for 5,834 businesses by the end of June, the central bank said on Tuesday.
Capital Raised By HUF 15.4bn At Hungarian Unit Of CIB Bank
- 1 Aug 2014 9:00 AM
- business
Italy’s Intesa Sanpaolo is raising capital at its Hungarian unit, CIB Bank, by 15.4 billion forints (EUR 50m), the lender said on the website of the Budapest Stock Exchange. The raise will take place with the subscription of a single share with a nominal value of 1 forint.
Hungarian Banks Required To Prove Fairness Of FX Contracts
- 31 Jul 2014 11:00 AM
- business
From now on banks will be required to prove that their procedures in forex lending have been straightforward, under a law which took effect last Saturday. Lawsuits initiated by borrowers against their banks before the supreme court passed its decision of legal unity have been suspended.
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.
“Bad Bank” To Be Set Up In Hungary By Autumn
- 24 Jul 2014 4:00 AM
- business
Hungary plans to set up a “bad bank” to isolate lenders’ non-performing loans in the autumn, National Bank of Hungary managing director Márton Nagy told Reuters in an interview published on Thursday.
RTL Klub CEO: We'll Stay In Hungary And Fight
- 22 Jul 2014 9:00 AM
- business
The following story, by Florence La Bruyère, is from the July 18 print edition of the Budapest Business Journal. "If you are just back from a long trek to Nepal and havent watched the evening news on RTL Klub for a month, be prepared for a shock. Where Hungarys largest commercial channel previously concentrated on crime stories and light news, its evening news is now twice as long as it used to ...