238 result(s) for banks in Business
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”.
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, ...
Lenders Contest NBH Fines For Raising Client Fees In Hungary
- 7 May 2014 9:00 AM
- business
Nine Hungarian lenders, among them Raiffeisen, Erste and FHB, are contesting fines by the National Bank of Hungary levied for illegally raising client fees, business daily Napi Gazdaság says.
Hungarian Banks Pass On Cost Of Transaction Duty To Clients
- 1 Apr 2014 9:00 AM
- business
Hungarian banks have passed on the entire cost of the financial transaction duty to their clients, according to a study by the National Bank of Hungary published on Monday. NBH department chief Lóránt Varga, one of the authors of the study, said banks had incorporated the cost of the transaction duty for bank card payments into higher annual card fees.
Hungary’s Eximbank Signs Deal With Lenders On Renewal Of Export Stimulus Contracts
- 27 Mar 2014 8:00 AM
- business
The Hungarian Export-Import Bank (Eximbank) on Wednesday signed a cooperation agreement with 18 domestic banks on the renewal of refinancing contracts for low-interest loans available under Eximbank’s export stimulus credit programme.
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 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 ...
Foreigners Sold Hungarian Securities Worth HUF 400 Billion In Jan-Feb.
- 6 Mar 2014 9:30 AM
- business
Foreign investors reduced their holdings of forint-denominated Hungarian government securities by 402 billion forints, or 8%, in the first two months of this year, fresh data from Hungary’s government debt management agency ÁKK shows. After moderate net divestments in January, net sales gathered momentum in February, when foreign investors sold net 318 billion forints of the papers. Foreign ...
Orange Chicken – Economic Relations Of Hungary & PR Of China – An In-Depth Analysis
- 3 Mar 2014 8:00 AM
- business
Hungary has signed several bilateral agreements with the PR of China, which it calls the main pillar of its “opening to the East”, but that seems to be a first step rather the much desired boost for the Hungarian economy.
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”.
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, ...
Lenders Contest NBH Fines For Raising Client Fees In Hungary
- 7 May 2014 9:00 AM
- business
Nine Hungarian lenders, among them Raiffeisen, Erste and FHB, are contesting fines by the National Bank of Hungary levied for illegally raising client fees, business daily Napi Gazdaság says.
Hungarian Banks Pass On Cost Of Transaction Duty To Clients
- 1 Apr 2014 9:00 AM
- business
Hungarian banks have passed on the entire cost of the financial transaction duty to their clients, according to a study by the National Bank of Hungary published on Monday. NBH department chief Lóránt Varga, one of the authors of the study, said banks had incorporated the cost of the transaction duty for bank card payments into higher annual card fees.
Hungary’s Eximbank Signs Deal With Lenders On Renewal Of Export Stimulus Contracts
- 27 Mar 2014 8:00 AM
- business
The Hungarian Export-Import Bank (Eximbank) on Wednesday signed a cooperation agreement with 18 domestic banks on the renewal of refinancing contracts for low-interest loans available under Eximbank’s export stimulus credit programme.
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 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 ...
Foreigners Sold Hungarian Securities Worth HUF 400 Billion In Jan-Feb.
- 6 Mar 2014 9:30 AM
- business
Foreign investors reduced their holdings of forint-denominated Hungarian government securities by 402 billion forints, or 8%, in the first two months of this year, fresh data from Hungary’s government debt management agency ÁKK shows. After moderate net divestments in January, net sales gathered momentum in February, when foreign investors sold net 318 billion forints of the papers. Foreign ...
Orange Chicken – Economic Relations Of Hungary & PR Of China – An In-Depth Analysis
- 3 Mar 2014 8:00 AM
- business
Hungary has signed several bilateral agreements with the PR of China, which it calls the main pillar of its “opening to the East”, but that seems to be a first step rather the much desired boost for the Hungarian economy.