826 result(s) for banks
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.
Navracsics Looks To Resolve FX Mortgages In Hungary
- 20 Nov 2013 8:00 AM
- current affairs
Administration and Justice Minister Tibor Navracsics met with leading judicial figures yesterday to discuss the legal uncertainty surrounding mortgages denominated in foreign currencies. The meeting was arranged after Prime Minister Viktor Orbán called for a speedy decision by the Kúria, the nation’s supreme court, in the wake of conflicting lower court rulings in lawsuits brought by borrowers ...
Xpat Opinion: Hungary’s PM Just Announced His Government’s Motto: Glory To God Alone
- 18 Nov 2013 12:00 AM
- current affairs
We all know about Viktor Orbán’s infatuation with the spiritual in the last few years. Maybe I just don’t remember properly, but I can’t recall much piety in his speeches during his first premiership between 1998 and 2002. Today, by contrast, his speeches are teeming with Biblical quotations and Latin religious phrases. And his generosity toward the “established” churches, especially the Catholic ...
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.
Hungary’s National Bank To Sign Ft 6bn Contract For PR
- 14 Nov 2013 8:00 AM
- business
The MNB has invited bids in a Ft 6 billion public procurement tender for communications in what will be the largest contract ever seen in Hungary’s PR sector, the Public Procurement Gazette reveals. The previous record was the Ft 2.5 billion communications contract for the state debt management company in 2011.
Hungary’s National Bank MNB Sees Bank Consolidation Ahead
- 8 Nov 2013 8:00 AM
- business
The three biggest risks facing the bank sector are the tight lending conditions for companies, high household debts and the continuing low profitability of the sector, the MNB writes in its latest Financial Stability Report.
Plans To Phase Out Foreign Currency Loans In Hungary In Coming Years
- 4 Nov 2013 8:00 AM
- current affairs
The Ministry of National Economy is drafting a plan that would see the monthly payments of foreign currency mortgage holders drop by 15-20 percent from 2014 and the loans themselves phased out over the next 3-5 years. Minister of National Economy Mihály Varga told public television on Friday that the plan would parcel up the costs between the banks, the state and, to a lesser degree, the ...
Goodbye Volksbank, Hello Sberbank In Hungary
- 4 Nov 2013 8:00 AM
- business
Volksbank will be renamed Sberbank in Hungary as well. The reason for the change is that the Russian Sberbank acquired 100% of the former VBI (Volksbank International AG) and VB Hungary’s rebranding was scheduled for this year. “Volksbank Hungary will function as Sberbank Hungary from November 1”, reported the bank on its website. The bank also provided an explanation on the renamed and replaced ...
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.
Navracsics Looks To Resolve FX Mortgages In Hungary
- 20 Nov 2013 8:00 AM
- current affairs
Administration and Justice Minister Tibor Navracsics met with leading judicial figures yesterday to discuss the legal uncertainty surrounding mortgages denominated in foreign currencies. The meeting was arranged after Prime Minister Viktor Orbán called for a speedy decision by the Kúria, the nation’s supreme court, in the wake of conflicting lower court rulings in lawsuits brought by borrowers ...
Xpat Opinion: Hungary’s PM Just Announced His Government’s Motto: Glory To God Alone
- 18 Nov 2013 12:00 AM
- current affairs
We all know about Viktor Orbán’s infatuation with the spiritual in the last few years. Maybe I just don’t remember properly, but I can’t recall much piety in his speeches during his first premiership between 1998 and 2002. Today, by contrast, his speeches are teeming with Biblical quotations and Latin religious phrases. And his generosity toward the “established” churches, especially the Catholic ...
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.
Hungary’s National Bank To Sign Ft 6bn Contract For PR
- 14 Nov 2013 8:00 AM
- business
The MNB has invited bids in a Ft 6 billion public procurement tender for communications in what will be the largest contract ever seen in Hungary’s PR sector, the Public Procurement Gazette reveals. The previous record was the Ft 2.5 billion communications contract for the state debt management company in 2011.
Hungary’s National Bank MNB Sees Bank Consolidation Ahead
- 8 Nov 2013 8:00 AM
- business
The three biggest risks facing the bank sector are the tight lending conditions for companies, high household debts and the continuing low profitability of the sector, the MNB writes in its latest Financial Stability Report.
Plans To Phase Out Foreign Currency Loans In Hungary In Coming Years
- 4 Nov 2013 8:00 AM
- current affairs
The Ministry of National Economy is drafting a plan that would see the monthly payments of foreign currency mortgage holders drop by 15-20 percent from 2014 and the loans themselves phased out over the next 3-5 years. Minister of National Economy Mihály Varga told public television on Friday that the plan would parcel up the costs between the banks, the state and, to a lesser degree, the ...
Goodbye Volksbank, Hello Sberbank In Hungary
- 4 Nov 2013 8:00 AM
- business
Volksbank will be renamed Sberbank in Hungary as well. The reason for the change is that the Russian Sberbank acquired 100% of the former VBI (Volksbank International AG) and VB Hungary’s rebranding was scheduled for this year. “Volksbank Hungary will function as Sberbank Hungary from November 1”, reported the bank on its website. The bank also provided an explanation on the renamed and replaced ...