91 result(s) for borrowers
Hungary’s PM: Justice Done For Borrowers
- 15 Sep 2014 9:00 AM
- current affairs
Once banks have been forced to settle with their clients who borrowed in foreign currency, remaining instalments of loans will certainly decrease by one-third on average, the prime minister said in a radio interview. It is unprecedented in the history of Hungary’s economy that the government and parliament has followed “the logic of fairness” and fully screened “an unfair system of financial ...
Hungarian Bill Bans Banks From Raising Fees
- 15 Sep 2014 9:00 AM
- business
Fidesz has submitted a bill to Parliament that will ban banks from unilaterally raising interest rates, costs or fees, caucus leader Antal Rogán told reporters on Friday after the party MPs held their season-opening meeting in Tapolca.
Budapest Court Postpones Decision On FHB Bank Loan Contract Case
- 3 Sep 2014 9:00 AM
- current affairs
The Budapest Municipal Court postponed a ruling on FHB Kereskedelmi Bank’s loan contracts until September 17 at a hearing on Tuesday. The court also rejected the bank’s request to suspend the case and turn to the Constitutional Court and the European Court of Justice on the matter.
Budapest Court Rejects Lender’s Defence Of Contract Changes
- 3 Sep 2014 9:00 AM
- current affairs
The Municipal Court of Budapest rejected EvoBank’s defence of unilateral changes it made to loan contracts in a ruling on Tuesday. The court said the lender’s general contract conditions did not meet transparency requirements. Retail borrowers could not ascertain whether their increased costs were fair, and they could take no steps against the lender if changed circumstances affected them ...
Hungary’s Supreme Court Rejects K&H Bank’s Suspension Request
- 27 Aug 2014 5:00 AM
- business
K&H Bank moved to suspend the court case in which it is defending unilateral changes it made to foreign currency borrowers’ contracts, but the court turned down its request. The bank had asked the Budapest Municipal Court to appeal to the Constitutional Court and the European Court of Justice over the case.
Hungarian State Wins First FX Loan Trial
- 25 Aug 2014 9:00 AM
- business
The Capital Court has ruled in favour of the state against savings co-operative Kéthely és Vidéke in the first court decision since Parliament passed a law to help foreign-currency borrowers in July.
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.
Hungary’s OTP: Refunds For Borrowers’ Relief Could Be Bigger Than Expected
- 13 Aug 2014 9:00 AM
- business
The impact of National Bank of Hungary guidelines on calculating refunds to be paid under borrowers’ relief legislation could generate bigger than expected losses for OTP Bank, the lender has said.
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”.
Hungary’s PM: Justice Done For Borrowers
- 15 Sep 2014 9:00 AM
- current affairs
Once banks have been forced to settle with their clients who borrowed in foreign currency, remaining instalments of loans will certainly decrease by one-third on average, the prime minister said in a radio interview. It is unprecedented in the history of Hungary’s economy that the government and parliament has followed “the logic of fairness” and fully screened “an unfair system of financial ...
Hungarian Bill Bans Banks From Raising Fees
- 15 Sep 2014 9:00 AM
- business
Fidesz has submitted a bill to Parliament that will ban banks from unilaterally raising interest rates, costs or fees, caucus leader Antal Rogán told reporters on Friday after the party MPs held their season-opening meeting in Tapolca.
Budapest Court Postpones Decision On FHB Bank Loan Contract Case
- 3 Sep 2014 9:00 AM
- current affairs
The Budapest Municipal Court postponed a ruling on FHB Kereskedelmi Bank’s loan contracts until September 17 at a hearing on Tuesday. The court also rejected the bank’s request to suspend the case and turn to the Constitutional Court and the European Court of Justice on the matter.
Budapest Court Rejects Lender’s Defence Of Contract Changes
- 3 Sep 2014 9:00 AM
- current affairs
The Municipal Court of Budapest rejected EvoBank’s defence of unilateral changes it made to loan contracts in a ruling on Tuesday. The court said the lender’s general contract conditions did not meet transparency requirements. Retail borrowers could not ascertain whether their increased costs were fair, and they could take no steps against the lender if changed circumstances affected them ...
Hungary’s Supreme Court Rejects K&H Bank’s Suspension Request
- 27 Aug 2014 5:00 AM
- business
K&H Bank moved to suspend the court case in which it is defending unilateral changes it made to foreign currency borrowers’ contracts, but the court turned down its request. The bank had asked the Budapest Municipal Court to appeal to the Constitutional Court and the European Court of Justice over the case.
Hungarian State Wins First FX Loan Trial
- 25 Aug 2014 9:00 AM
- business
The Capital Court has ruled in favour of the state against savings co-operative Kéthely és Vidéke in the first court decision since Parliament passed a law to help foreign-currency borrowers in July.
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.
Hungary’s OTP: Refunds For Borrowers’ Relief Could Be Bigger Than Expected
- 13 Aug 2014 9:00 AM
- business
The impact of National Bank of Hungary guidelines on calculating refunds to be paid under borrowers’ relief legislation could generate bigger than expected losses for OTP Bank, the lender has said.
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”.