464 result(s) for currency
Hungarian Parliament Passes Debt Relief Act
- 26 Sep 2014 1:00 AM
- business
Parliament passed the Debt Relief Act yesterday requiring banks to return millions of forints to forex- and forint-loan debtors for losses arising from unilateral contract modifications and currency margin disparities.
Raiffeisen’s Chief Executive: Withdrawal From Hungary Not On Agenda
- 25 Sep 2014 7:30 AM
- current affairs
The sale of Raiffeisen Bank’s Hungarian unit is not on the agenda of the parent company, Heinz Wiedner, chief executive of Raiffeisen Bank Zrt told Monday’s Napi Gazdasag. In the first half of this year, every business segment of the bank was profitable, even if the bank was forced to book a serious loss on the back of government measures to compensate clients with foreign currency loans.
S & P Reaffirms Hungary Rating
- 22 Sep 2014 9:00 AM
- business
Standard and Poor’s on Friday reaffirmed Hungary’s BB/B long- and short-term foreign and local currency sovereign credit ratings with a stable outlook. S and P changed Hungary’s outlook to stable from negative on March 28, 2014.
Hungarian Parliament Starts Autumn Session
- 16 Sep 2014 9:00 AM
- current affairs
Antal Rogán, head of the parliamentary group of the ruling Fidesz party, noted bank settlements involved not only foreign currency borrowers, but also forint-denominated ones. “They, too, have a right to fair treatment and must be served justice” he said.
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.
Hungary’s Central Bank Ready To Provide Banks With Foreign Currency
- 8 Sep 2014 9:00 AM
- business
Hungary’s banks will need around 3 billion euros to offset their liabilities in connection with compensation to clients who took out loans in foreign currency, and the central bank is ready to provide forex funding to commercial lenders from its reserves, the bank’s deputy governor said.
Hungarian Socialists Criticise Banknote Revamp
- 4 Sep 2014 9:00 AM
- current affairs
The National Bank of Hungary (NBH) on Monday announced it would revamp the banknotes it issues in 2014-2018. The opposition Socialists interpreted the announcement as the government’s admission that it has dropped plans to introduce the euro in Hungary. Sándor Burány, Socialist head of parliament’s budget committee, told MTI that “the government prefers a weak forint, which increases the burden ...
Lawsuits In Hungary On Unilateral Contract Changes Adjourned
- 2 Sep 2014 9:00 AM
- current affairs
Lawsuits filed by banks, savings cooperatives and other financial institutions against the state seeking to prove their lending practices have been fair continued with 11 suits at the Municipal Court of Budapest on Monday. All cases have been adjourned to a later date in September.
Hungarian Parliament Passes Debt Relief Act
- 26 Sep 2014 1:00 AM
- business
Parliament passed the Debt Relief Act yesterday requiring banks to return millions of forints to forex- and forint-loan debtors for losses arising from unilateral contract modifications and currency margin disparities.
Raiffeisen’s Chief Executive: Withdrawal From Hungary Not On Agenda
- 25 Sep 2014 7:30 AM
- current affairs
The sale of Raiffeisen Bank’s Hungarian unit is not on the agenda of the parent company, Heinz Wiedner, chief executive of Raiffeisen Bank Zrt told Monday’s Napi Gazdasag. In the first half of this year, every business segment of the bank was profitable, even if the bank was forced to book a serious loss on the back of government measures to compensate clients with foreign currency loans.
S & P Reaffirms Hungary Rating
- 22 Sep 2014 9:00 AM
- business
Standard and Poor’s on Friday reaffirmed Hungary’s BB/B long- and short-term foreign and local currency sovereign credit ratings with a stable outlook. S and P changed Hungary’s outlook to stable from negative on March 28, 2014.
Hungarian Parliament Starts Autumn Session
- 16 Sep 2014 9:00 AM
- current affairs
Antal Rogán, head of the parliamentary group of the ruling Fidesz party, noted bank settlements involved not only foreign currency borrowers, but also forint-denominated ones. “They, too, have a right to fair treatment and must be served justice” he said.
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.
Hungary’s Central Bank Ready To Provide Banks With Foreign Currency
- 8 Sep 2014 9:00 AM
- business
Hungary’s banks will need around 3 billion euros to offset their liabilities in connection with compensation to clients who took out loans in foreign currency, and the central bank is ready to provide forex funding to commercial lenders from its reserves, the bank’s deputy governor said.
Hungarian Socialists Criticise Banknote Revamp
- 4 Sep 2014 9:00 AM
- current affairs
The National Bank of Hungary (NBH) on Monday announced it would revamp the banknotes it issues in 2014-2018. The opposition Socialists interpreted the announcement as the government’s admission that it has dropped plans to introduce the euro in Hungary. Sándor Burány, Socialist head of parliament’s budget committee, told MTI that “the government prefers a weak forint, which increases the burden ...
Lawsuits In Hungary On Unilateral Contract Changes Adjourned
- 2 Sep 2014 9:00 AM
- current affairs
Lawsuits filed by banks, savings cooperatives and other financial institutions against the state seeking to prove their lending practices have been fair continued with 11 suits at the Municipal Court of Budapest on Monday. All cases have been adjourned to a later date in September.