152 result(s) for financial loss
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.
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.
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 Best-Selling Weekly HVG Faces Uncertain Future
- 4 Aug 2014 9:00 AM
- current affairs
The publisher of the weekly Hungarian news magazine hvg (short for Weekly World Economy) has denied reports appearing in pro-government Heti Valasz yesterday that its German owner WAZ was pulling out and its entire staff would be sacked. Hvg Zrt., which owns both the print and on-line editions of what is arguably Hungary’s most important independent news publication, promised a detailed statement ...
Foreign Parents To Be Hit By FX Bailout Costs In Hungary, Says Fitch
- 9 Jul 2014 9:00 AM
- business
Foreign owners will need to inject capital into their Hungarian units because of compensation lenders are asked to pay as part of a new law on relief for borrowers, Fitch Ratings said on Tuesday.
Owner Of Hungary’s K&H Bank Prepares For Losses
- 9 Jul 2014 9:00 AM
- business
Belgian financial group KBC, owner of Hungary’s K&H Bank, announced on Tuesday that it is setting aside €162 million in provisions for likely losses due to the foreign-currency loan bill passed on Friday.
Hungarian Baby Born From Dead Mother To Celebrate First Birthday
- 1 Jul 2014 1:00 AM
- health & wellness
The baby who was delivered by Cesarean section by a medical team of the University of Debrecen three months after the mother became brain-dead following a brain hemorrhage, and weighed only 1420 grams (somewhat over three pounds) will soon celebrate its first birthday. Doctors maintained the woman's bodily functions for 92 days, which saved not only the baby's life, but also kept some of the ...
Huge MOL Share Package Up For Sale In Hungary
- 26 Jun 2014 9:00 AM
- business
Citigroup has been commissioned to hold an auction for the sale of 4% of MOL shares in the price range of Ft 11,800-12,200 each, the bank announced after the close of trading on Thursday. The market value of the 4.28 million shares is Ft 50-52 billion, which equals the last three months’ trading volume of the stock last, portfolio.hu observes.
Hungary’s Supreme Court Kúria Acquits Former Budapest District Leaders
- 21 May 2014 9:00 AM
- current affairs
The Kúria, Hungary’s supreme court, acquitted on Tuesday the former mayor and his deputy of abusing their office. The two former officials, Socialist Mayor Gyula Molnár of the 11th district and Imre Lakos, his Free Democrat deputy, were accused of attempting to sell a valuable property owned by the local council to a private company without a public tender in 2006.
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.
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.
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 Best-Selling Weekly HVG Faces Uncertain Future
- 4 Aug 2014 9:00 AM
- current affairs
The publisher of the weekly Hungarian news magazine hvg (short for Weekly World Economy) has denied reports appearing in pro-government Heti Valasz yesterday that its German owner WAZ was pulling out and its entire staff would be sacked. Hvg Zrt., which owns both the print and on-line editions of what is arguably Hungary’s most important independent news publication, promised a detailed statement ...
Foreign Parents To Be Hit By FX Bailout Costs In Hungary, Says Fitch
- 9 Jul 2014 9:00 AM
- business
Foreign owners will need to inject capital into their Hungarian units because of compensation lenders are asked to pay as part of a new law on relief for borrowers, Fitch Ratings said on Tuesday.
Owner Of Hungary’s K&H Bank Prepares For Losses
- 9 Jul 2014 9:00 AM
- business
Belgian financial group KBC, owner of Hungary’s K&H Bank, announced on Tuesday that it is setting aside €162 million in provisions for likely losses due to the foreign-currency loan bill passed on Friday.
Hungarian Baby Born From Dead Mother To Celebrate First Birthday
- 1 Jul 2014 1:00 AM
- health & wellness
The baby who was delivered by Cesarean section by a medical team of the University of Debrecen three months after the mother became brain-dead following a brain hemorrhage, and weighed only 1420 grams (somewhat over three pounds) will soon celebrate its first birthday. Doctors maintained the woman's bodily functions for 92 days, which saved not only the baby's life, but also kept some of the ...
Huge MOL Share Package Up For Sale In Hungary
- 26 Jun 2014 9:00 AM
- business
Citigroup has been commissioned to hold an auction for the sale of 4% of MOL shares in the price range of Ft 11,800-12,200 each, the bank announced after the close of trading on Thursday. The market value of the 4.28 million shares is Ft 50-52 billion, which equals the last three months’ trading volume of the stock last, portfolio.hu observes.
Hungary’s Supreme Court Kúria Acquits Former Budapest District Leaders
- 21 May 2014 9:00 AM
- current affairs
The Kúria, Hungary’s supreme court, acquitted on Tuesday the former mayor and his deputy of abusing their office. The two former officials, Socialist Mayor Gyula Molnár of the 11th district and Imre Lakos, his Free Democrat deputy, were accused of attempting to sell a valuable property owned by the local council to a private company without a public tender in 2006.