8 result(s) for forex loans in Property
Hungarian National Bank Earmarks €3bn To Phase Out Forex Loans
- 26 Sep 2014 9:00 AM
- property
The National Bank will make €3 billion available from its foreign-currency reserves to help banks to compensate foreign-currency borrowers and to convert such loans to forint loans in the future, CEO Márton Nagy announced yesterday.
Top Hungarian Court Rules On FX Loan Case
- 4 Jun 2014 9:00 AM
- property
The Kúria, Hungary’s supreme court, on Tuesday ruled invalid a clause in a contract for a loan denominated in foreign currency that stated the client received the loan at the bank’s buying exchange rate and paid it back at the selling rate.
Xpat Opinion: Hungary's Parliament To Rewrite FX Loan Contracts
- 24 Mar 2014 8:00 AM
- property
In their commentaries on the Constitutional Court’s verdict on forex loans, analysts from across the political spectrum agree that it is the government’s responsibility to help indebted families. It is, however, unclear how loans denominated in foreign currencies could be converted into Forint credits without severe economic consequences.
Lawmakers Can Modify Forex Loan Contracts, Hungary’s Constitutional Court Rules
- 18 Mar 2014 8:00 AM
- property
Existing contracts for foreign-currency mortgages may be modified by legislation, Hungary’s Constitutional Court ruled. Its decision came after the government asked the court to weigh the constitutionality of several conditions in the forex loan contracts. Among the government’s concerns was that borrowers had not been warned of the risks that a falling exchange rate would have on their monthly ...
Xpat Opinion: Hungary's Kúria Rules Forex Based Mortgage Loans Valid
- 20 Dec 2013 8:00 AM
- property
A pro-government daily accuses the top court of siding with banks, avoiding relevant questions and undermining public faith in the courts, while the leading opposition daily says the story is far from over and suspects that this resolution is exactly what the government hoped for.
Hungary's Kúria To Define Principles On Forex Mortgages
- 26 Nov 2013 8:00 AM
- property
The Kúria will formulate general principles regarding foreign-currency mortgage loans, to be used as guidelines by lower courts in lawsuits brought by borrowers against banks, it was announced yesterday.
Xpat Opinion: A Solution In Sight For The Forex Mortgage Crisis In Hungary
- 29 Aug 2013 9:00 AM
- property
Magyar Nemzet welcomes an initiative by the new management of the National Bank to alleviate the burden on families indebted in foreign currencies, which could help them cope better with their debts.
Foreign Currency Denominated Mortgages For Home Purchases In Hungary Shall Be Phased Out
- 25 Jul 2013 9:00 AM
- property
The Minister for National Economy is about to start negotiations with credit- and financial institutions active in the field of domestic lending. Minister Varga said that in the opinion of the Government foreign currency denominated mortgages for home purchases need to be eliminated from the domestic lending market in a way which “takes into consideration the aspects of timing and burden-bearing”.
Hungarian National Bank Earmarks €3bn To Phase Out Forex Loans
- 26 Sep 2014 9:00 AM
- property
The National Bank will make €3 billion available from its foreign-currency reserves to help banks to compensate foreign-currency borrowers and to convert such loans to forint loans in the future, CEO Márton Nagy announced yesterday.
Top Hungarian Court Rules On FX Loan Case
- 4 Jun 2014 9:00 AM
- property
The Kúria, Hungary’s supreme court, on Tuesday ruled invalid a clause in a contract for a loan denominated in foreign currency that stated the client received the loan at the bank’s buying exchange rate and paid it back at the selling rate.
Xpat Opinion: Hungary's Parliament To Rewrite FX Loan Contracts
- 24 Mar 2014 8:00 AM
- property
In their commentaries on the Constitutional Court’s verdict on forex loans, analysts from across the political spectrum agree that it is the government’s responsibility to help indebted families. It is, however, unclear how loans denominated in foreign currencies could be converted into Forint credits without severe economic consequences.
Lawmakers Can Modify Forex Loan Contracts, Hungary’s Constitutional Court Rules
- 18 Mar 2014 8:00 AM
- property
Existing contracts for foreign-currency mortgages may be modified by legislation, Hungary’s Constitutional Court ruled. Its decision came after the government asked the court to weigh the constitutionality of several conditions in the forex loan contracts. Among the government’s concerns was that borrowers had not been warned of the risks that a falling exchange rate would have on their monthly ...
Xpat Opinion: Hungary's Kúria Rules Forex Based Mortgage Loans Valid
- 20 Dec 2013 8:00 AM
- property
A pro-government daily accuses the top court of siding with banks, avoiding relevant questions and undermining public faith in the courts, while the leading opposition daily says the story is far from over and suspects that this resolution is exactly what the government hoped for.
Hungary's Kúria To Define Principles On Forex Mortgages
- 26 Nov 2013 8:00 AM
- property
The Kúria will formulate general principles regarding foreign-currency mortgage loans, to be used as guidelines by lower courts in lawsuits brought by borrowers against banks, it was announced yesterday.
Xpat Opinion: A Solution In Sight For The Forex Mortgage Crisis In Hungary
- 29 Aug 2013 9:00 AM
- property
Magyar Nemzet welcomes an initiative by the new management of the National Bank to alleviate the burden on families indebted in foreign currencies, which could help them cope better with their debts.
Foreign Currency Denominated Mortgages For Home Purchases In Hungary Shall Be Phased Out
- 25 Jul 2013 9:00 AM
- property
The Minister for National Economy is about to start negotiations with credit- and financial institutions active in the field of domestic lending. Minister Varga said that in the opinion of the Government foreign currency denominated mortgages for home purchases need to be eliminated from the domestic lending market in a way which “takes into consideration the aspects of timing and burden-bearing”.