165 result(s) for forint exchange rate
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 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.
Former MNB Vice-Governor: Hungary Needs A Miracle
- 25 Aug 2014 9:00 AM
- business
Hungary’s national debt of 85.1% of GDP is so high that it will take a miracle for the government to avoid breaking its own constitutional stipulation that it set out in the Basic Law, former National Bank of Hungary (MNB) vice-governor Zoltán Bodnár said this week.
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.
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.
Capital Raised By HUF 15.4bn At Hungarian Unit Of CIB Bank
- 1 Aug 2014 9:00 AM
- business
Italy’s Intesa Sanpaolo is raising capital at its Hungarian unit, CIB Bank, by 15.4 billion forints (EUR 50m), the lender said on the website of the Budapest Stock Exchange. The raise will take place with the subscription of a single share with a nominal value of 1 forint.
Hungarian Govt To Freeze 110 Billion Forints In Spending
- 18 Jul 2014 9:00 AM
- current affairs
The government will freeze 110 billion forints (EUR 355m) in central budget expenditures to ensure that this year’s 2.9%-of-GDP deficit target can be met, Economy Minister Mihály Varga said on Thursday. The freeze will not affect families or businesses, only government expenditures, he said at a conference of the Hungarian Economic Association and the Fiscal Council.
Foreign Currency Loans To Be Eliminated From The Hungarian Market By End Of 2014
- 8 Jul 2014 10:00 AM
- business
Foreign-currency denominated loans will be eliminated from Hungary's lending market by way of converting them to forint loans before the end of this year, Minister of National Economy Mihály Varga told public media on Monday. Based on a Supreme Court ruling, deeming the rate spread applied to foreign currency loan constructions unfair, Parliament adopted on Friday a bailout package. According to ...
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 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.
Former MNB Vice-Governor: Hungary Needs A Miracle
- 25 Aug 2014 9:00 AM
- business
Hungary’s national debt of 85.1% of GDP is so high that it will take a miracle for the government to avoid breaking its own constitutional stipulation that it set out in the Basic Law, former National Bank of Hungary (MNB) vice-governor Zoltán Bodnár said this week.
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.
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.
Capital Raised By HUF 15.4bn At Hungarian Unit Of CIB Bank
- 1 Aug 2014 9:00 AM
- business
Italy’s Intesa Sanpaolo is raising capital at its Hungarian unit, CIB Bank, by 15.4 billion forints (EUR 50m), the lender said on the website of the Budapest Stock Exchange. The raise will take place with the subscription of a single share with a nominal value of 1 forint.
Hungarian Govt To Freeze 110 Billion Forints In Spending
- 18 Jul 2014 9:00 AM
- current affairs
The government will freeze 110 billion forints (EUR 355m) in central budget expenditures to ensure that this year’s 2.9%-of-GDP deficit target can be met, Economy Minister Mihály Varga said on Thursday. The freeze will not affect families or businesses, only government expenditures, he said at a conference of the Hungarian Economic Association and the Fiscal Council.
Foreign Currency Loans To Be Eliminated From The Hungarian Market By End Of 2014
- 8 Jul 2014 10:00 AM
- business
Foreign-currency denominated loans will be eliminated from Hungary's lending market by way of converting them to forint loans before the end of this year, Minister of National Economy Mihály Varga told public media on Monday. Based on a Supreme Court ruling, deeming the rate spread applied to foreign currency loan constructions unfair, Parliament adopted on Friday a bailout package. According to ...