200 result(s) for lending
Hungary’s Growth Potential Low, Says OECD
- 28 Jan 2014 8:00 AM
- current affairs
Hungary’s growth potential is “worryingly low”, the OECD said in a country survey released on Monday. The Paris-based Organisation for Economic Cooperation and Development stuck to its growth forecast for Hungary’s economy made in November of 2% this year and 1.7% in 2015.
Erste Wants To Stay In Hungary
- 22 Jan 2014 8:00 AM
- business
Erste Bank wants to continue to remain active in Hungary, Erste Bank Hungary chairman-CEO Radovan Jelasic said at a conference organised by economic research institute GKI on Tuesday. He said the best proof of Erste Bank’s intention to stay in the country was its purchase of private banking portfolios from local peers in the past years.
Xpat Opinion: Banking Services In Hungary: Not A Bad Business Afterall?
- 16 Jan 2014 8:00 AM
- business
In 2010, when the Government introduced crisis taxes on banks, the measures met with surprise and shock. Some predicted that the taxes would provoke banks to completely deleverage and leave Hungary. The reaction did not surprise Government officials, however, who responded that if the financial crisis were to deepen in Hungary it would not be due to banks leaving Hungary but because of the high ...
KBC Bank Not Exiting Hungary
- 13 Jan 2014 8:01 AM
- business
Belgian financial group KBC will not exit Hungary despite a tough outlook for profitability and pressure from the authorities for consolidation, the head of KBC’s local business told Reuters. Central bank governor György Matolcsy, a former economy minister who launched Europe’s highest bank levy to stabilise the state budget, said last month four foreign banks could leave Hungary in the next 6-18 ...
Matolcsy Sees Four Large Banks Leaving Hungary
- 30 Dec 2013 8:00 AM
- business
Four of the eight largest foreign-owned banks in Hungary might leave the country in the next 12 to 18 months, MNB governor György Matolcsy said on Hír TV. Without naming any banks, he said the institutions are not lending and are not helping the Hungarian economy.
Hungary’s Top Court Limited In Helping FX Borrowers, Says Kúria Head
- 18 Dec 2013 3:00 AM
- property
Hungary’s supreme court, the Kúria, has tried to do all it can for troubled mortgage holders but the courts have limited means to manage serious social and economic problems, Péter Darák, the court’s chief judge, told MTI in an interview.
Hungary’s Top Court Rules FX Lending Legal
- 17 Dec 2013 8:00 AM
- current affairs
Banks cannot be held responsible for dearer foreign currency mortgages due to changes in the exchange rate, the court said. Hungary’s Supreme Court, the Kúria, ruled on Monday that lending in foreign currency and related contracts are legal, and the client should bear the risks related to exchange rate fluctuations.
Matolcsy Sees Room For Further Interest Ratecut In Hungary
- 21 Nov 2013 8:00 AM
- business
There is further room to reduce the central bank’s base rate, the governor of the National Bank of Hungary, György Matolcsy, said. The base interest currently stands at a record low of 3.4%. Matolcsy told a conference on the bank’s credit for growth scheme that almost all central banks started unorthodox policies after the 2008 crisis and the Hungarian government also applied such policies from ...
Hungary’s National Bank MNB Sees Bank Consolidation Ahead
- 8 Nov 2013 8:00 AM
- business
The three biggest risks facing the bank sector are the tight lending conditions for companies, high household debts and the continuing low profitability of the sector, the MNB writes in its latest Financial Stability Report.
Hungary’s Growth Potential Low, Says OECD
- 28 Jan 2014 8:00 AM
- current affairs
Hungary’s growth potential is “worryingly low”, the OECD said in a country survey released on Monday. The Paris-based Organisation for Economic Cooperation and Development stuck to its growth forecast for Hungary’s economy made in November of 2% this year and 1.7% in 2015.
Erste Wants To Stay In Hungary
- 22 Jan 2014 8:00 AM
- business
Erste Bank wants to continue to remain active in Hungary, Erste Bank Hungary chairman-CEO Radovan Jelasic said at a conference organised by economic research institute GKI on Tuesday. He said the best proof of Erste Bank’s intention to stay in the country was its purchase of private banking portfolios from local peers in the past years.
Xpat Opinion: Banking Services In Hungary: Not A Bad Business Afterall?
- 16 Jan 2014 8:00 AM
- business
In 2010, when the Government introduced crisis taxes on banks, the measures met with surprise and shock. Some predicted that the taxes would provoke banks to completely deleverage and leave Hungary. The reaction did not surprise Government officials, however, who responded that if the financial crisis were to deepen in Hungary it would not be due to banks leaving Hungary but because of the high ...
KBC Bank Not Exiting Hungary
- 13 Jan 2014 8:01 AM
- business
Belgian financial group KBC will not exit Hungary despite a tough outlook for profitability and pressure from the authorities for consolidation, the head of KBC’s local business told Reuters. Central bank governor György Matolcsy, a former economy minister who launched Europe’s highest bank levy to stabilise the state budget, said last month four foreign banks could leave Hungary in the next 6-18 ...
Matolcsy Sees Four Large Banks Leaving Hungary
- 30 Dec 2013 8:00 AM
- business
Four of the eight largest foreign-owned banks in Hungary might leave the country in the next 12 to 18 months, MNB governor György Matolcsy said on Hír TV. Without naming any banks, he said the institutions are not lending and are not helping the Hungarian economy.
Hungary’s Top Court Limited In Helping FX Borrowers, Says Kúria Head
- 18 Dec 2013 3:00 AM
- property
Hungary’s supreme court, the Kúria, has tried to do all it can for troubled mortgage holders but the courts have limited means to manage serious social and economic problems, Péter Darák, the court’s chief judge, told MTI in an interview.
Hungary’s Top Court Rules FX Lending Legal
- 17 Dec 2013 8:00 AM
- current affairs
Banks cannot be held responsible for dearer foreign currency mortgages due to changes in the exchange rate, the court said. Hungary’s Supreme Court, the Kúria, ruled on Monday that lending in foreign currency and related contracts are legal, and the client should bear the risks related to exchange rate fluctuations.
Matolcsy Sees Room For Further Interest Ratecut In Hungary
- 21 Nov 2013 8:00 AM
- business
There is further room to reduce the central bank’s base rate, the governor of the National Bank of Hungary, György Matolcsy, said. The base interest currently stands at a record low of 3.4%. Matolcsy told a conference on the bank’s credit for growth scheme that almost all central banks started unorthodox policies after the 2008 crisis and the Hungarian government also applied such policies from ...
Hungary’s National Bank MNB Sees Bank Consolidation Ahead
- 8 Nov 2013 8:00 AM
- business
The three biggest risks facing the bank sector are the tight lending conditions for companies, high household debts and the continuing low profitability of the sector, the MNB writes in its latest Financial Stability Report.