437 result(s) for loans
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.
Hungary's Bank Wins In FX Loans Trial
- 4 Sep 2014 9:00 AM
- current affairs
Magyar Cetelem Bank’s contractual terms for euro-denominated personal loans issued between July 1, 2009 and June 10, 2010 met legal criteria, the Municipal Court ruled on Wednesday.
Hungarian Govt Agency Files Complaint Against NGO Associated With Norway Grants
- 4 Sep 2014 9:00 AM
- current affairs
The Government Control Office (Kehi) has filed a criminal complaint against an unnamed organisation on suspicion of illegal financial activities, Kehi told MTI on Wednesday. Daily Magyar Nemzet’s Wednesday issue reported that Kehi was investigating the suspected organisation in connection with a probe into ways grants from the Norway Fund are distributed in Hungary, and suspected that it had ...
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.
DK Accuses Hungarian Govt Of Scheme To Quit EU
- 28 Aug 2014 9:00 AM
- current affairs
An MEP of the leftist Democratic Coalition (DK) has called on the prime minister and the government to drop “preparations to quit the European Union”. Speaking to MTI on Wednesday, Péter Niedermüller, who is also DK’s deputy leader, insisted that Prime Minister Viktor Orbán was using every opportunity to criticise European values, which he interpreted as preparations for a shift “to a different ...
Budapest Municipal Court Postpones Raiffeisen Ruling To September
- 27 Aug 2014 9:00 AM
- business
The Municipal Court of Budapest has postponed to September 10 its final ruling regarding a lawsuit filed by Raiffeisen Bank against the Hungarian state in connection with conditions for loans made in foreign currency. In its Tuesday decision, the court also turned down Raiffeisen’s request for an appeal to the Constitutional Court and the European Court of Justice.
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 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.
Hungary's Bank Wins In FX Loans Trial
- 4 Sep 2014 9:00 AM
- current affairs
Magyar Cetelem Bank’s contractual terms for euro-denominated personal loans issued between July 1, 2009 and June 10, 2010 met legal criteria, the Municipal Court ruled on Wednesday.
Hungarian Govt Agency Files Complaint Against NGO Associated With Norway Grants
- 4 Sep 2014 9:00 AM
- current affairs
The Government Control Office (Kehi) has filed a criminal complaint against an unnamed organisation on suspicion of illegal financial activities, Kehi told MTI on Wednesday. Daily Magyar Nemzet’s Wednesday issue reported that Kehi was investigating the suspected organisation in connection with a probe into ways grants from the Norway Fund are distributed in Hungary, and suspected that it had ...
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.
DK Accuses Hungarian Govt Of Scheme To Quit EU
- 28 Aug 2014 9:00 AM
- current affairs
An MEP of the leftist Democratic Coalition (DK) has called on the prime minister and the government to drop “preparations to quit the European Union”. Speaking to MTI on Wednesday, Péter Niedermüller, who is also DK’s deputy leader, insisted that Prime Minister Viktor Orbán was using every opportunity to criticise European values, which he interpreted as preparations for a shift “to a different ...
Budapest Municipal Court Postpones Raiffeisen Ruling To September
- 27 Aug 2014 9:00 AM
- business
The Municipal Court of Budapest has postponed to September 10 its final ruling regarding a lawsuit filed by Raiffeisen Bank against the Hungarian state in connection with conditions for loans made in foreign currency. In its Tuesday decision, the court also turned down Raiffeisen’s request for an appeal to the Constitutional Court and the European Court of Justice.
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.