236 result(s) for mortgage
Erste Bank Hungary Establishes Mortgage Bank
- 5 Aug 2015 9:00 AM
- business
Erste Bank Hungary on Monday announced the establishment of its own mortgage bank. The company charter has been signed, but the unit still requires the approval of the National Bank of Hungary (NBH). The NBH requires lenders to back at least 15% of their net mortgage loans with long-term liabilities from October 1, 2016, which probably explains Erste Bank Hungary’s motivation.
Police Remove FX Civil Movement Demonstrators In Central Budapest
- 23 Jul 2015 4:00 AM
- current affairs
Police removed 17 activists of a civil movement representing troubled forex mortgage holders who blocked a section of a street in central Budapest in a banned sit-down demonstration on Thursday morning, the police said on its website. The movement originally asked permission from the police to stage a demonstration with about 100-400 participants to demand the suspension of foreclosures and ...
Lázár: Migrants Rejected By EU Have No Place In Hungary
- 5 Jun 2015 9:00 AM
- current affairs
Asylum-seekers returned to Hungary from other European Union states “cannot stay” in the country, János Lázár, the minister heading the cabinet, said at his regular Thursday press conference. “We are working to expel them,” Lázár said, answering a question concerning migrants who entered Hungary and went on to other EU countries before being rejected by them and sent back to Hungary.
Over 100,000 Hungarian Stuck With FX Loans
- 8 May 2015 9:00 AM
- business
An estimated 182,000 foreign-currency debtors can not pay back their loans, of whom 100,000 are not helped by the conversion of foreign-currency mortgage loans or other state assistance, MNB deputy governor Ádám Balog announced at a Thursday conference.
SCP Raises Hungary Mid-Term Economic Growth Projection
- 30 Apr 2015 9:00 AM
- business
Ratings agency Standard and Poor’s has raised its projection for Hungary’s mid-term GDP growth to 2.5% from 2%. The projection is the same as the government’s official 2.5% forecast for this year.
Standard & Poor’s Upgrades Hungary’s Junk Credit Rating
- 23 Mar 2015 8:00 AM
- business
Hungary’s junk credit rating has been upgraded by Standard & Poor’s, which cited the country’s improving growth outlook and its better preparedness to handle unexpected crises. Hungary had lost its investment grade credit rating as far back as 2011. S&P said in a statement Friday that it was raising Hungary’s rating from BB to BB+, one step below investment grade, bringing its assessment in line ...
S&P Upgrades Hungary’s Rating To “BB Plus”
- 23 Mar 2015 8:00 AM
- business
Standard and Poor’s raised Hungary’s credit rating for long-term foreign currency and forint debt by one notch to “BB plus”. The international rating agency said that Hungary’s problems related to its external economic balance had significantly eased over the past few years.
Moody’s Places OTP Ratings Under Review For Upgrade
- 19 Mar 2015 8:00 AM
- business
Moody’s Investors Service has placed the long- and short-term local currency deposit ratings of OTP Bank and OTP Mortgage Bank under review for upgrade because of methodological changes, OTP Bank said, citing a release from the ratings agency on Tuesday.
IMF Issues Concluding Statement On Hungary
- 4 Feb 2015 8:01 AM
- current affairs
Hungary’s economy is coming back from the crisis but the road to strong, sustained activity and higher private sector employment is still a long one. Macroeconomic policies have contributed to a welcome reduction in vulnerabilities, strong growth and a reduction in unemployment. But the country remains susceptible to shocks and its medium-term growth prospects are subdued.
Erste Bank Hungary Establishes Mortgage Bank
- 5 Aug 2015 9:00 AM
- business
Erste Bank Hungary on Monday announced the establishment of its own mortgage bank. The company charter has been signed, but the unit still requires the approval of the National Bank of Hungary (NBH). The NBH requires lenders to back at least 15% of their net mortgage loans with long-term liabilities from October 1, 2016, which probably explains Erste Bank Hungary’s motivation.
Police Remove FX Civil Movement Demonstrators In Central Budapest
- 23 Jul 2015 4:00 AM
- current affairs
Police removed 17 activists of a civil movement representing troubled forex mortgage holders who blocked a section of a street in central Budapest in a banned sit-down demonstration on Thursday morning, the police said on its website. The movement originally asked permission from the police to stage a demonstration with about 100-400 participants to demand the suspension of foreclosures and ...
Lázár: Migrants Rejected By EU Have No Place In Hungary
- 5 Jun 2015 9:00 AM
- current affairs
Asylum-seekers returned to Hungary from other European Union states “cannot stay” in the country, János Lázár, the minister heading the cabinet, said at his regular Thursday press conference. “We are working to expel them,” Lázár said, answering a question concerning migrants who entered Hungary and went on to other EU countries before being rejected by them and sent back to Hungary.
Over 100,000 Hungarian Stuck With FX Loans
- 8 May 2015 9:00 AM
- business
An estimated 182,000 foreign-currency debtors can not pay back their loans, of whom 100,000 are not helped by the conversion of foreign-currency mortgage loans or other state assistance, MNB deputy governor Ádám Balog announced at a Thursday conference.
SCP Raises Hungary Mid-Term Economic Growth Projection
- 30 Apr 2015 9:00 AM
- business
Ratings agency Standard and Poor’s has raised its projection for Hungary’s mid-term GDP growth to 2.5% from 2%. The projection is the same as the government’s official 2.5% forecast for this year.
Standard & Poor’s Upgrades Hungary’s Junk Credit Rating
- 23 Mar 2015 8:00 AM
- business
Hungary’s junk credit rating has been upgraded by Standard & Poor’s, which cited the country’s improving growth outlook and its better preparedness to handle unexpected crises. Hungary had lost its investment grade credit rating as far back as 2011. S&P said in a statement Friday that it was raising Hungary’s rating from BB to BB+, one step below investment grade, bringing its assessment in line ...
S&P Upgrades Hungary’s Rating To “BB Plus”
- 23 Mar 2015 8:00 AM
- business
Standard and Poor’s raised Hungary’s credit rating for long-term foreign currency and forint debt by one notch to “BB plus”. The international rating agency said that Hungary’s problems related to its external economic balance had significantly eased over the past few years.
Moody’s Places OTP Ratings Under Review For Upgrade
- 19 Mar 2015 8:00 AM
- business
Moody’s Investors Service has placed the long- and short-term local currency deposit ratings of OTP Bank and OTP Mortgage Bank under review for upgrade because of methodological changes, OTP Bank said, citing a release from the ratings agency on Tuesday.
IMF Issues Concluding Statement On Hungary
- 4 Feb 2015 8:01 AM
- current affairs
Hungary’s economy is coming back from the crisis but the road to strong, sustained activity and higher private sector employment is still a long one. Macroeconomic policies have contributed to a welcome reduction in vulnerabilities, strong growth and a reduction in unemployment. But the country remains susceptible to shocks and its medium-term growth prospects are subdued.