33 result(s) for mortgage loan in Business
Chamber Calls for Rate Freeze, Repayment Moratorium for Hungarian Firms
- 21 Oct 2022 6:29 AM
- hungarymatters.hu
- business
The Hungarian Chamber of Commerce and Industry (MKIK) has requested that the government should consider freezing the rate on corporate loans between 5-10% and introducing a repayment moratorium for existing floating-rate loans “as long as the economic situation warrants”.
Green Monetary Policy Toolkit Strategy Announced by National Bank of Hungary
- 7 Jul 2021 9:45 AM
- hungarymatters.hu
- business
The National Bank of Hungary (NBH) has adopted a green monetary policy toolkit strategy which it will use to monitor how certain monetary policy tools can be used to achieve price stability and environmental sustainability objectives, NBH deputy governor Barnabás Virág said.
Hungary State Debt Drops To 74.5 Pc Of GDP At End Of 2017
- 4 Jan 2018 7:56 AM
- business
For the Hungarian economy, the year 2018 starts from a better position and with a better outlook than 2017 did, Minister Mihály Varga said at a press conference held at the Ministry for National Economy earlier today.
Strong Growth In Hungary SME Lending Continued In 2017 Q2
- 29 Aug 2017 11:42 AM
- business
In 2017 Q2, developments in corporate and household lending showed a further improvement. The annual growth rate of total corporate loans accelerated to 7 per cent. Lending to SMEs, including the self-employed sector, expanded by 13 per cent. As a result, SME lending was able to grow on market basis following the termination of the Funding for Growth Scheme.
Moody’s: Improved Employment, Higher Real Wages Positive For Banks
- 31 May 2016 9:00 AM
- business
Lower unemployment, higher employment and rising real wages should positively impact Hungary’s banking sector, ratings agency Moody’s said in an analysis. Higher real wages is credit positive for banks because it enhances households’ ability to service their bank loans and will help reduce banks’ nonperforming retail loans.
Hungarian Competition Authority Fines Banks USD 13.8 Million
- 13 Jan 2016 8:00 AM
- business
Hungary’s Economic Competition Authority (GVH) has fined the Hungarian Banking Association HUF 4 billion (USD 13.8 million) and the Banker Training Institute HUF 15 million (USD 52,000) for the “unlawful horizontal sharing of information”.
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.
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.
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 ...
Chamber Calls for Rate Freeze, Repayment Moratorium for Hungarian Firms
- 21 Oct 2022 6:29 AM
- hungarymatters.hu
- business
The Hungarian Chamber of Commerce and Industry (MKIK) has requested that the government should consider freezing the rate on corporate loans between 5-10% and introducing a repayment moratorium for existing floating-rate loans “as long as the economic situation warrants”.
Green Monetary Policy Toolkit Strategy Announced by National Bank of Hungary
- 7 Jul 2021 9:45 AM
- hungarymatters.hu
- business
The National Bank of Hungary (NBH) has adopted a green monetary policy toolkit strategy which it will use to monitor how certain monetary policy tools can be used to achieve price stability and environmental sustainability objectives, NBH deputy governor Barnabás Virág said.
Hungary State Debt Drops To 74.5 Pc Of GDP At End Of 2017
- 4 Jan 2018 7:56 AM
- business
For the Hungarian economy, the year 2018 starts from a better position and with a better outlook than 2017 did, Minister Mihály Varga said at a press conference held at the Ministry for National Economy earlier today.
Strong Growth In Hungary SME Lending Continued In 2017 Q2
- 29 Aug 2017 11:42 AM
- business
In 2017 Q2, developments in corporate and household lending showed a further improvement. The annual growth rate of total corporate loans accelerated to 7 per cent. Lending to SMEs, including the self-employed sector, expanded by 13 per cent. As a result, SME lending was able to grow on market basis following the termination of the Funding for Growth Scheme.
Moody’s: Improved Employment, Higher Real Wages Positive For Banks
- 31 May 2016 9:00 AM
- business
Lower unemployment, higher employment and rising real wages should positively impact Hungary’s banking sector, ratings agency Moody’s said in an analysis. Higher real wages is credit positive for banks because it enhances households’ ability to service their bank loans and will help reduce banks’ nonperforming retail loans.
Hungarian Competition Authority Fines Banks USD 13.8 Million
- 13 Jan 2016 8:00 AM
- business
Hungary’s Economic Competition Authority (GVH) has fined the Hungarian Banking Association HUF 4 billion (USD 13.8 million) and the Banker Training Institute HUF 15 million (USD 52,000) for the “unlawful horizontal sharing of information”.
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.
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.
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 ...