279 result(s) for national bank in Business
Hungarian Banks Required To Prove Fairness Of FX Contracts
- 31 Jul 2014 11:00 AM
- business
From now on banks will be required to prove that their procedures in forex lending have been straightforward, under a law which took effect last Saturday. Lawsuits initiated by borrowers against their banks before the supreme court passed its decision of legal unity have been suspended.
Hungary’s Forint Sharply Down On Interbank Market
- 30 Jul 2014 9:00 AM
- business
The forint was trading at 310.79 to the euro late Tuesday on the interbank forex market, down from 308.98 late Monday. At 308.96 to the euro early Tuesday, the forint moved between 308.77 and 311.31, a ten-day low. The Hungarian currency sank back to levels before the decision of the National Bank of Hungary (NBH) a week ago to stop its easing cycle.
Hungary's Economy Minister Varga Expects To Sell MKB Bank
- 30 Jul 2014 9:00 AM
- business
The government should sell MKB bank after cleaning up its loan portfolio, Economy Minister Mihály Varga told Inforádió on Tuesday.
“Bad Bank” To Be Set Up In Hungary By Autumn
- 24 Jul 2014 4:00 AM
- business
Hungary plans to set up a “bad bank” to isolate lenders’ non-performing loans in the autumn, National Bank of Hungary managing director Márton Nagy told Reuters in an interview published on Thursday.
Foreign Parents To Be Hit By FX Bailout Costs In Hungary, Says Fitch
- 9 Jul 2014 9:00 AM
- business
Foreign owners will need to inject capital into their Hungarian units because of compensation lenders are asked to pay as part of a new law on relief for borrowers, Fitch Ratings said on Tuesday.
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 Forint Slides To Two-Month Low On Inter Bank Market
- 27 Jun 2014 9:00 AM
- business
The forint was trading at 308.41 to the euro late Thursday on the interbank forex market, down from 307.02 late Wednesday. Also at 307.02 to the euro early Thursday, the forint moved between 306.62 and 309.26, a two-month low, during the day.
National Bank Of Hungary: Another 10bp Rate-Cut Seen Likely
- 25 Jun 2014 9:00 AM
- business
Rate setters of the (NBH) are all but certain to slash the base rate by another 10 basis points at their next meeting, and the economy’s inflation indicators and external risk environment provides scope for more easing, London-based analysts said ahead of Tuesday’s rate-setting meeting. The expected 10-basis-point cut would bring the rate to 2.3%.
IMF: Hungary Economy Recovering But Shockprone
- 10 Jun 2014 9:00 AM
- business
Hungary’s economy is recovering but remains “susceptible to shocks”, an International Monetary Fund (IMF) staff report said on Friday. “The economy is recovering gradually, helped by supportive macroeconomic policies, favourable external conditions, and improved market confidence,” the IMF staff said, noting that this had supported Hungary’s financial stability during volatility in emerging ...
Hungarian Banks Required To Prove Fairness Of FX Contracts
- 31 Jul 2014 11:00 AM
- business
From now on banks will be required to prove that their procedures in forex lending have been straightforward, under a law which took effect last Saturday. Lawsuits initiated by borrowers against their banks before the supreme court passed its decision of legal unity have been suspended.
Hungary’s Forint Sharply Down On Interbank Market
- 30 Jul 2014 9:00 AM
- business
The forint was trading at 310.79 to the euro late Tuesday on the interbank forex market, down from 308.98 late Monday. At 308.96 to the euro early Tuesday, the forint moved between 308.77 and 311.31, a ten-day low. The Hungarian currency sank back to levels before the decision of the National Bank of Hungary (NBH) a week ago to stop its easing cycle.
Hungary's Economy Minister Varga Expects To Sell MKB Bank
- 30 Jul 2014 9:00 AM
- business
The government should sell MKB bank after cleaning up its loan portfolio, Economy Minister Mihály Varga told Inforádió on Tuesday.
“Bad Bank” To Be Set Up In Hungary By Autumn
- 24 Jul 2014 4:00 AM
- business
Hungary plans to set up a “bad bank” to isolate lenders’ non-performing loans in the autumn, National Bank of Hungary managing director Márton Nagy told Reuters in an interview published on Thursday.
Foreign Parents To Be Hit By FX Bailout Costs In Hungary, Says Fitch
- 9 Jul 2014 9:00 AM
- business
Foreign owners will need to inject capital into their Hungarian units because of compensation lenders are asked to pay as part of a new law on relief for borrowers, Fitch Ratings said on Tuesday.
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 Forint Slides To Two-Month Low On Inter Bank Market
- 27 Jun 2014 9:00 AM
- business
The forint was trading at 308.41 to the euro late Thursday on the interbank forex market, down from 307.02 late Wednesday. Also at 307.02 to the euro early Thursday, the forint moved between 306.62 and 309.26, a two-month low, during the day.
National Bank Of Hungary: Another 10bp Rate-Cut Seen Likely
- 25 Jun 2014 9:00 AM
- business
Rate setters of the (NBH) are all but certain to slash the base rate by another 10 basis points at their next meeting, and the economy’s inflation indicators and external risk environment provides scope for more easing, London-based analysts said ahead of Tuesday’s rate-setting meeting. The expected 10-basis-point cut would bring the rate to 2.3%.
IMF: Hungary Economy Recovering But Shockprone
- 10 Jun 2014 9:00 AM
- business
Hungary’s economy is recovering but remains “susceptible to shocks”, an International Monetary Fund (IMF) staff report said on Friday. “The economy is recovering gradually, helped by supportive macroeconomic policies, favourable external conditions, and improved market confidence,” the IMF staff said, noting that this had supported Hungary’s financial stability during volatility in emerging ...