326 result(s) for nbh
Demographic Trends Present Difficulties For Growth And Labour Market In Hungary
- 8 Dec 2015 8:00 AM
- business
By 2060, the old-age dependency ratio may double in Hungary compared to the present level, and the burdens on economically active age groups may significantly increase in the coming decades as a result of population ageing, the National Bank of Hungary (NBH) said in its Growth Report. It said the old-age dependency ratio could increase from 26% in 2015 to 52% by 2060, parallel with a decline in ...
City: Hungary Could Return To Investment Grade In 2016
- 1 Dec 2015 8:00 AM
- current affairs
Hungary is set to regain investment grade status next year, and the central bank is likely to embark on a new rate cutting cycle, London-based emerging markets economists said. In a report outlining its revised 2016 forecasts for emerging markets, released to clients in London, Morgan Stanley said that “credit upgrades are overdue” and Hungary will regain its investment grade rating with at least ...
NBH Governor: Hungary Sees Price, Financial Stability Since 2013
- 5 Nov 2015 8:00 AM
- business
Hungary has enjoyed price and financial stability since 2013, when changes got under way at the central bank, the bank’s governor, György Matolcsy, said. Addressing lawmakers in parliament in a debate of the bank’s 2012, 2013 and 2014 business reports, Matolcsy said the bank’s new leadership in place since March 2013 had returned to a “responsible, conservative, but creatively functioning” path ...
National Bank of Hungary To Launch Growth Supporting Programme
- 4 Nov 2015 8:00 AM
- business
The National Bank of Hungary will launch a Growth Supporting Programme (GSP) in January with the aim of increasing the banking sector’s lending to small and medium-sized firms by 250-400 billion forints, or 5-10% of total corporate lending stock, in 2016. The GSP comprises the final phase of the NBH’s Funding for Growth Scheme (FGS) as well as a package of incentives for active lenders dubbed the ...
National Bank Of Hungary May Keep Base Rate Unchanged Until 2018, 2019
- 28 Oct 2015 8:00 AM
- business
The National Bank of Hungary (NBH) may keep its base rate at a record-low 1.35% base rate until 2018 or even 2019, beyond its horizon for monetary policy, deputy governor Márton Nagy told Reuters. Nagy also said that the NBH will announce a set of incentives to boost business lending next Tuesday, and it expects to close a deal to acquire a majority stake in the Budapest Stock Exchange within ...
Hungarian Forint Liquidity Of Banking Sector Falls In Sept
- 13 Oct 2015 9:00 AM
- business
Forint liquidity of Hungary’s banking sector fell in September from a month earlier, reflected mainly in the lower average stocks of two-week central bank deposits, the National Bank of Hungary said in a report. The average stock of two-week deposits decreased by 241.8 billion forints to 4,290 billion, the report based on preliminary data shows. The average stock of external assets fell by 350 ...
National Bank Of Hungary Revamps HUF 20,000 Banknote
- 25 Sep 2015 6:00 AM
- business
The National Bank of Hungary (NBH) is issuing a reworked version of the 20,000 forint banknote. The new version will have a different colour scheme, with multiple colours on the front of the note giving an overall blueish-green tone. The size of the banknote will remain the same and it will still portray Ferenc Deák, Hungarian politician and statesman from the 19th century.
Hungary’s President Áder Appoints New Central Bank Deputy Governor
- 25 Aug 2015 9:00 AM
- current affairs
President János Áder has appointed Márton Nagy deputy governor of the National Bank of Hungary (NBH) with effect of September 1, the latest issue of the official gazette Magyar Közlöny said. His predecessor, Ádám Balog, has become chairman-CEO of state-owned MKB Bank.
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.
Demographic Trends Present Difficulties For Growth And Labour Market In Hungary
- 8 Dec 2015 8:00 AM
- business
By 2060, the old-age dependency ratio may double in Hungary compared to the present level, and the burdens on economically active age groups may significantly increase in the coming decades as a result of population ageing, the National Bank of Hungary (NBH) said in its Growth Report. It said the old-age dependency ratio could increase from 26% in 2015 to 52% by 2060, parallel with a decline in ...
City: Hungary Could Return To Investment Grade In 2016
- 1 Dec 2015 8:00 AM
- current affairs
Hungary is set to regain investment grade status next year, and the central bank is likely to embark on a new rate cutting cycle, London-based emerging markets economists said. In a report outlining its revised 2016 forecasts for emerging markets, released to clients in London, Morgan Stanley said that “credit upgrades are overdue” and Hungary will regain its investment grade rating with at least ...
NBH Governor: Hungary Sees Price, Financial Stability Since 2013
- 5 Nov 2015 8:00 AM
- business
Hungary has enjoyed price and financial stability since 2013, when changes got under way at the central bank, the bank’s governor, György Matolcsy, said. Addressing lawmakers in parliament in a debate of the bank’s 2012, 2013 and 2014 business reports, Matolcsy said the bank’s new leadership in place since March 2013 had returned to a “responsible, conservative, but creatively functioning” path ...
National Bank of Hungary To Launch Growth Supporting Programme
- 4 Nov 2015 8:00 AM
- business
The National Bank of Hungary will launch a Growth Supporting Programme (GSP) in January with the aim of increasing the banking sector’s lending to small and medium-sized firms by 250-400 billion forints, or 5-10% of total corporate lending stock, in 2016. The GSP comprises the final phase of the NBH’s Funding for Growth Scheme (FGS) as well as a package of incentives for active lenders dubbed the ...
National Bank Of Hungary May Keep Base Rate Unchanged Until 2018, 2019
- 28 Oct 2015 8:00 AM
- business
The National Bank of Hungary (NBH) may keep its base rate at a record-low 1.35% base rate until 2018 or even 2019, beyond its horizon for monetary policy, deputy governor Márton Nagy told Reuters. Nagy also said that the NBH will announce a set of incentives to boost business lending next Tuesday, and it expects to close a deal to acquire a majority stake in the Budapest Stock Exchange within ...
Hungarian Forint Liquidity Of Banking Sector Falls In Sept
- 13 Oct 2015 9:00 AM
- business
Forint liquidity of Hungary’s banking sector fell in September from a month earlier, reflected mainly in the lower average stocks of two-week central bank deposits, the National Bank of Hungary said in a report. The average stock of two-week deposits decreased by 241.8 billion forints to 4,290 billion, the report based on preliminary data shows. The average stock of external assets fell by 350 ...
National Bank Of Hungary Revamps HUF 20,000 Banknote
- 25 Sep 2015 6:00 AM
- business
The National Bank of Hungary (NBH) is issuing a reworked version of the 20,000 forint banknote. The new version will have a different colour scheme, with multiple colours on the front of the note giving an overall blueish-green tone. The size of the banknote will remain the same and it will still portray Ferenc Deák, Hungarian politician and statesman from the 19th century.
Hungary’s President Áder Appoints New Central Bank Deputy Governor
- 25 Aug 2015 9:00 AM
- current affairs
President János Áder has appointed Márton Nagy deputy governor of the National Bank of Hungary (NBH) with effect of September 1, the latest issue of the official gazette Magyar Közlöny said. His predecessor, Ádám Balog, has become chairman-CEO of state-owned MKB Bank.
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.