331 result(s) for nbh
Hungary’s Central Bank Outlines Proposal For Asset Management Agency
- 13 Nov 2014 1:00 AM
- current affairs
The National Bank of Hungary has outlined a proposal to set up an agency to manage distressed assets. The central bank’s Monetary Council approved a financing limit of 300 billion forints for the manager to buy up “a significant part” of a portfolio it estimated to be worth around 800 billion forints at book value.
Hungarian Banks Disburse Huf 330bn In Loans
- 9 Oct 2014 9:00 AM
- business
Banks disbursed 330.1 billion forints (EUR 1.06bn) of loans by Oct. 3 to small and medium-size enterprises (SMEs) in the second phase of the central bank’s scheme to boost lending for for growth. Contracts signed under phase II totalled 402.7 billion forints.
Hungary’s Central Bank Raises 2014 Inflation To 0.1%
- 24 Sep 2014 9:00 AM
- business
The central bank has raised its 2014 inflation forecast to 0.1% from zero in its previous report. The National Bank of Hungary left its 2015 projection unchanged at 2.5%, according to the main figures of its fresh quarterly Inflation Report.
Hungary’s Central Bank Rejects Opposition Attack On Their Independence
- 8 Sep 2014 4:00 AM
- current affairs
Opposition parties are trying to limit the independence of the central bank, the National Bank of Hungary said. “In recent weeks, some political parties and media outlets close to them have tried, unsuccessfully, to question the legal standing of the NBH in the central bank act and resolutions on its basic tasks,” the bank said.
Hungarian Socialists Criticise Banknote Revamp
- 4 Sep 2014 9:00 AM
- current affairs
The National Bank of Hungary (NBH) on Monday announced it would revamp the banknotes it issues in 2014-2018. The opposition Socialists interpreted the announcement as the government’s admission that it has dropped plans to introduce the euro in Hungary. Sándor Burány, Socialist head of parliament’s budget committee, told MTI that “the government prefers a weak forint, which increases the burden ...
Hungary’s NBH Comments Luxury Office Building Purchase
- 28 Aug 2014 9:00 AM
- property
The National Bank of Hungary (NBH) has purchased the Eiffel Palace office building, located in the centre of Budapest, for EUR 45.3m not including VAT, in order to exploit the advantages from the property investment, the NBH told MTI. The NBH also said the purchase could have a positive effect on the bank’s results.
Hungary’s NBH Leaves Rates On Hold, As Expected
- 27 Aug 2014 9:00 AM
- business
Hungary’s central bank rate-setters left the base rate unchanged at 2.1% at their regular rate-setting meeting on Tuesday. The decision was in line with market expectations. After the previous rate-setting meeting on July 22, when the base rate was reduced from 2.3% to the current level, the Council said it had wound up an easing cycle started almost two years earlier.
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.
Parties Comment On Hungary Debt Ratio Rise
- 19 Aug 2014 10:00 AM
- current affairs
Hungary’s public debt, calculated at nominal value, in line with Maastricht methodology, reached 25,432 billion forints (EUR 81.2bn), or 85.1% of GDP, at the end of June, preliminary data on financial accounts published by the National Bank of Hungary (NBH) on Monday show. Transactions raised the debt by 434 billion forints during the period. The weaker forint boosted it by 65 billion forints. ...
Hungary’s Central Bank Outlines Proposal For Asset Management Agency
- 13 Nov 2014 1:00 AM
- current affairs
The National Bank of Hungary has outlined a proposal to set up an agency to manage distressed assets. The central bank’s Monetary Council approved a financing limit of 300 billion forints for the manager to buy up “a significant part” of a portfolio it estimated to be worth around 800 billion forints at book value.
Hungarian Banks Disburse Huf 330bn In Loans
- 9 Oct 2014 9:00 AM
- business
Banks disbursed 330.1 billion forints (EUR 1.06bn) of loans by Oct. 3 to small and medium-size enterprises (SMEs) in the second phase of the central bank’s scheme to boost lending for for growth. Contracts signed under phase II totalled 402.7 billion forints.
Hungary’s Central Bank Raises 2014 Inflation To 0.1%
- 24 Sep 2014 9:00 AM
- business
The central bank has raised its 2014 inflation forecast to 0.1% from zero in its previous report. The National Bank of Hungary left its 2015 projection unchanged at 2.5%, according to the main figures of its fresh quarterly Inflation Report.
Hungary’s Central Bank Rejects Opposition Attack On Their Independence
- 8 Sep 2014 4:00 AM
- current affairs
Opposition parties are trying to limit the independence of the central bank, the National Bank of Hungary said. “In recent weeks, some political parties and media outlets close to them have tried, unsuccessfully, to question the legal standing of the NBH in the central bank act and resolutions on its basic tasks,” the bank said.
Hungarian Socialists Criticise Banknote Revamp
- 4 Sep 2014 9:00 AM
- current affairs
The National Bank of Hungary (NBH) on Monday announced it would revamp the banknotes it issues in 2014-2018. The opposition Socialists interpreted the announcement as the government’s admission that it has dropped plans to introduce the euro in Hungary. Sándor Burány, Socialist head of parliament’s budget committee, told MTI that “the government prefers a weak forint, which increases the burden ...
Hungary’s NBH Comments Luxury Office Building Purchase
- 28 Aug 2014 9:00 AM
- property
The National Bank of Hungary (NBH) has purchased the Eiffel Palace office building, located in the centre of Budapest, for EUR 45.3m not including VAT, in order to exploit the advantages from the property investment, the NBH told MTI. The NBH also said the purchase could have a positive effect on the bank’s results.
Hungary’s NBH Leaves Rates On Hold, As Expected
- 27 Aug 2014 9:00 AM
- business
Hungary’s central bank rate-setters left the base rate unchanged at 2.1% at their regular rate-setting meeting on Tuesday. The decision was in line with market expectations. After the previous rate-setting meeting on July 22, when the base rate was reduced from 2.3% to the current level, the Council said it had wound up an easing cycle started almost two years earlier.
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.
Parties Comment On Hungary Debt Ratio Rise
- 19 Aug 2014 10:00 AM
- current affairs
Hungary’s public debt, calculated at nominal value, in line with Maastricht methodology, reached 25,432 billion forints (EUR 81.2bn), or 85.1% of GDP, at the end of June, preliminary data on financial accounts published by the National Bank of Hungary (NBH) on Monday show. Transactions raised the debt by 434 billion forints during the period. The weaker forint boosted it by 65 billion forints. ...