271 result(s) for otp bank
Hungary's Kúria Rules Against OTP On FX Loans
- 4 Jun 2014 9:00 AM
- property
OTP should not have issued a foreign-currency loan at the bank’s buying rate while requiring the borrower to repay it at the selling rate, the Kúria declared in a Tuesday ruling.
Top Hungarian Court Rules On FX Loan Case
- 4 Jun 2014 9:00 AM
- property
The Kúria, Hungary’s supreme court, on Tuesday ruled invalid a clause in a contract for a loan denominated in foreign currency that stated the client received the loan at the bank’s buying exchange rate and paid it back at the selling rate.
Mobile Payment And E-Shopping Boom Expected In Hungary
- 19 May 2014 9:00 AM
- tech
Hungary, a leader in international comparison in the number and active use of contactless PayPass™ bank cards, is up for a boom in mobile payments, as the contactless technology can open the way for even more innovative payment solutions. Furthermore, MasterPass™, a new global platform by MasterCard can transform online shopping and make checkout simpler and quicker than ever for customers ...
Luxembourg Rules FX Loan Ball Is In Hungarian Court
- 29 Apr 2014 9:00 AM
- property
The European Court of Justice has ruled that it is up to Hungary’s top court to decide in the case of a private individual who sued their bank over her contract for a mortgage denominated in foreign currency, Magyar Nemzet daily says. It ruled in the case of Sebestyén versus Raiffeisen Bank, which follows a similar landmark case launched by the Kásler couple.
Hungary’s OTP Bank Chief: Early FX Loan Repayment “Most Damaging Measure” Of Past 4 Years
- 28 Apr 2014 9:00 AM
- property
The government’s early repayment scheme for troubled mortgageholders who borrowed in foreign currency was its most damaging measure of the past four years, OTP Bank chief Sándor Csányi told the bank’s AGM on Friday.
Hungary Returned To Hungarians, Says Orbán
- 27 Mar 2014 3:00 AM
- current affairs
Hungary has been returned to the Hungarians, the prime minister said on Wednesday, evaluating the performance of his government in the past four years. Speaking on public television, Viktor Orbán listed among major achievements the adoption of the new constitution, “saving the country from an economic and financial collapse” and an overall reform of the health-care, education, economy, ...
Lawmakers Can Modify Forex Loan Contracts, Hungary’s Constitutional Court Rules
- 18 Mar 2014 8:00 AM
- property
Existing contracts for foreign-currency mortgages may be modified by legislation, Hungary’s Constitutional Court ruled. Its decision came after the government asked the court to weigh the constitutionality of several conditions in the forex loan contracts. Among the government’s concerns was that borrowers had not been warned of the risks that a falling exchange rate would have on their monthly ...
21st Century Museums Promised In Budapest's City Park
- 4 Mar 2014 8:00 AM
- community & culture
New museums planned to be built as part of the Liget Budapest project in the City Park are expected to contribute 21st-century features to the city’s architecture, but will also treat the city’s historical heritage with respect, Minister for Human Resources Zoltán Balog says. Six museums will be set up in five buildings, including the New National Gallery and Ludwig Museum of Contemporary Art, ...
Rahimkulov Invests In Hungary's BTel
- 13 Feb 2014 8:00 AM
- business
Skillinvest, a firm linked to OTP investor Megdet Rahimkulov, has injected Ft 500 million into BTel, raising its stake in the telecoms company to 7.5%. Skillinvest, founded in 2013, has not yet filed financial reports with the company registry. Its leaders are Judit Bankó, Josif Vasser and Timur Rahimkulov, son of former Gazprom representative Megdet Rahimkulov.
Hungary's Kúria Rules Against OTP On FX Loans
- 4 Jun 2014 9:00 AM
- property
OTP should not have issued a foreign-currency loan at the bank’s buying rate while requiring the borrower to repay it at the selling rate, the Kúria declared in a Tuesday ruling.
Top Hungarian Court Rules On FX Loan Case
- 4 Jun 2014 9:00 AM
- property
The Kúria, Hungary’s supreme court, on Tuesday ruled invalid a clause in a contract for a loan denominated in foreign currency that stated the client received the loan at the bank’s buying exchange rate and paid it back at the selling rate.
Mobile Payment And E-Shopping Boom Expected In Hungary
- 19 May 2014 9:00 AM
- tech
Hungary, a leader in international comparison in the number and active use of contactless PayPass™ bank cards, is up for a boom in mobile payments, as the contactless technology can open the way for even more innovative payment solutions. Furthermore, MasterPass™, a new global platform by MasterCard can transform online shopping and make checkout simpler and quicker than ever for customers ...
Luxembourg Rules FX Loan Ball Is In Hungarian Court
- 29 Apr 2014 9:00 AM
- property
The European Court of Justice has ruled that it is up to Hungary’s top court to decide in the case of a private individual who sued their bank over her contract for a mortgage denominated in foreign currency, Magyar Nemzet daily says. It ruled in the case of Sebestyén versus Raiffeisen Bank, which follows a similar landmark case launched by the Kásler couple.
Hungary’s OTP Bank Chief: Early FX Loan Repayment “Most Damaging Measure” Of Past 4 Years
- 28 Apr 2014 9:00 AM
- property
The government’s early repayment scheme for troubled mortgageholders who borrowed in foreign currency was its most damaging measure of the past four years, OTP Bank chief Sándor Csányi told the bank’s AGM on Friday.
Hungary Returned To Hungarians, Says Orbán
- 27 Mar 2014 3:00 AM
- current affairs
Hungary has been returned to the Hungarians, the prime minister said on Wednesday, evaluating the performance of his government in the past four years. Speaking on public television, Viktor Orbán listed among major achievements the adoption of the new constitution, “saving the country from an economic and financial collapse” and an overall reform of the health-care, education, economy, ...
Lawmakers Can Modify Forex Loan Contracts, Hungary’s Constitutional Court Rules
- 18 Mar 2014 8:00 AM
- property
Existing contracts for foreign-currency mortgages may be modified by legislation, Hungary’s Constitutional Court ruled. Its decision came after the government asked the court to weigh the constitutionality of several conditions in the forex loan contracts. Among the government’s concerns was that borrowers had not been warned of the risks that a falling exchange rate would have on their monthly ...
21st Century Museums Promised In Budapest's City Park
- 4 Mar 2014 8:00 AM
- community & culture
New museums planned to be built as part of the Liget Budapest project in the City Park are expected to contribute 21st-century features to the city’s architecture, but will also treat the city’s historical heritage with respect, Minister for Human Resources Zoltán Balog says. Six museums will be set up in five buildings, including the New National Gallery and Ludwig Museum of Contemporary Art, ...
Rahimkulov Invests In Hungary's BTel
- 13 Feb 2014 8:00 AM
- business
Skillinvest, a firm linked to OTP investor Megdet Rahimkulov, has injected Ft 500 million into BTel, raising its stake in the telecoms company to 7.5%. Skillinvest, founded in 2013, has not yet filed financial reports with the company registry. Its leaders are Judit Bankó, Josif Vasser and Timur Rahimkulov, son of former Gazprom representative Megdet Rahimkulov.