271 result(s) for otp bank
Luxembourg Court Says Hungarian Courts Can Rule On FX Loan Issue
- 13 Feb 2014 8:00 AM
- property
The European Court of Justice said in an opinion on Wednesday that it was up to the Hungarian court to determine “whether the consumers were in a position to understand that they would be subject to additional expense by reason of the difference between the two rates of exchange” in connection with a lawsuit over mortgages denominated in foreign currency.
Hungary's OTP Acquires BPC In Croatia
- 4 Feb 2014 8:00 AM
- business
OTP has signed an agreement to buy Banco Popolare’s Croatian subsidiary (BPC) for HRK107 million, (Ft 4.4 billion) the bank announced on Friday. BPC’s market share is only 0.6% overall, but is over 2% for consumer loans. The bank has 54,000 clients, 30 branches and 30 ATMs.
Fidesz MP Proposes More Cuts To Banking Charges In Hungary
- 28 Jan 2014 8:00 AM
- current affairs
Fidesz lawmaker Szilárd Németh has proposed further cuts to household banking fees. Németh told public radio that he had proposed to Fidesz MPs raising the monthly limit on the free withdrawals and increasing their number from two to four.
Quarter Of Hungary Debt In Hands Of European Banks
- 19 Dec 2013 3:00 AM
- business
Just over 25 percent of Hungary’s debt, amounting to 18.489 billion euros, is in the hands of European banks, business daily Napi Gazdaság said. Of 64 banks assessed by the European Banking Authority, 33 held varying amounts of Hungarian bonds at the end of June.
XpatLoop Interview: Shinsuke Yokochi, Purchasing Director, Comgame 576
- 14 Dec 2013 11:00 AM
I studied finance at Seton Hall University in New Jersey USA.
EU Rules Allow Top Court In Hungary To Set FX Rate In Loan Cases
- 6 Dec 2013 2:00 AM
- property
European Union regulations on unfair contractual obligations enable the top court Kúria to assess the fairness of contracts and in certain cases set the exchange rate, daily Magyar Nemzet said, citing a position by the European Commission.
Csányi Says Putting FX Debt Issue To Political Discourse In Hungary Unwarranted
- 5 Dec 2013 8:00 AM
- property
OTP Bank President-CEO Sándor Csányi told the Hungarian edition of Forbes magazine in an interview published on Thursday that the focus of politics on the issue of foreign-currency debt in Hungary is unwarranted.
Banks In Hungary To Pay 9.5 Billion Forint Fine For Cartel
- 21 Nov 2013 8:00 AM
- business
Hungary’s Competition Authority (GVH) has imposed a 9.5 billion forint fine on 11 commercial banks for the operation of an illegal collusion (cartel) during a repayment scheme for foreign currency mortgage-holders two years ago. According to the GVH, the banks cooperated and shared confidential business information between September 2011 and January 2012 to reduce the scale of mortgage repayments.
GVH Slaps Banks In Hungary With Record Fine
- 21 Nov 2013 8:00 AM
- business
The Competition Office (GVH) has fined 11 banks a total of Ft 9.5 billion – the largest penalty ever imposed in Hungary in a cartel case – after finding that the lenders colluded to obstruct access to forint loans for those taking part in the early debt repayment plan for foreign-currency mortgage debtors.
Luxembourg Court Says Hungarian Courts Can Rule On FX Loan Issue
- 13 Feb 2014 8:00 AM
- property
The European Court of Justice said in an opinion on Wednesday that it was up to the Hungarian court to determine “whether the consumers were in a position to understand that they would be subject to additional expense by reason of the difference between the two rates of exchange” in connection with a lawsuit over mortgages denominated in foreign currency.
Hungary's OTP Acquires BPC In Croatia
- 4 Feb 2014 8:00 AM
- business
OTP has signed an agreement to buy Banco Popolare’s Croatian subsidiary (BPC) for HRK107 million, (Ft 4.4 billion) the bank announced on Friday. BPC’s market share is only 0.6% overall, but is over 2% for consumer loans. The bank has 54,000 clients, 30 branches and 30 ATMs.
Fidesz MP Proposes More Cuts To Banking Charges In Hungary
- 28 Jan 2014 8:00 AM
- current affairs
Fidesz lawmaker Szilárd Németh has proposed further cuts to household banking fees. Németh told public radio that he had proposed to Fidesz MPs raising the monthly limit on the free withdrawals and increasing their number from two to four.
Quarter Of Hungary Debt In Hands Of European Banks
- 19 Dec 2013 3:00 AM
- business
Just over 25 percent of Hungary’s debt, amounting to 18.489 billion euros, is in the hands of European banks, business daily Napi Gazdaság said. Of 64 banks assessed by the European Banking Authority, 33 held varying amounts of Hungarian bonds at the end of June.
XpatLoop Interview: Shinsuke Yokochi, Purchasing Director, Comgame 576
- 14 Dec 2013 11:00 AM
I studied finance at Seton Hall University in New Jersey USA.
EU Rules Allow Top Court In Hungary To Set FX Rate In Loan Cases
- 6 Dec 2013 2:00 AM
- property
European Union regulations on unfair contractual obligations enable the top court Kúria to assess the fairness of contracts and in certain cases set the exchange rate, daily Magyar Nemzet said, citing a position by the European Commission.
Csányi Says Putting FX Debt Issue To Political Discourse In Hungary Unwarranted
- 5 Dec 2013 8:00 AM
- property
OTP Bank President-CEO Sándor Csányi told the Hungarian edition of Forbes magazine in an interview published on Thursday that the focus of politics on the issue of foreign-currency debt in Hungary is unwarranted.
Banks In Hungary To Pay 9.5 Billion Forint Fine For Cartel
- 21 Nov 2013 8:00 AM
- business
Hungary’s Competition Authority (GVH) has imposed a 9.5 billion forint fine on 11 commercial banks for the operation of an illegal collusion (cartel) during a repayment scheme for foreign currency mortgage-holders two years ago. According to the GVH, the banks cooperated and shared confidential business information between September 2011 and January 2012 to reduce the scale of mortgage repayments.
GVH Slaps Banks In Hungary With Record Fine
- 21 Nov 2013 8:00 AM
- business
The Competition Office (GVH) has fined 11 banks a total of Ft 9.5 billion – the largest penalty ever imposed in Hungary in a cartel case – after finding that the lenders colluded to obstruct access to forint loans for those taking part in the early debt repayment plan for foreign-currency mortgage debtors.