25 result(s) for otp bank in Property
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.
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 ...
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.
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.
Report Of Mortgage Rescue Plan Revives Old Fears In Hungary
- 18 Jul 2013 9:00 AM
- property
OTP shares got hammered on Wednesday, falling 3.6%, on news that the government intends to provide further relief to foreign-currency mortgage debtors. Deputy prime minister Tibor Navracsics said in a Tuesday night interview that the government was examining the legal possibilities for amending such mortgage contracts.
Xpat Opinion: Latest Property Market Developments In Hungary
- 26 Nov 2012 8:00 AM
- property
1% of households surveyed by the Hungarian Economic Research Institute (GKI) definitely intend to buy or build a new home in the next 12 months. This is good news because this number was merely 0.3% in the spring of 2010. The record year was early 2008 when 3% of households had such optimistic plans.
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.
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 ...
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.
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.
Report Of Mortgage Rescue Plan Revives Old Fears In Hungary
- 18 Jul 2013 9:00 AM
- property
OTP shares got hammered on Wednesday, falling 3.6%, on news that the government intends to provide further relief to foreign-currency mortgage debtors. Deputy prime minister Tibor Navracsics said in a Tuesday night interview that the government was examining the legal possibilities for amending such mortgage contracts.
Xpat Opinion: Latest Property Market Developments In Hungary
- 26 Nov 2012 8:00 AM
- property
1% of households surveyed by the Hungarian Economic Research Institute (GKI) definitely intend to buy or build a new home in the next 12 months. This is good news because this number was merely 0.3% in the spring of 2010. The record year was early 2008 when 3% of households had such optimistic plans.