Lőrinc Mészáros Reportedly Set to Create New “Megabank” in Hungary According to a recent report by left-wing Hungarian news site 24.hu, there are plans in place to create a huge,... 2018.06.15.
Central Bank: Profitability Of Hungary’s Banking Sector Reaches Pre-Crisis Levels Hungarian banks profitability remained extremely high in the first half of 2017, although this is still due mainly to unsustainable,... 2017.11.30.
Central Bank To Boost Bank Sector's Lending Activity In Hungary Hungary's National Bank (MNB) will launch a Growth Supporting Programme (GSP) in January with the aim of increasing the banking... 2015.11.04.
Hungarians Feel Rather Uninformed About Financial Affairs, Survey Reveals Hungarians consider themselves relatively uninformed as regards to financial affairs, but consult several sources when it comes to finding investment... 2015.10.27.
Moody’s More Optimistic About Hungary’s Banking System As Standard and Poor’s Upgrades MOL’s Outlook Moody’s Investors Service has revised its outlook for Hungary’s banking system to stable from negative. Moody’s sees the bank sector operating... 2015.07.17.
Number Of Bank Accounts In Hungary Down By 2,3% Year-On-Year The number of bank accounts in Hungary reached 10,368,626 at the end of March, down 2.3% from twelve months earlier,... 2015.07.01.
Hungarian Government To Reduce Tax Burden On Banks In Exchange For Increase In Lending Activity New tax regulation will enable some 40 percent of Hungarian banks to pay less tax, as the government incentive leaves... 2015.06.15.
PM, Foreign Minister Encourage Arab Bank Leaders To Invest In Hungary Hungary is an “open and friendly” country which does not put obstacles before investments, PM Viktor Orbán said in his... 2015.06.09.
Central Bank Governor Hails MNB’s Role In Hungary’s Economic Recovery Hungary has successfully concluded crisis management efforts in the 2010-2015 period, György Matolcsy, the governor of Hungary's central bank (MNB),... 2015.05.30.
Hungary’s National Bank Urges Lenders To Support Economic Growth Hungary’s central bank (MNB) wants banks to declare how they plan to support economic growth in the coming years, as... 2015.05.10.
OTP CEO Laments “Unfair” And “Unjustified” Bailout For Troubled Brokerage Firms It is unfair for the rest of the financial sector to pay for the losses racked up by other investment... 2015.04.02.
Constitutional Court Approves Legislation On Forex Loans Hungary’s Constitutional Court said the use of exchange rate margins in calculating repayments on forex loans was in line with the constitution. The court... 2015.03.19.
OTP Bank Pays Dividend Despite HUF 102 Billion Loss In 2014 Hungary-based OTP Bank expects to pay a 146 forint-per-share dividend on 2014 earnings, chairman-CEO Sándor Csányi said after the lender published... 2015.03.09.
Forex loans: Banks To Start Compensation Process This Week As of this week, bank customers will feel some tangible effects as banks are to repay income generated by unfair,... 2015.03.02.
Central Bank Management Holds Talks With Hungary's Banking Bosses The management of the National Bank of Hungary (MNB) met with the heads of the country’s biggest banks on Monday to discuss the... 2015.02.16.
Erste And Raiffeisen To Negotiate With Hungarian Government Spokesmen for Austria’s Erste Group and Raiffeisen Bank International confirmed that the lenders are in talks with the Hungarian government, though Raiffeisen stressed that for... 2014.12.19.
MNB To Close Down Széchenyi Commercial Bank The National Bank of Hungary (MNB) withdrew the operating license of Széchenyi Commercial Bank and ordered it to wind up. The central bank and... 2014.12.08.
Government To Submit “Fair Banks” Bill To Parliament The bill on “fair banks” submitted by the government on Tuesday would lock interest rates for loans of less than three years and... 2014.11.12.
Hungarian State Bought Banks Hungary's national postal company, the state-owned Magyar Posta has bought a 49 percent stake in FHB Kereskedelmi Bank for 28.5... 2014.10.01.
Rogán Laments Banking Association Antal Rogán, leader of the Fidesz parliamentary group has labelled “unacceptable” that the Banking Association has put the president of the... 2014.09.30.
Hungarian Parliament Approved Banks Settlement Law Parliament on Wednesday passed into law a government-initiated bill, under which lenders must compensate clients for provisions in loan contracts deemed... 2014.09.25.
