Tag: bank

K&H Bank, the Hungarian unit of Belium’s KBC Group, posted HUF 368 million after-tax profit in the first quarter of 2012, the bank announced on Monday. Adjusted for one-offs and the bank tax K&H’s... 

2011 was a “very bad" year for the Hungarian unit of Raiffeisen Bank International (RBI), in fact it was worse than what the bank expected, CEO Heinz Wiedner told a press conference in Budapest on... 

The European Commission has on Wednesday under EU state aid rules a recapitalisation of HUF 30 billion (cc EUR 100 million) and a loan under the Hungarian liquidity scheme of approximately HUF 120 billion... 

Erste Bank expects the hit from Hungary's move to let borrowers repay foreign-currency loans at below-market exchange rates to be in line with the provisions for this it built last year, the Austrian lender... 

The crisis Hungary is currently in is self-inflicted, but the government could change all that in four weeks if it really wanted to, said Andreas Treichl, Erste Bank Group AG’s Chief Executive Officer... 

A board meeting at Raiffeisen Bank Hungary approved a HUF 106 billion capital increase on Wednesday, the bank said. The capital increase is another proof of Raiffeisen's commitment to Hungary in this... 

The Hungarian government will not submit the new central bank law to Parliament before receiving the assessment of the bill from the European Central Bank (ECB), the government spokesman's office said... 

The European Commission has given Hungary a ten-week deadline to respond to concerns by banks over a government scheme that allows full early repayment of foreign currency-denominated mortgages at discounted... 

Top officials at eight big banks have urged the European Commission support them in a dispute with Hungary over a law that saddles lenders with big losses on foreign-currency loans, Reuters reported on... 

Not so long ago, promises were made by one government official after another that Hungary’s cabinet will come up with new measures to assist distressed foreign currency borrowers. But not one week... 

Nearly 4,500 Erste Group Bank clients in Hungary with foreign-currency loans have opted so far to take advantage of a law that lets them repay their outstanding debt in one go at below-market rates, the... 

Every negative factor that exerts a negative impact on Hungary’s banking sector affects smaller, Hungarian-owned companies much more severely, said Zsolt Hernádi, Chairman-CEO of fuels group MOL... 

In a lecture titled ’Do we need to prepare for a perfect storm?’ Piroska Mohácsi Nagy, Director for Country Strategy and Policy at the European Bank for Reconstruction and Development (EBRD)... 

A number of large European banks are asking for immense sums of money, claiming that without this assistance they cannot lend; and if there’s no lending, the economy will stop; and if there’s... 

The Hungarian government does not plan to receive revenues from the so-called ‘crisis taxes’ beyond 2012, show the revenue forecasts submitted to the 2012 budget bill by Economy Minister György... 

Austrian banks do not need more state capital despite the damage done by Hungary's allowing citizens to repay foreign-currency loans at below-market rates, Finance Minister Maria Fekter told Austrian radio... 

Moody's Investors Service has announced late on Tuesday that it placed on review for downgrade the standalone bank financial strength ratings (BFSR) of six Hungarian banks and the debt and deposit ratings... 

Hungary’s government is working on a scheme to assist also those foreign currency borrowers who were barred by a recently approved legislation from participating in an early repayment programme at...