Tag: banks

The Hungarian Banking Association takes note that the government wants to implement a financial transaction tax, but it would not like if Parliament approved the bill it in its current form, Chairman Mihály... 

The National Bank of Hungary (NBH) has announced on Wednesday that it will stand ready to offset the recent weakening in banks’ capacity to lend by introducing a two-year collateralised credit facility... 

Talks between Hungary’s government, local governments and banks will start within weeks to find a solution for municipalities that suffer under a HUF 1,300 billion debt burden, János Lázár, parliamentary... 

A total of 142,000 foreign currency loans were terminated in Hungary between 29 September 2011 and 30 January 2012 in a scheme that allowed early repayment in a lump sum at below-market exchange rates... 

According to the latest estimate, Hungarian commercial banks are facing losses of HUF 210 billion (EUR 717.72 m) from a government programme assisting foreign currency mortgage holders in repaying their... 

Fitch Ratings downgraded Hungarian banks CIB Bank Zrt's (CIB) and Kereskedelmi és Hitelbank Zrt's (K&H) Long-term Issuer Default Ratings (IDR) to 'BBB' from 'A-' with Negative Outlook and CIB's, K&H's... 

State-owned Hungarian Development Bank (MFB) may buy a 38.5% minority stake in Takarékbank so that the state could assume a more active role with this package, currently held by Germany’s DZ Bank... 

Hungary’s government and the Banking Association have reached an agreement on how to solve the problem of foreign currency mortgage debtors, whose monthly instalments could subsequently decrease... 

Although the mortgage prepayment plan is slowing Hungary’s economy down, the CEE region as a whole is still offering the best growth opportunities to banks, ING Bank’s regional CEO Alexander... 

The Hungarian Banking Association will continue talks with the government on finding a solution for the problem of foreign-currency debtors, government spokesman András Giró-Szász told a press conference... 

The Hungarian Banking Association has stated that Hungarian banks will continue talks with the government on FX denominated lending despite moves by domestic authorities which banks said broke an agreement... 

Hungary’s National Economy Minister assigned a three-member delegation to negotiate with the Banking Association on ways to fix the problem of the high ratio of foreign currency loans. The central... 

Standard & Poor’s has announced on Wednesday that it is maintaining its Banking Industry Country Risk Assessment (BICRA) on Hungary at group ‘7’ along with its economic risk score also...