May 9, 2012, 9:43 pmThe Hungarian government has on Wednesday approved the tax measures which were included in the Convergence Programme (or the Széll Kálmán Plan 2.0 - published on 23 April). In 2010 the government introduced...
April 17, 2012, 4:58 pmDue to the lack of confidence Hungary needs to sign an agreement with the IMF on a financial assistance programme, analysts at Raiffeisen Bank told a press conference on Tuesday. Zoltán Török, chief analyst...
April 5, 2012, 3:14 pm2011 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...
February 1, 2012, 4:22 pmErste 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...
January 26, 2012, 3:04 pmRaiffeisen will earn back the losses suffered in Hungary over an assistance scheme for foreign currency debtors within a manageable timeframe, said Raiffeisen Bank International (RBI) Chief Executive Herbert...
January 16, 2012, 11:01 amFitch 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...
December 23, 2011, 10:51 amA 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...
November 24, 2011, 2:34 pmRaiffeisen Bank International CEO said they may pull out of certain countries, while he confirmed that no withdrawal planned from Hungary for the time being. "We will remain in Hungary for the time being"...
November 24, 2011, 8:37 am(Adds details, charts) Beating the consensus by more than 20%, Raiffeisen Bank International (RBI) posted net consolidated net profit of 130 million euros in the third quarter of 2011, the bank’s...
October 13, 2011, 11:01 am“Eastern Europe is basically doing very good. In reality, there is only one problem: Hungary," said Herbert Stepic, Chief Executive Officer or Raiffeisen Bank International (RBI) in an interview...
October 11, 2011, 11:43 amUniCredit SpA Managing Director Roberto Nicastro Monday said the Italian bank had no issues at its Central Eastern European operations, adding that its exposure to Hungary is minimal. "We are very small,"...
October 11, 2011, 8:25 amRaiffeisen has lowered its target price for Hungary’s Egis to HUF 19,655 from HUF 21,485 previously, while it changed its recommendation to ‘Buy’ from ‘Hold’, saying the drugs...
October 10, 2011, 4:05 pmRaiffeisen Bank International (RBI) has on Monday issued a statement following an announcement on extraordinary measures by Erste Bank today. RBI emphasised that it has low sovereign exposure to peripheral...
October 10, 2011, 11:48 amRaiffeisen has on Monday slashed its target price for OTP Bank by 30% to HUF 5,140 from HUF 7,320 previously, mainly over the recently approved early repayment scheme of FX loans and lower-than-expected...
October 10, 2011, 8:25 amErste Group Bank AG, Austria’s biggest lender, may not repay EUR 1.2 billion in state capital until at least next year, 12 of 15 analysts polled by Bloomberg News estimate. The country has in total...
September 23, 2011, 4:58 pm“It is a grave mistake," the CEO of Raiffeisen Zentralbank (RZB) reacted to Hungarian lawmakers decision to approve a proposal that allows foreign currency borrowers to clearly their outstanding...
