May 21, 2012, 4:10 pmK&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...
May 16, 2012, 4:48 pmHungary’s OTP Bank published its first-quarter after-tax profit which came in nearly 20% above analysts’ consensus estimate, which can be attributed to smaller-than-expected provisioning. But...
April 11, 2012, 1:49 amThe International Monetary Fund has criticized Hungary's mortgage restructuring scheme in its latest World Economic Outlook report. Hungary: A bad example Crisis in the real estate market and economic...
March 12, 2012, 2:53 pmThe weekly euro sale tenders launched by the National Bank of Hungary (NBH) on 3 October 2011 to cover the FX need of commercial banks related to the early repayment of FX mortgages ended on 27 February....
March 9, 2012, 4:40 pmAnalysing the quarterly earnings reports of Hungary’s OTP Bank has not been an easy task recently. These flash reports are so full of one-off items as a bingo bus on a Friday evening and the consensus...
February 7, 2012, 3:49 pmA 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...
February 2, 2012, 4:43 pmAccording 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...
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...
December 16, 2011, 12:01 pmHungary's government shaking hands with banks on tackling the country's foreign currency loan problem will significantly reduce the risk associated with the country, said Mihály Patai, Chairman of the...
December 15, 2011, 4:45 pmThe National Bank of Hungary (NBH) has on Thursday welcomed the agreement reached between the government and the Banking Association, but it said that it will only make its foreign currency reserves available...
December 15, 2011, 2:00 pmHungary’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...
December 12, 2011, 9:21 amIn November, banks in Hungary have submitted bids for EUR 320 million (HUF 98 billion) to the weekly euro tenders of the National Bank of Hungary in order to carry out the government's FX loan conversion...
December 8, 2011, 10:41 amHungary’s government can reach an agreement with the Banking Association on new opportunities for foreign currency borrowers by Christmas, said Zoltán Cséfalvay, state secretary at the Economy Ministry...
December 7, 2011, 11:56 amHungary’s banks have offered to bear a burden of HUF 400-500 billion (EUR 1.33-1.66 bn) in the coming years in an effort to find a solution to the country’s foreign currency loan problem,...
December 2, 2011, 4:20 pmHungary’s government has started to size up public employees’ foreign-currency debts, aiming to give them some kind of assistance just like it did to other FX mortgage borrowers with the early...
November 30, 2011, 3:52 pmThe 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...
November 30, 2011, 12:35 pmThe 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...
November 29, 2011, 11:01 amHungarian banks may withdraw a series of proposals submitted to the government to ease the burden of foreign-currency borrowers, local daily Magyar Nemzet reported on Tuesdya, citing unnamed sources. ...
November 24, 2011, 4:18 pm(Adds details) Hungarian lawmakers have silently passed a modification to next year’s tax laws that jeopardises the agreement with banks on the solution of FX debtors’ problems by slapping...
