Central bank withdraws health insurance fundʼs license
Image by Jessica Fejos
The National Bank of Hungary (MNB) yesterday revoked the operating license of health insurance fund PRO V1TA and initiated its liquidation, the central bank said on its website yesterday, according to Hungarian news agency MTI.
Following a targeted audit conducted by the central bank at the fund, the MNB found “serious and repeated violations” in the regulations governing the fund’s operations, jeopardizing the interests of members, MTI reported. The central bank banned the health insurance fund from disposing of the funds assets until the start date of the liquidation, MTI reported
On March 3 last year, a temporary payment moratorium was ordered by the central bank concerning the fund pool affecting fund membersʼ individual health insurance accounts given that the fund kept a substantial portion of its assets with members of the DRB Bank group whose operating licenses were revoked by the MNB, the news agency reported.
MOL Shareholders Approve Dividend of Around HUF 250/Share
Gov't Awards HUF 6.5 bln of Subsidies to SMEs in Underdevelo...
LOT Seoul Flight Lands in Kazakhstan Due to Drunken Passenge...
Liz & Chain Rooftop Bar Debuts Sustainable Cocktails
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
