Passenger Transport Firm Fined HUF 10 mln for Unauthorized Lending
Photo by Adriana Iacob/Shutterstock.com
The National Bank of Hungary (MNB) on Thursday said it fined B&B Travel Személyszállító HUF 10 million for providing loans to companies for over two years without authorization and prohibited the company from continuing the activity with immediate effect.
MNB found in a probe that the company provided loans that did not qualify as intragroup loans in dozens of cases on a commercial basis for more than two years, without an authorization.
Based on the findings of the probe, MNB is filing a report on suspicion of unauthorized financial activity.
Fuel Prices Move Closer to Avg of Neighboring Countries
Hungary, China to Sign Agreements During Visit by President
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.
