MNB fines Banif Plus Bank for violating settlement rules

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The National Bank of Hungary (MNB) has fined Banif Plus Bank HUF 18 mln for violating the rules on the settlement of compensation due under borrowers’ relief legislation, the central bank said yesterday. 

The MNB said Banif Plus Bank had failed to send more than 35,500 notifications to clients on the settlement and ordered the lender to fulfill its legal responsibilities immediately. 

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