MNB withdraws licence from Argentum Holding
The National Bank of Hungary (MNB) has withdrawn the license of lender and financial leasing service provider Argentum Holding and ordered the company to be wound up, the MNB said on Friday, as reported by Hungarian news agency MTI.
The MNB said it withdrew the license of Argentum because, in breach of the law, the company is no longer connected to the central credit information system. Argentum has also failed to meet its data reporting obligations to the MNB for a long time and failed to comply with the central bankʼs ensuing sanctions.
Argentum Holding played a marginal role on the market, the MNB added.
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.