Bank deposits safe and secure, says govt spokesman

History

Bank deposits in Hungary are safe and secure, government spokesman Andras Giro-Szasz said on Friday.

Since the start of 2011, all bank deposits are insured by the National Deposit Insurance Fund (OBA) for up to €100,000, the same threshold as in European Union law, Mr Giro-Szasz said.

The Hungarian government does not intervene in contracts between banks and private individuals, he said. There is no secret government decree to the contrary, he added.

Mr Giro-Szasz said the government was using all means available to determine who was spreading false reports about bank deposits.

ADVERTISEMENT

Reforms to raise productivity would strengthen recovery - OE... Analysis

Reforms to raise productivity would strengthen recovery - OE...

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

Skanska commercial dev unit names new EVP of operations Hung... Appointments

Skanska commercial dev unit names new EVP of operations Hung...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

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.