ADVERTISEMENT

MNB books “tens of billions of forints” in profit in 2013

Deals

The National Bank of Hungary (MNB) closed 2013 with profit “in the tens of billions of forints,” the central bank reported on Wednesday, citing preliminary figures. The MNB said a month earlier that it finished 2013 in the black but did not say anything about the scale of the profit.

The MNB noted that its previous management had projected a HUF 203 billion loss for the central bank in 2013: “The new central bank management managed in nine months to close 2013 with a profit, without putting at risk its primary goals as laid down in the law.”

The MNB will publish detailed, audited data from 2013 in April.

ADVERTISEMENT

Business, consumer confidence slip in May Analysis

Business, consumer confidence slip in May

Parl't elects Orbán prime minister Parliament

Parl't elects Orbán prime minister

New managing director at LG Electronics Hungary Appointments

New managing director at LG Electronics Hungary

Airport bus fare could rise to HUF 1,500 City

Airport bus fare could rise to HUF 1,500

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.