ADVERTISEMENT

Takarékbank to provide forex service

Deals

Savings bank Magyar Takarékszövetkezeti Bank Rt (Takarékbank) is launching its online foreign currency trade system today.

Takarékbank is the first among Hungarian banks to take this move, said division manager Szabolcs Brezina. Both immediate deals and forex futures are available through the system. About 200 of the bank's 8,000 clients deal in forex futures, 30 making transactions every day. Clients include small-sized enterprises as well. Takarékbank offers lower risks and lower costs in forex trade than its rivals do, and transfers from accounts are fulfilled within a day, said Brezina. Online investors can be in touch with the bank's forex broker over the phone during an online transaction, he added.

ADVERTISEMENT

IMF raises Hungary 2021 GDP growth forecast to 7.6% Analysis

IMF raises Hungary 2021 GDP growth forecast to 7.6%

Parliament approves amendment to Competition Act Parliament

Parliament approves amendment to Competition Act

New CEO announced at Codic Hungary Appointments

New CEO announced at Codic Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

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.