Passenger Transport Firm Fined HUF 10 mln for Unauthorized Lending

Transport

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The National Bank of Hungary (MNB) on Thursday said it fined B&B Travel Személyszállító HUF 10 million for providing loans to companies for over two years without authorization and prohibited the company from continuing the activity with immediate effect.

MNB found in a probe that the company provided loans that did not qualify as intragroup loans in dozens of cases on a commercial basis for more than two years, without an authorization.

Based on the findings of the probe, MNB is filing a report on suspicion of unauthorized financial activity.

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