ADVERTISEMENT

Consultation body of interbank clearing house GIRO holds first meeting

Telco

The consultation body of interbank clearing house GIRO held its first meeting on Friday, the National Bank of Hungary (MNB) said on Friday. Members delegated by the Hungarian Banking Association and banks, representatives of the MNB and leading officials of GIRO attended the meeting. 

The consultation body was set up by the MNB after it raised its stake to 100% through buying out the stakes held by banks and its own 53% unit Keler in July 2014. The banks' representatives expressed their opinion on the strategy approved by GIRO's board, the MNB said.

GIRO conducts HUF 300 mln in interbank transactions per year, typically conducting small-value transfers, while large-value transactions are settled mainly through the MNB's real-time settlement system VIBER. GIRO's share in all interbank transactions is about 99% by number and 5% by value. The company posted pre-tax profit of HUF 1.7 bln on revenue of nearly HUF 6 bln in 2013.

ADVERTISEMENT

Consumer, business confidence reach 2-year high - GKI Analysis

Consumer, business confidence reach 2-year high - GKI

Parl't votes to phase out savings coops integration framewor... Parliament

Parl't votes to phase out savings coops integration framewor...

Roche Szolgáltató appoints P&C business partner lead Appointments

Roche Szolgáltató appoints P&C business partner lead

Budapest airport shuttle bus service expanded City

Budapest airport shuttle bus service expanded

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.