ADVERTISEMENT

MNB to pay dividend to budget by June at the latest

Telco

Image by Jessica Fejos

The National Bank of Hungary (MNB) is expected to pay a HUF 50 billion dividend from last yearʼs earning into the budget by June 30 at the latest, the MNB said today, according to Hungarian news agency MTI.

MNB noted that even with the dividend payment, profit reserves would remain over HUF 100 bln, providing sufficient collateral for possible risks. 

In 2014 MNB had HUF 24 bln in profits with reserves at HUF 36 bln. By 2015, profits grew to HUF 94 bln and reserves to HUF 63 bln. Reserves could reach HUF 108 bln by the end of 2016.

ADVERTISEMENT

Purchasing Managers' Index rises Analysis

Purchasing Managers' Index rises

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

The strongest move - Morgan Stanley Hungary head and Chess F... Podcasts

The strongest move - Morgan Stanley Hungary head and Chess F...

New Jewish cultural hub opens in Budapest City

New Jewish cultural hub opens 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.