Finance

MNB

Banks call back Transelektro loans

The creditors of Ganz Transelektro Villamossági Rt (GTV), which exercises ownership rights over the troubled holding company Transelektro, have called...

MNB

Bourse turnover doubles in May

Double-counted turnover on the Budapest Stock Exchange (BÉT) was Ft 1,823.4 billion in May, more than double April's turnover of...

MNB

Forex assets increase to 40.5% of banking sector’s total assets

Foreign currency-denominated assets accounted for 40.5% of Hungarian banks’ combined total assets at the end of March, up from 33.7%...

MNB

CIB Bank Q1 after-tax profits increase 30% yr/yr

CIB Bank Rt had after-tax profit of Ft 6.5 billion in the first quarter of 2006, 30% more than in...

MNB

Citibank pre-tax profits up 7% in 2005

Citibank Zrt had pre-tax profit of Ft 16.2 billion in 2005, 7% more than a year earlier, the bank said...

MNB

OECD calls for more realistic fiscal targets from new government

Hungary's new government should set more realistic fiscal targets and implement them rigorously, otherwise there is a risk of financial...

MNB

HVB Bank takes over ING retail clients

HVB Bank Hungary Zrt announced on Friday it would take over 11,000 retail clients from ING Bank Rt, which is...

MNB

Erste Bank Investment Q1 profits rise 50% yr/yr

Erste Bank Investment Rt, the brokerage of Erste Bank Rt, had after-tax profit of Ft 827 million in the first...

MNB

Non-bank financial businesses’ profits increase 9.8% in Q1

Hungary's non-bank financial businesses, such as leasing and factoring companies, had combined after-tax profit of Ft 11.74 billion in the...

MNB

MNB reports negative balance for 2005

Governor Zsigmond Járai put forward the annual accounts of the National Bank of Hungary (MNB) at its AGM on Wednesday,...

Banking

2010 eurozone target still feasible, says GKI

Hungary can still meet the Maastricht criteria by 2008, in order to adopt the euro in 2010 as planned, but...

MNB

Gov’t to list 20%-40% of motorway management company

The government decided at a cabinet meeting on Tuesday to list 20%-40% of the shares of state-owned National Motorway Management...

MNB

International reserves fall €1.081 bln in April

Hungary's international reserves decreased €1.081 billion in April, after a €1.11 billion increase in March, National Bank of Hungary (MNB)...

MNB

GKI predicts forint firming if reform promises kept

If the new government elected to office a week ago keeps its campaign promises and focuses on managing the budget...

MNB

Interbank forint-market turnover declines in March

Composite turnover on the interbank forint market was Ft 1,986.9 billion in March, a decrease of Ft 484.6 billion compared...

MNB