MNB fines MagNet Bank for violations

Competition

The National Bank of Hungary (MNB) fined MagNet Magyar Community Bank HUF 10 mln on violations the central bank found in its comprehensive review, MNB said yesterday on its website.

According to the central bank, it instructed MagNet to comply with regulations on assessing the creditworthiness of retail clients and correct other violations by the end of September.

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