Hungary banking system capital-strong, says Financial Stability Council
Hungary’s banking system is capital-strong and stable, and it has significant reserves at its disposal as a defense against unfavourable external effects, the Financial Stability Council established at a meeting on Thursday, the National Economy Ministry told MTI.
The council, made up of financial market watchdog PSZAF head Karoly Szasz, National Bank of Hungary governor Andras Simor and National Economy Ministry Gyorgy Matolcsy, met on Thursday. Minister without portfolio in charge of Hungary’s talks with the IMF and EU Tamas Fellegi and Hungarian Banking Association chairman Daniel Gyuris also participated at the meeting.
All of the participants were in full agreement that the Hungarian financial intermediary system continued to fulfill its tasks smoothly.
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.