MNB fines Takarék Group HUF 32.5 mln
Photo by Andocs / Shutterstock.com
The National Bank of Hungary (MNB) said it fined Takarék Group HUF 32.5 million for compliance violations.
The central bank and financial market watchdog said various group members had failed to comply fully with rules on lending risk, IT systems, data provision, and enterprise management.
The MNB set deadlines for the Takarék group members to report on corrective measures. The MNB noted that the regulatory shortfalls "do not endanger the banking group's trustworthy operation."
Richter Shareholders Approve HUF 423/Share Dividend
Liz & Chain Rooftop Bar Debuts Sustainable Cocktails
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.
