Hungaryʼs central bank fines MagNet Bank HUF 5.5 mln

MNB

The National Bank of Hungary (MNB) fined MagNet Bank HUF 5.5 mln for not complying with regulations on liabilities of informing clients, the central bank said today in an announcement.

The announcement notes that MNB called MagNet Bank to comply with the regulations.

The MNB said on August 4 that it fined MagNet Bank HUF 10 mln on violations the central bank found in its comprehensive review. 

ADVERTISEMENT

Cropland Prices in Hungary Reach HUF 1.9 mln/hectare Land

Cropland Prices in Hungary Reach HUF 1.9 mln/hectare

MPs Approve Tax Changes Parliament

MPs Approve Tax Changes

BMW Adding Battery plant in Debrecen, Doubling Investment Va... Manufacturing

BMW Adding Battery plant in Debrecen, Doubling Investment Va...

Hard Rock Hotel Opens 'Star Chalet' for Winter Season Hotels

Hard Rock Hotel Opens 'Star Chalet' for Winter Season

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.