MNB fines Porsche Bank HUF 19 mln
The National Bank of Hungary (MNB) today said it has fined Porsche Bank HUF 19 million over shortcomings affecting the lenderʼs corporate governance, risk management, capital requirement calculation, accountancy, data reporting and IT activities.
The MNB said the shortfalls revealed do not carry systemic risks and do not threaten the bank groupʼs reliable operation.
The MNB instructed the bank to remedy the shortcomings.
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