Rogán: Beva should compensate investors for corporate bonds

MNB

Hungaryʼs Investor Protection Fund (Beva) should also offer compensation to investors for corporate bonds, Fidesz caucus leader Antal Rogán said on commercial television TV2 today, during an interview in connection with the recent scandals at the Buda-Cash and Quaestor brokerages.

Rogán noted, however, that investors should realize that buying bonds comes with greater personal risks than making a bank deposits. The return on bonds, however, is considerably higher than the interest rates offered by bank, hence the risk.

Hungarian news agency MTI noted that while Buda-Cash investors may apply for compensation from Friday, the question of whether Bevaʼs coverage extends to the more than HUF 100 bln in corporate bonds issued by a unit of Quaestor remains unanswered.

MNB data show that about two-thirds of Quaestorʼs 30,000-32,000 bond holders have individual investments under the HUF 6 mln Beva threshold, MTI added.

ADVERTISEMENT

PMI rises to 57 in June Analysis

PMI rises to 57 in June

Lawmakers postpone expanded data provision for tourism secto... Parliament

Lawmakers postpone expanded data provision for tourism secto...

MNB and Budapest Institute of Banking executive director Ger... Podcasts

MNB and Budapest Institute of Banking executive director Ger...

FINA head thanks Hungary for hosting 2022 worlds City

FINA head thanks Hungary for hosting 2022 worlds

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.