ADVERTISEMENT

NHB to take over Buda-Cash client portfolios

Analysis

NHB Növekedési Hitel Bank has won a tender to take over the client portfolios of failed brokerage Buda-Cash Brokerház, liquidator PSFN said, Hungarian news agency MTI reported on Friday.

The transfer of the portfolios still requires the approval of the National Bank of Hungary. 

NHB was the only party to offer to take over the portfolios.

Independent brokerage Buda-Cash went under liquidation last spring, after it came under investigation for suspected criminal activity.

ADVERTISEMENT

Slovenia consumer morale down in November Analysis

Slovenia consumer morale down in November

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

The strongest move - Morgan Stanley Hungary head and Chess F... Podcasts

The strongest move - Morgan Stanley Hungary head and Chess F...

New Jewish cultural hub opens in Budapest City

New Jewish cultural hub opens in Budapest

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.