Pallas Athéné Foundation Assets Edge Over HUF 281 bln

Figures

Image by Shutterstock.com

Assets of the National Bank of Hungary's Pallas Athlné Foundation reached HUF 281.5 billion at the end of the third quarter, the foundation's asset manager, Optima, told state news wire MTI.

The assets included HUF 246.5 bln in investment fund units, HUF 17.1 bln in bank deposits, HUF 17.6 bln in corporate bonds and HUF 0.3 bln in real estate. 

The foundation and its legal predecessors have awarded HUF 13.1 bln in academic and scientific grants to 1,694 applicants since 2014.

ADVERTISEMENT

K&H Bank Fined for Irregularities Banking

K&H Bank Fined for Irregularities

MPs Approve Tax Changes Parliament

MPs Approve Tax Changes

Higher Sugar Prices Raising Holiday Candy Costs Retail

Higher Sugar Prices Raising Holiday Candy Costs

Hungarian Tourism in Croatia Returning to Pre-pandemic Level... Tourism

Hungarian Tourism in Croatia Returning to Pre-pandemic Level...

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.