Hungarian banks have received a reprieve from Parliament, which extended the deadline for mandatory authentication of all private customer identities from the original June 26th to October 31st.
The new online banking service will be available seven days-a-week, 24 hours-a-day and it will take five seconds for the transferred money to arrive at its destination
The old notes, first issued before 2016, will be in circulation until July 31 before the National Bank of Hungary starts withdrawing them. From August 1, it will be possible...
The bank is to announce a number of acquisitions and may enter a new market next year. It also announced that it is to acquire Croatia’s Splitska Banka from Societe...
The rebate would carry an upper limit and would be available to banks that increase their corporate loan stock by at least 20 percent
"The adjustment period which lasts until 2020 will support a recovery in lending ... while also strengthening financial stability," the National Bank of Hungary said
The results are thanks to the release of risk provisions, the lower bank levy and a gain through the sale of VISA Europe shares compensated for a drop in operating profit
The purchase agreement includes the transfer of retail credit and savings, as well as the corporate portfolio and employees of AXA Bank Europeʼs Hungarian branch
The sale price was 37 bn HUF, more than the 32 bn HUF indirect government support the European Commission found MKB to have received during its restructuring
Economic growth expected at 2.5 percent this year and lending should grow at an even faster pace
The upgrades reflect the improved ability of the government to provide extraordinary support
Government intends to sell bank in an open process and no priority will be given to domestic investors
Hungarian officials promise a warm reception for investors and point to reductions in the bank levies as evidence