26 result(s) for cib in Business
Analysts : Brexit Could Slightly Slow Down Hungary’s Economic Growth
- 25 Jun 2016 9:00 AM
- business
The British vote to leave the European Union could slightly slow down economic growth in Hungary, analysts told MTI in reaction to Brexit. Takarékbank analyst Gergely Suppan said that a reduction in EU funding should not be expected for the time being because it is fixed by contract and Britain’s payment obligations will be maintained until its exit is completed, possibly even until the end of ...
Hungarian Competition Authority Fines Banks USD 13.8 Million
- 13 Jan 2016 8:00 AM
- business
Hungary’s Economic Competition Authority (GVH) has fined the Hungarian Banking Association HUF 4 billion (USD 13.8 million) and the Banker Training Institute HUF 15 million (USD 52,000) for the “unlawful horizontal sharing of information”.
Survey: Hungarians Consider Themselves Uninformed On Financial Affairs
- 28 Oct 2015 8:00 AM
- business
Hungarians consider themselves relatively uninformed as regards to financial affairs, but consult several sources when it comes to finding investment options, a survey conducted jointly by CIB Bank and the GfK research institute showed. The two firms conducted the research by asking online 500 people in the 25-69 age group who use the internet on a weekly basis.
Hungarian Forint Steady Despite Greek Turbulence
- 7 Jul 2015 5:01 AM
- business
Greek woes may mean some temporary weakness for the Hungarian currency but it is set to firm in the medium term, analysts say after a brief wobble. The forint showed resilience on Monday, trading at 316.06 to the euro late in the day, down from 314.68 on Friday but up from 316.44 late Sunday. It hit an intraday low of 317.12 on Monday.
Hungarian Banks File First Reports Challenging Unfairness Of Unilateral Loan Amendment
- 18 Aug 2014 9:00 AM
- business
The Budapest Capital Regional Court has received the first files for legal remedy from banks about the unfairness of unilateral amendment of forex loan contracts, the court’s press department said on Friday.
Capital Raised By HUF 15.4bn At Hungarian Unit Of CIB Bank
- 1 Aug 2014 9:00 AM
- business
Italy’s Intesa Sanpaolo is raising capital at its Hungarian unit, CIB Bank, by 15.4 billion forints (EUR 50m), the lender said on the website of the Budapest Stock Exchange. The raise will take place with the subscription of a single share with a nominal value of 1 forint.
Intesa Sanpaolo Banking Group Remains Faithful To Hungary By Restructuring CIB Bank
- 17 Dec 2013 8:00 AM
- business
The Italian Intesa Sanpaolo banking group stays committed to Hungary, despite its loss-making local subsidiary CIB Bank. Intesa, in a recent interview with Dow Jones news agency, said that it would continue to restructure CIB Bank until it becomes profitable again: “The reorganization has begun and will continue according to the changing market conditions and customer needs.”
Banks In Hungary To Pay 9.5 Billion Forint Fine For Cartel
- 21 Nov 2013 8:00 AM
- business
Hungary’s Competition Authority (GVH) has imposed a 9.5 billion forint fine on 11 commercial banks for the operation of an illegal collusion (cartel) during a repayment scheme for foreign currency mortgage-holders two years ago. According to the GVH, the banks cooperated and shared confidential business information between September 2011 and January 2012 to reduce the scale of mortgage repayments.
Analysts Expect Further Easing By MNB In Hungary
- 15 Dec 2012 6:00 AM
- business
The MNB’s monetary council will cut the base rate from 6.0% to 5.75% at its rate-setting meeting next Tuesday, in the unanimous view of analysts queried by Napi Gazdasag. A similar survey by Reuters last week produced a similar result.
Analysts : Brexit Could Slightly Slow Down Hungary’s Economic Growth
- 25 Jun 2016 9:00 AM
- business
The British vote to leave the European Union could slightly slow down economic growth in Hungary, analysts told MTI in reaction to Brexit. Takarékbank analyst Gergely Suppan said that a reduction in EU funding should not be expected for the time being because it is fixed by contract and Britain’s payment obligations will be maintained until its exit is completed, possibly even until the end of ...
Hungarian Competition Authority Fines Banks USD 13.8 Million
- 13 Jan 2016 8:00 AM
- business
Hungary’s Economic Competition Authority (GVH) has fined the Hungarian Banking Association HUF 4 billion (USD 13.8 million) and the Banker Training Institute HUF 15 million (USD 52,000) for the “unlawful horizontal sharing of information”.
Survey: Hungarians Consider Themselves Uninformed On Financial Affairs
- 28 Oct 2015 8:00 AM
- business
Hungarians consider themselves relatively uninformed as regards to financial affairs, but consult several sources when it comes to finding investment options, a survey conducted jointly by CIB Bank and the GfK research institute showed. The two firms conducted the research by asking online 500 people in the 25-69 age group who use the internet on a weekly basis.
Hungarian Forint Steady Despite Greek Turbulence
- 7 Jul 2015 5:01 AM
- business
Greek woes may mean some temporary weakness for the Hungarian currency but it is set to firm in the medium term, analysts say after a brief wobble. The forint showed resilience on Monday, trading at 316.06 to the euro late in the day, down from 314.68 on Friday but up from 316.44 late Sunday. It hit an intraday low of 317.12 on Monday.
Hungarian Banks File First Reports Challenging Unfairness Of Unilateral Loan Amendment
- 18 Aug 2014 9:00 AM
- business
The Budapest Capital Regional Court has received the first files for legal remedy from banks about the unfairness of unilateral amendment of forex loan contracts, the court’s press department said on Friday.
Capital Raised By HUF 15.4bn At Hungarian Unit Of CIB Bank
- 1 Aug 2014 9:00 AM
- business
Italy’s Intesa Sanpaolo is raising capital at its Hungarian unit, CIB Bank, by 15.4 billion forints (EUR 50m), the lender said on the website of the Budapest Stock Exchange. The raise will take place with the subscription of a single share with a nominal value of 1 forint.
Intesa Sanpaolo Banking Group Remains Faithful To Hungary By Restructuring CIB Bank
- 17 Dec 2013 8:00 AM
- business
The Italian Intesa Sanpaolo banking group stays committed to Hungary, despite its loss-making local subsidiary CIB Bank. Intesa, in a recent interview with Dow Jones news agency, said that it would continue to restructure CIB Bank until it becomes profitable again: “The reorganization has begun and will continue according to the changing market conditions and customer needs.”
Banks In Hungary To Pay 9.5 Billion Forint Fine For Cartel
- 21 Nov 2013 8:00 AM
- business
Hungary’s Competition Authority (GVH) has imposed a 9.5 billion forint fine on 11 commercial banks for the operation of an illegal collusion (cartel) during a repayment scheme for foreign currency mortgage-holders two years ago. According to the GVH, the banks cooperated and shared confidential business information between September 2011 and January 2012 to reduce the scale of mortgage repayments.
Analysts Expect Further Easing By MNB In Hungary
- 15 Dec 2012 6:00 AM
- business
The MNB’s monetary council will cut the base rate from 6.0% to 5.75% at its rate-setting meeting next Tuesday, in the unanimous view of analysts queried by Napi Gazdasag. A similar survey by Reuters last week produced a similar result.