58 result(s) for cib
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 Assess Effects Of Bond Issue In Hungary
- 19 Feb 2013 8:00 AM
- current affairs
Hungary's dollar-denominated bond issue lowers the risk that the government will tap the central bank’s foreign-currency reserves, London-based analysts said, after Hungary issued five- and ten-year bonds to a total value of $3.25 billion last Tuesday. The issue practically rules out a loan agreement with the IMF, they remarked, while noting that an IMF loan would have carried much lower yields.
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.
Creative Selector Kicks Off - Crowdfunding In Hungary
- 31 Jan 2012 8:00 AM
- entertainment
"You lack only just a relatively small sum to go to studio and record the album of your band, or you want to put in production your new patent? The first Hungarian crowdfunding page, www.creativeselector.hu helps cultural ideas, NGO-iniciatives, the inventors of silly gadgets or any talent to effectuate their ideas. The portal happily gives space to all sorts of fresh projects, connects creative ...
Fitch Downgrades Hungarian Banks
- 16 Jan 2012 8:10 AM
- business
"Fitch Ratings downgraded its rating of four Hungarian banks, as a consequence of its decision to reduce Hungarian state debt to junk status on January 6. Specifically, the long-term debt of CIB and K&H banks is lowered to “BBB”. Fitch also downgraded the support of the parent concerning CIB, K&H, Erste and Raiffeisen banks.
No Need To Panic! - Fund Managers On Hungary's Forint
- 5 Aug 2010 1:10 AM
- business
"A sweeping majority of fund managers polled by Portfolio.hu in its latest monthly survey project the forint to be closet to 283.70 versus the euro three months from now. The respondents, however, turned out to have grimmer views for the longer term (12 months) than a month ago, with 37% of projecting a 2% plus HUF depreciation.
Hungary's Inflation Picture Not So Fascinating Anymore?
- 11 May 2010 4:00 AM
- business
"Hungary’s inflation eased to 5.6% year on year in April from 5.9% in March, but the Dec/Dec CPI is to come in much higher than previously expected, the consensus forecasts of analyst showed in a Portfolio.hu poll on Monday.
Hungary Posts Never-Before-Seen Trade Surplus In March
- 10 May 2010 4:00 AM
- business
"Hungary posted a record large trade surplus of EUR 653.1 million in March, the Central Statistics Office (KSH) has reported on Monday. The monthly surplus is bigger than the one achieved in the whole of 2009.
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 Assess Effects Of Bond Issue In Hungary
- 19 Feb 2013 8:00 AM
- current affairs
Hungary's dollar-denominated bond issue lowers the risk that the government will tap the central bank’s foreign-currency reserves, London-based analysts said, after Hungary issued five- and ten-year bonds to a total value of $3.25 billion last Tuesday. The issue practically rules out a loan agreement with the IMF, they remarked, while noting that an IMF loan would have carried much lower yields.
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.
Creative Selector Kicks Off - Crowdfunding In Hungary
- 31 Jan 2012 8:00 AM
- entertainment
"You lack only just a relatively small sum to go to studio and record the album of your band, or you want to put in production your new patent? The first Hungarian crowdfunding page, www.creativeselector.hu helps cultural ideas, NGO-iniciatives, the inventors of silly gadgets or any talent to effectuate their ideas. The portal happily gives space to all sorts of fresh projects, connects creative ...
Fitch Downgrades Hungarian Banks
- 16 Jan 2012 8:10 AM
- business
"Fitch Ratings downgraded its rating of four Hungarian banks, as a consequence of its decision to reduce Hungarian state debt to junk status on January 6. Specifically, the long-term debt of CIB and K&H banks is lowered to “BBB”. Fitch also downgraded the support of the parent concerning CIB, K&H, Erste and Raiffeisen banks.
No Need To Panic! - Fund Managers On Hungary's Forint
- 5 Aug 2010 1:10 AM
- business
"A sweeping majority of fund managers polled by Portfolio.hu in its latest monthly survey project the forint to be closet to 283.70 versus the euro three months from now. The respondents, however, turned out to have grimmer views for the longer term (12 months) than a month ago, with 37% of projecting a 2% plus HUF depreciation.
Hungary's Inflation Picture Not So Fascinating Anymore?
- 11 May 2010 4:00 AM
- business
"Hungary’s inflation eased to 5.6% year on year in April from 5.9% in March, but the Dec/Dec CPI is to come in much higher than previously expected, the consensus forecasts of analyst showed in a Portfolio.hu poll on Monday.
Hungary Posts Never-Before-Seen Trade Surplus In March
- 10 May 2010 4:00 AM
- business
"Hungary posted a record large trade surplus of EUR 653.1 million in March, the Central Statistics Office (KSH) has reported on Monday. The monthly surplus is bigger than the one achieved in the whole of 2009.