Banking

Investment Funds Assets Climb 3pct to HUF 3,668 Billion in August

Assets in Hungarian investment funds grew 3.1pct to HUF 3,668 billion at the end of August from a month earlier, the Hungarian Association of Investment Funds and Asset Managers (BAMOSZ) said on September 15.


PRESS MONITOR

International news sources report on Hungarian economics and banking issues.


PRESS MONITOR

International news sources report on Hungarian government, politics and banking.


Fourth Purchase of Mortgage Bonds in the Primary Market

Under the mortgage bond purchase program announced by the Monetary Council on February 8, 2010, the MNB has made its fourth purchase of mortgage bonds in the Hungarian primary market.


Central Bank Forecasts Fourth-Quarter Inflation Better than Expected

Hungary will record inflation at 3.6pct in the fourth quarter of 2010 and 3.3pct in the first quarter of 2011, the National Bank of Hungary (NBH) said in its quarterly inflation report on August 25.


Financial Authority on Foreign Currency-denominated Loans

The Hungarian Financial Supervisory Authority (PSZÁF) suggests that banks should use either their own official middle rate or the one of the Central Bank when calculating the monthly reimbursement of debtors.


In June 2010 Forint Borrowing by Households Exceeded Repayments

As in the previous month, in June 2010, forint borrowing by households exceeded repayments, i.e. the sector was a net borrower, while repayments in foreign currency exceeded borrowing, i.e. the sector was a net repayer.


PRESS MONITOR

International news sources report on Hungarian business and economy.


Parliament Approves Bank Levy

Late on July 22, parliament approved a three-year bank levy which is to generate budget revenues of HUF 200 billion in 2010, including some HUF 13 billion in revenue from extraordinary bank taxes already in place.


PRESS MONITOR

International news sources report on Hungarian banking, business and government.


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