56 result(s) for currency in Property
Hungarian Cabinet Issues Mortgage Ultimatum To Banks
- 6 Sep 2013 9:00 AM
- property
If banks do not come up with a way to modify foreign-currency mortgage contracts for the benefit of customers by November 1, then the cabinet will submit its own proposal, Fidesz caucus leader Antal Rogán said yesterday.
Hungary's Gov’t May Mandate FX Mortgage Solution
- 5 Aug 2013 8:00 AM
- property
The government will present its own proposal on foreign-currency mortgages to Parliament if it does not reach an agreement with the banks in the autumn, Economy Minister Mihály Varga said yesterday. One day after meeting with bank leaders, he said on TV2 on Kossuth Radio and in an interview with Magyar Hírlap that a solution must enable the conversion of foreign-currency loans into forint-based ...
Hungarian Minister Talks With Advocacy Groups Re Foreign Currency Loans
- 1 Aug 2013 7:00 AM
- property
Minister for National Economy Mihály Varga met with representatives of the Civil Összefogás Fórum-Civil Összefogás Közhasznú Alapítvány (Civic Forum-Civic Union Public Benefit Foundation) earlier today in order to come to a compromise and a satisfying, solidarity-based solution with regard to the issue of foreign currency debtors in general and that of foreign currency mortgages in particular, ...
Hungary's Gov To Remove Foreign-Currency Denominated Mortgages From Market
- 29 Jul 2013 9:00 AM
- property
The Government has given the economy minister, Mihály Varga, a mandate to remove foreign-currency denominated mortgages from the Hungarian financial system, Prime Minister Viktor Orbán said in his regular morning interview on Kossuth public radio, adding that a solution is required, which does not endanger the financial system.
Foreign Currency Denominated Mortgages For Home Purchases In Hungary Shall Be Phased Out
- 25 Jul 2013 9:00 AM
- property
The Minister for National Economy is about to start negotiations with credit- and financial institutions active in the field of domestic lending. Minister Varga said that in the opinion of the Government foreign currency denominated mortgages for home purchases need to be eliminated from the domestic lending market in a way which “takes into consideration the aspects of timing and burden-bearing”.
Report Of Mortgage Rescue Plan Revives Old Fears In Hungary
- 18 Jul 2013 9:00 AM
- property
OTP shares got hammered on Wednesday, falling 3.6%, on news that the government intends to provide further relief to foreign-currency mortgage debtors. Deputy prime minister Tibor Navracsics said in a Tuesday night interview that the government was examining the legal possibilities for amending such mortgage contracts.
Government Continues To Stand For The Protection Of Foreign Currency Debtors
- 1 Jul 2013 9:00 AM
- property
The European Commission notified Hungary already in December 2011 within an EU Pilot procedure which warns that the Government Decree stipulating that the monthly income of applicants of foreign currency loans shall exceed a sum equivalent of 15 times the amount of official minimum wage, and the income shall be received in the same currency in which the loan is denominated violates EU law.
CEE Property Markets: Stalled Recovery Or The Beginning of Another Recession?
- 18 Dec 2012 8:00 AM
- property
According to KPMG’s new publication CEE Property Lending Barometer 2012, banks appear to be even less sanguine about a recovery of the real estate market. To assess the prospects for bank financing in the CEE real estate sector, KPMG surveyed 35 of the region’s leading banks. Despite the gloom, real estate projects with a strong business case do receive finance. It’s a typical scene in the region.
Hungarian Debtors Shy From Fixed-Rate Repayment
- 30 Nov 2012 8:00 AM
- property
The number of foreign-currency mortgage debtors joining the fixed-rate repayment scheme was 15,552 in October, the financial supervisory Pszáf has announced. The scheme allows debtors to temporarily fix loan repayments at a rate of Ft 180 to the Swiss franc, or Ft 250 to the euro, while the difference between the actual and fixed exchange rates would accumulate in an accrual account to be repaid ...
Hungarian Cabinet Issues Mortgage Ultimatum To Banks
- 6 Sep 2013 9:00 AM
- property
If banks do not come up with a way to modify foreign-currency mortgage contracts for the benefit of customers by November 1, then the cabinet will submit its own proposal, Fidesz caucus leader Antal Rogán said yesterday.
Hungary's Gov’t May Mandate FX Mortgage Solution
- 5 Aug 2013 8:00 AM
- property
The government will present its own proposal on foreign-currency mortgages to Parliament if it does not reach an agreement with the banks in the autumn, Economy Minister Mihály Varga said yesterday. One day after meeting with bank leaders, he said on TV2 on Kossuth Radio and in an interview with Magyar Hírlap that a solution must enable the conversion of foreign-currency loans into forint-based ...
Hungarian Minister Talks With Advocacy Groups Re Foreign Currency Loans
- 1 Aug 2013 7:00 AM
- property
Minister for National Economy Mihály Varga met with representatives of the Civil Összefogás Fórum-Civil Összefogás Közhasznú Alapítvány (Civic Forum-Civic Union Public Benefit Foundation) earlier today in order to come to a compromise and a satisfying, solidarity-based solution with regard to the issue of foreign currency debtors in general and that of foreign currency mortgages in particular, ...
Hungary's Gov To Remove Foreign-Currency Denominated Mortgages From Market
- 29 Jul 2013 9:00 AM
- property
The Government has given the economy minister, Mihály Varga, a mandate to remove foreign-currency denominated mortgages from the Hungarian financial system, Prime Minister Viktor Orbán said in his regular morning interview on Kossuth public radio, adding that a solution is required, which does not endanger the financial system.
Foreign Currency Denominated Mortgages For Home Purchases In Hungary Shall Be Phased Out
- 25 Jul 2013 9:00 AM
- property
The Minister for National Economy is about to start negotiations with credit- and financial institutions active in the field of domestic lending. Minister Varga said that in the opinion of the Government foreign currency denominated mortgages for home purchases need to be eliminated from the domestic lending market in a way which “takes into consideration the aspects of timing and burden-bearing”.
Report Of Mortgage Rescue Plan Revives Old Fears In Hungary
- 18 Jul 2013 9:00 AM
- property
OTP shares got hammered on Wednesday, falling 3.6%, on news that the government intends to provide further relief to foreign-currency mortgage debtors. Deputy prime minister Tibor Navracsics said in a Tuesday night interview that the government was examining the legal possibilities for amending such mortgage contracts.
Government Continues To Stand For The Protection Of Foreign Currency Debtors
- 1 Jul 2013 9:00 AM
- property
The European Commission notified Hungary already in December 2011 within an EU Pilot procedure which warns that the Government Decree stipulating that the monthly income of applicants of foreign currency loans shall exceed a sum equivalent of 15 times the amount of official minimum wage, and the income shall be received in the same currency in which the loan is denominated violates EU law.
CEE Property Markets: Stalled Recovery Or The Beginning of Another Recession?
- 18 Dec 2012 8:00 AM
- property
According to KPMG’s new publication CEE Property Lending Barometer 2012, banks appear to be even less sanguine about a recovery of the real estate market. To assess the prospects for bank financing in the CEE real estate sector, KPMG surveyed 35 of the region’s leading banks. Despite the gloom, real estate projects with a strong business case do receive finance. It’s a typical scene in the region.
Hungarian Debtors Shy From Fixed-Rate Repayment
- 30 Nov 2012 8:00 AM
- property
The number of foreign-currency mortgage debtors joining the fixed-rate repayment scheme was 15,552 in October, the financial supervisory Pszáf has announced. The scheme allows debtors to temporarily fix loan repayments at a rate of Ft 180 to the Swiss franc, or Ft 250 to the euro, while the difference between the actual and fixed exchange rates would accumulate in an accrual account to be repaid ...