50 result(s) for forex loan
Hungary’s Central Bank Ready To Provide Banks With Foreign Currency
- 8 Sep 2014 9:00 AM
- business
Hungary’s banks will need around 3 billion euros to offset their liabilities in connection with compensation to clients who took out loans in foreign currency, and the central bank is ready to provide forex funding to commercial lenders from its reserves, the bank’s deputy governor said.
Lawsuits In Hungary On Unilateral Contract Changes Adjourned
- 2 Sep 2014 9:00 AM
- current affairs
Lawsuits filed by banks, savings cooperatives and other financial institutions against the state seeking to prove their lending practices have been fair continued with 11 suits at the Municipal Court of Budapest on Monday. All cases have been adjourned to a later date in September.
Budapest Municipal Court Postpones Raiffeisen Ruling To September
- 27 Aug 2014 9:00 AM
- business
The Municipal Court of Budapest has postponed to September 10 its final ruling regarding a lawsuit filed by Raiffeisen Bank against the Hungarian state in connection with conditions for loans made in foreign currency. In its Tuesday decision, the court also turned down Raiffeisen’s request for an appeal to the Constitutional Court and the European Court of Justice.
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.
Minister Varga Brushes Off Concern Banks Would Leave Hungary
- 29 Jul 2014 9:00 AM
- business
Measures to bail out troubled forex loan holders will not put Hungary’s banking system at risk, the economy minister said in an interview published in Monday’s business daily Világgazdaság. Banks in Hungary do not have the slightest intention of pulling out of the country, Mihály Varga said.
No Need For New Special Taxes Due To FX Conversion In Hungary
- 4 Jul 2014 9:00 AM
- business
Despite the views of some analysts, the possible conversion of forex loans into forint denominated ones will not generate the need to introduce any new special taxes, Economy Minister Mihály Varga said in connection with a critical report published by the European Commission.
Rogán: RTL Klub “Clubbing” Government In Hungary
- 18 Jun 2014 9:00 AM
- current affairs
Commercial television channel RTL Klub is using its news programmes as a “political cudgel” to take revenge on the government for the introduction of the ad tax, ruling Fidesz group leader Antal Rogán said in an interview to MTI on Tuesday.
Hungary’s Banking Association Accepts “Unfair” Kúria Ruling
- 17 Jun 2014 9:00 AM
- business
Hungary’s Banking Association on Monday called “unfair” a decision by the Kúria concerning forex loan agreements, but said that it accepted the ruling. Levente Kovács, the association’s general secretary, insisted that including an exchange rate spread in foreign currency-denominated loan agreements was justified, and served to finance the “considerable cost of covering hard currency positions”.
Top Hungarian Court Rules On FX Loan Case
- 4 Jun 2014 9:00 AM
- property
The Kúria, Hungary’s supreme court, on Tuesday ruled invalid a clause in a contract for a loan denominated in foreign currency that stated the client received the loan at the bank’s buying exchange rate and paid it back at the selling rate.
Hungary’s Central Bank Ready To Provide Banks With Foreign Currency
- 8 Sep 2014 9:00 AM
- business
Hungary’s banks will need around 3 billion euros to offset their liabilities in connection with compensation to clients who took out loans in foreign currency, and the central bank is ready to provide forex funding to commercial lenders from its reserves, the bank’s deputy governor said.
Lawsuits In Hungary On Unilateral Contract Changes Adjourned
- 2 Sep 2014 9:00 AM
- current affairs
Lawsuits filed by banks, savings cooperatives and other financial institutions against the state seeking to prove their lending practices have been fair continued with 11 suits at the Municipal Court of Budapest on Monday. All cases have been adjourned to a later date in September.
Budapest Municipal Court Postpones Raiffeisen Ruling To September
- 27 Aug 2014 9:00 AM
- business
The Municipal Court of Budapest has postponed to September 10 its final ruling regarding a lawsuit filed by Raiffeisen Bank against the Hungarian state in connection with conditions for loans made in foreign currency. In its Tuesday decision, the court also turned down Raiffeisen’s request for an appeal to the Constitutional Court and the European Court of Justice.
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.
Minister Varga Brushes Off Concern Banks Would Leave Hungary
- 29 Jul 2014 9:00 AM
- business
Measures to bail out troubled forex loan holders will not put Hungary’s banking system at risk, the economy minister said in an interview published in Monday’s business daily Világgazdaság. Banks in Hungary do not have the slightest intention of pulling out of the country, Mihály Varga said.
No Need For New Special Taxes Due To FX Conversion In Hungary
- 4 Jul 2014 9:00 AM
- business
Despite the views of some analysts, the possible conversion of forex loans into forint denominated ones will not generate the need to introduce any new special taxes, Economy Minister Mihály Varga said in connection with a critical report published by the European Commission.
Rogán: RTL Klub “Clubbing” Government In Hungary
- 18 Jun 2014 9:00 AM
- current affairs
Commercial television channel RTL Klub is using its news programmes as a “political cudgel” to take revenge on the government for the introduction of the ad tax, ruling Fidesz group leader Antal Rogán said in an interview to MTI on Tuesday.
Hungary’s Banking Association Accepts “Unfair” Kúria Ruling
- 17 Jun 2014 9:00 AM
- business
Hungary’s Banking Association on Monday called “unfair” a decision by the Kúria concerning forex loan agreements, but said that it accepted the ruling. Levente Kovács, the association’s general secretary, insisted that including an exchange rate spread in foreign currency-denominated loan agreements was justified, and served to finance the “considerable cost of covering hard currency positions”.
Top Hungarian Court Rules On FX Loan Case
- 4 Jun 2014 9:00 AM
- property
The Kúria, Hungary’s supreme court, on Tuesday ruled invalid a clause in a contract for a loan denominated in foreign currency that stated the client received the loan at the bank’s buying exchange rate and paid it back at the selling rate.