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Wednesday 9:18, August 25th, 2010

Despite portfolio deterioration, K&H Bank profits more than double in H1

15:58, Sep 2 | Hungary's K&H Bank had consolidated after-tax profit of HUF 23 billion in the first half, up more than 164% from the same period a year earlier even as the proportion of non-performing loans in the portfolio grew, documents distributed at a press conference on Thursday show.

BSE share turnover falls 12% in August

10:00, Sep 2 | Share turnover on the Budapest Stock Exchange (BSE) was 718 billion in August, down 12% from July, the BSE said, citing double-counting data compiled from brokers.

MNB publishes new index to foster market of overnight indexed swaps

08:58, Sep 2 | The National Bank of Hungary (MNB) said Wednesday it will start publishing a new index: HUFONIA (Hungarian Forint Overnight Index Average) on its website daily from September 1, the MNB said on Wednesday. The move is designed to support the development of a Hungarian market for Overnight Indexed Swaps (OIS). Official OIS rates are expected to be published daily from the end of September.

Raiffeisen posts HUF 1.8 bn profit in H1

13:40, Sep 1 | Raiffeisen Bank had after-tax profit of HUF 1.79 billion in H1 as interest revenue grew and write-offs and risk provisions fell, the bank's unaudited consolidated IFRS report for the period published late Tuesday shows.

CIG Pannónia to submit listing request on Wed

16:12, Aug 31 | Hungarian-owned life insurer CIG Pannónia will submit a request to list its shares along with a prospectus for investors to financial market regulator PSzÁF on Wednesday, the company told MTI.

Credit Agricole's Hungarian branch profit drops sharply in H1

13:44, Aug 31 | The Hungarian branch of the Credit Agricole Corporate and Investment Bank (CA-CIB) generated profit of HUF 400 million in the first half of 2010, down from a profit of HUF 1.8 billion in H1 of 2009, Credit Agricole informed MTI.

MKB racks up HUF 52 billion loss in H1 as provisions grow

15:46, Aug 30 | 

MKB accounts for two-thirds of BayernLB's risk provisions in Q2

13:17, Aug 30 | 

BUX down 1.10% at noon

12:21, Aug 24 | Forenoon loses from BSE heavyweight issuers OTP Bank and MOL dropped the Budapest Stock Exchange's blue-chip BUX index to a Tuesday-morning decline of 1.10% at 21,677.31.

BUX opens down 0.61%

09:14, Aug 24 | 

BUX pares losses in morning

12:23, Aug 23 | The Budapest Stock Exchange's main BUX index fell 0.12pc to 21,928.54 at noon on Monday, paring its losses after opening down 0.34pc as Western European and regional share indices were all advancing.

BUX opens lower, following Friday's global trend

09:25, Aug 23 | The Budapest Stock Exchange's main BUX index opened down 0.34pc at 21,880.10 on Monday, following the trend seen on regional and developed markets on Friday, when the Hungarian market remained closed for a national holiday.

Investment funds assets reach HUF 3,557 bln in July

13:02, Aug 17 | Assets in funds managed by members of the association of Hungarian investment fund and asset management companies BAMOSz rose 1.3% to HUF 3,557 billion in July from the previous month, BAMOSz said.

FHB Q2 profit slips 50% on provisions, higher costs

10:41, Aug 17 | Hungary's FHB Bank had second-quarter after-tax profit of HUF 1.29 billion, down 50.4% from the same period a year earlier as costs rose and provisions grew, the bank's consolidated IFRS report shows.

OTP mortgage arm profit slips almost 6% in H1

09:33, Aug 17 | OTP Jelzálogbank, the mortgage arm of OTP Bank, had net income of HUF 11.6 billion in the first half, down 5.7% from the same period a year earlier as provisions and write-offs grew, the bank said in a report.

Erste Bank Hungary H1 profit slips 69% as provisions grow

17:57, Aug 16 | First-half net profit of Erste Bank Hungary fell 69.4% to €12.6m from the same period a year earlier as risk provisions jumped, the bank's Austrian parent said in a report published on the website of the Budapest Stock Exchange.
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PSzÁF levies first fine for breaking code of conduct

14:00, Aug 13 | Financial market regulator PSzÁF on Friday said it levied, for the first time, a fine on a bank for breaching a code of conduct that came into force from the start of the year.

AKK raises offer on strong demand at bond auction

16:00, Aug 12 | The Government Debt Management Agency (AKK) raised its offer on strong demand at an auction of bonds on Thursday. AKK raised its original offer for five- and ten-year bonds, for which demand was the strongest.