Hungary seeks three-year, €15 bln precautionary financing from IMF/EU

\"We\'re interested in signing an agreement in the shortest time possible, but, realistically, we can count on early autumn,\" Varga told the paper.
EconomyWednesday, 19:25 May 16., 2012 Read more

Forint liquidity of banks rose slightly in March

The rise came after closure of early repayment scheme.
FinanceThursday, 14:45 April 12., 2012 Read more

FX repayment scheme put OTP in red

Risk costs and write-offs from an early foreign currency-denominated mortgage repayment scheme gave OTP Bank a HUF 25.8 billion loss in 2011 Q4.
FinanceFriday, 10:35 March 9., 2012 Read more

Corporate loan stock falls in Jan on revaluations

Monthly report by MNB shows revaluation effect on forint loans, companies' stock of FX loans, stock of deposits, and more.
FinanceWednesday, 21:00 February 29., 2012 Read more

Early FX repayment scheme boosts value of new retail loans

The value of new retail loans Hungarian banks signed in December rose sharply compared to previous months as borrowers availed of an early repayment scheme for foreign currency-denominated mortgages, fresh monthly data published by the National Bank of Hungary on Friday show.
EconomyTuesday, 13:35 January 31., 2012 Read more

Deadline for proof of payment in early FX repayment scheme passes without rush

The deadline, on Monday, for borrowers registered to participate in an foreign currency-denominated mortgage repayment scheme to prove their ability to make the repayments did not produce a flood of activity at Hungarian banks.
EconomyTuesday, 11:10 January 31., 2012 Read more

3,000 call national asset manager foreclosure hotline

About 3,000 people have called the National Asset Manager’s (NET) hotline to inquire about participation in a programme for distressed borrowers, NET spokesperson Edit Ternyak told MTI.
LifeThursday, 18:10 January 26., 2012 Read more

One-third of HUF loans to cover FX repayments come from savings cooperatives

Hungary’s savings cooperatives have provided about one-third of the forint loans Hungarian borrowers are using to participate in an early foreign currency-based mortgage repayment scheme, the National Association of Savings Cooperatives (OTSZ) said on Thursday.
FinanceThursday, 14:55 January 26., 2012 Read more

Budapest council approves HUF 15bn for BKV

The Budapest municipal council on Wednesday decided to give the capital’s troubled public transport company BKV a HUF 9bn loan and a further HUF 6bn in support.
LifeWednesday, 13:40 January 25., 2012 Read more

Govt offers public sector workers with FX mortgages exchange rate limit, grant

Public sector workers with foreign currency-denominated mortgages will get interest subsidies and a one-off grant, depending on the number of children in their family, if they join an exchange rate limit system, the National Economy Ministry said on Wednesday.
EconomyWednesday, 11:35 January 25., 2012 Read more

Govt offers fixed-rate plan to public workers under mortgage aid program

Hungary’s government aims to help public sector employees struggling to pay off their foreign currency-denominated mortgages with a fixed exchange rate construction, rather than by converting their forex debt into forint loans, daily Magyar Nemzet said on Friday, without citing any sources.
LifeFriday, 09:50 January 20., 2012 Read more

Govt to decide on way of helping public employees to repay FX mortgages this week

The government plans to decide early this week on planned support to help public sector workers to repay their FX mortgages, Government Spokesman Andras Giro-Szasz told the press on Tuesday.
EconomyWednesday, 11:20 January 18., 2012 Read more

Govt to launch new student loan program

The government on Monday decided to launch a new student loan programme with separate credit lines for discretionary spending and for educational fees, government spokesman Andras Giro-Szasz said on Tuesday.
LifeTuesday, 15:30 January 17., 2012 Read more

CA Immo refinances loan used to buy Budapest office property

Property developer CA Immo has refinanced a loan used to purchase a 24,000sqm office building in the city centre, CA IMMO Real Estate Management Hungary told MTI.
BusinessFriday, 13:40 January 13., 2012 Read more

UPDATE - Over 94,000 borrowers repay FX mortgages in first three months of scheme

Fresh data published by financial market regulator PSZAF show that 94,337 borrowers availed of an early forex mortgage repayment scheme at discounted exchange rates between September 29, when the scheme was launched, and the end of December, the deadline for declaring intent to participate.
FinanceThursday, 15:25 January 5., 2012 Read more

More than 94,000 borrowers repay FX mortgages in first three months of scheme

Fresh data published by financial market regulator PSZAF show that 94,337 borrowers availed of an early forex mortgage repayment scheme at discounted exchange rates between September 29, when the scheme was launched, and the end of December, the deadline for declaring intent to participate.
FinanceThursday, 13:20 January 5., 2012 Read more

PSZAF spokesman puts participation in early repayment at 15-20%

The percentage of FX borrowers participating in the government’s early repayment scheme is expected to be 15-20% based on preliminary figures, Istvan Binder, spokesman for the Hungarian Financial Supervisory Authority (PSZAF), said in a television programme early on Thursday.
EconomyThursday, 11:50 January 5., 2012 Read more

120,000 borrowers seen paying off mortgage under govt scheme

About 120,000 people will elect by the December 30 deadline to participate in the government’s plan allowing borrowers to fully repay their foreign-currency-denominated mortgages at a preferential exchange rate, business daily Vilaggazdasag estimated on Thursday, based on data collected from six major banks.
FinanceThursday, 11:10 December 22., 2011 Read more

Orban sees agreement with banks as success

Prime Minister Viktor Orban sees an agreement reached between the government and the Hungarian Banking Association on Thursday as a success that offers all parties a manageable and predictable solution, and divides the burden of foreign currency-denominated mortgages among families, the government and banks, Prime Minister’s Spokesman Peter Szijjarto said on Friday.
PoliticsFriday, 15:55 December 16., 2011 Read more

Bank association chairman says agreement to ease Hungary’s Swiss franc debt problem - Reuters

The conclusion of an agreement between Hungarian banks and the government on a repayment plan for borrowers with foreign-currency-denominated mortgages on Thursday is expected to significantly alleviate Hungary’s Swiss franc debt problem, Hungarian Bank Association Chairman Patai Mihaly told Reuters.
FinanceFriday, 10:30 December 16., 2011 Read more

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