Finance news - BBJ on the web - BBJ.hu http://www.bbj.hu/finance/ Complete and independent daily business news from Hungary. en-us bbj@bbj.hu webmaster@bbj.hu PHP RSS Feed Generator Budapest Stock Exchange CEO resigns Mohai is leaving his post based on mutual agreement. http://www.bbj.hu/finance/budapest-stock-exchange-ceo-resigns_63338 2012-04-27T13:05:00+02:00 http://www.bbj.hu/finance/budapest-stock-exchange-ceo-resigns_63338 Richter board proposes HUF 660-per-share dividend The dividend fund comes to HUF 12.2 billion. http://www.bbj.hu/finance/richter-board-proposes-huf-660-per-share-dividend_63333 2012-04-27T08:55:00+02:00 http://www.bbj.hu/finance/richter-board-proposes-huf-660-per-share-dividend_63333 Hungary default insurance costs fall after IMF-EU talks move closer Hungary's five-year credit default swaps started trade Thursday at 528bp, down a sharp 40bp from the previous close. http://www.bbj.hu/finance/hungary-default-insurance-costs-fall-after-imf-eu-talks-move-closer_63327 2012-04-26T19:25:00+02:00 http://www.bbj.hu/finance/hungary-default-insurance-costs-fall-after-imf-eu-talks-move-closer_63327 Rate-setters say banking system stable, but ability to support growth weakened A reduced willingness to lend still contributed to credit supply constraints, but deteriorating lending capacity raises the risk of a credit crunch, Monetary Council says. http://www.bbj.hu/finance/rate-setters-say-banking-system-stable-but-ability-to-support-growth-weakened_63325 2012-04-26T18:45:00+02:00 http://www.bbj.hu/finance/rate-setters-say-banking-system-stable-but-ability-to-support-growth-weakened_63325 MNB acknowledges gov't steps to ensure central bank independence The central bank will also participate at the IMF-EU talks on precautionary financial assistance. http://www.bbj.hu/finance/mnb-acknowledges-govt-steps-to-ensure-central-bank-independence_63312 2012-04-25T21:50:00+02:00 http://www.bbj.hu/finance/mnb-acknowledges-govt-steps-to-ensure-central-bank-independence_63312 FHB Mortgage Bank to pay no dividend on loss-making 2011 FHB had a loss of HUF 1.85 billion last year. http://www.bbj.hu/finance/fhb-mortgage-bank-to-pay-no-dividend-on-loss-making-2011_63307 2012-04-25T13:15:00+02:00 http://www.bbj.hu/finance/fhb-mortgage-bank-to-pay-no-dividend-on-loss-making-2011_63307 Hungary default insurance costs fall on improved outlook for IMF-EU talks Hungary's five-year credit default swaps (CDS) traded around 559bp on Wednesday, falling from 570.3bp late Tuesday. http://www.bbj.hu/finance/hungary-default-insurance-costs-fall-on-improved-outlook-for-imf-eu-talks_63306 2012-04-25T13:10:00+02:00 http://www.bbj.hu/finance/hungary-default-insurance-costs-fall-on-improved-outlook-for-imf-eu-talks_63306 Bourse shareholders approve HUF 205-per-share dividend The dividend fund comes to HUF 1.125 billion, almost 99% of the bourse's after-tax profit. http://www.bbj.hu/finance/bourse-shareholders-approve-huf-205-per-share-dividend_63305 2012-04-25T13:10:00+02:00 http://www.bbj.hu/finance/bourse-shareholders-approve-huf-205-per-share-dividend_63305 MNB starts euro sales to support conversion of delinquent fx loans The operations will have no material impact on Hungary's external vulnerability, MNB says. http://www.bbj.hu/finance/mnb-starts-euro-sales-to-support-conversion-of-delinquent-fx-loans_63295 2012-04-25T10:10:00+02:00 http://www.bbj.hu/finance/mnb-starts-euro-sales-to-support-conversion-of-delinquent-fx-loans_63295 CIG Pannónia to raise capital at non-life-insurance unit The unit's greater-than-expected growth made the capital raise necessary. http://www.bbj.hu/finance/cig-pannonia-to-raise-capital-at-non-life-insurance-unit_63283 2012-04-24T13:05:00+02:00 http://www.bbj.hu/finance/cig-pannonia-to-raise-capital-at-non-life-insurance-unit_63283 MNB three-month FX swap tender continued without bids Except for two occasions with limited demand, the weekly tenders have attracted no bids since the end of January. http://www.bbj.hu/finance/mnb-three-month-fx-swap-tender-continued-without-bids_63280 2012-04-24T11:55:00+02:00 http://www.bbj.hu/finance/mnb-three-month-fx-swap-tender-continued-without-bids_63280 Prosecutor investigates banks that provided fx loans on complaint of tax fraud The complaint was filed against all fx-lender banks in Hungary, Magyar Nemzet writes. http://www.bbj.hu/finance/prosecutor-investigates-banks-that-provided-fx-loans-on-complaint-of-tax-fraud_63277 2012-04-24T11:30:00+02:00 http://www.bbj.hu/finance/prosecutor-investigates-banks-that-provided-fx-loans-on-complaint-of-tax-fraud_63277 OTP Bank warns clients of "phishing" attempts The bank advised clients who had revealed information to perpetrators to contact the bank's customer service immediately. http://www.bbj.hu/finance/otp-bank-warns-clients-of-phishing-attempts-_63243 2012-04-20T14:10:00+02:00 http://www.bbj.hu/finance/otp-bank-warns-clients-of-phishing-attempts-_63243