Pallas Athéné Foundation assets close to HUF 281 bln

MNB

Photo by Godlikeart / Shutterstock.com

Assets of the National Bank of Hungary's Pallas Athéné Foundation reached HUF 280.8 billion at the end of the first quarter, the foundation's asset manager, Optima, told state news wire MTI.

The assets included HUF 243.8 bln in investment fund units, HUF 2.7 bln in real estate, HUF 21.8 bln in bank deposits, and HUF 12.5 bln in corporate bonds.

The foundation and its legal predecessors have awarded HUF 11.9 bln in academic and scientific grants to 1,633 applicants since 2014.

ADVERTISEMENT

The New Age of Commerce is Approaching Analysis

The New Age of Commerce is Approaching

Horthy Statue to be Unveiled in Parliament Parliament

Horthy Statue to be Unveiled in Parliament

Blue Chip Art and Passion Assets - Claudia Worthington Hess ... Podcasts

Blue Chip Art and Passion Assets - Claudia Worthington Hess ...

Magyar Posta to Close 35 Post Offices in Capital City

Magyar Posta to Close 35 Post Offices in Capital

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.