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Hungary

WFY’23: ‘The Hungarian factoring industry developed dynamically in 2022’

The Hungarian factoring industry developed dynamically in 2022, and the total turnover exceeded HUF 4.818bn, which represents a 22 per cent increase compared to the result in 2021, according to Csáki Ferenc, Corporate International Coordination Manager, OTP Bank Plc., Hungary, in his article included...

#Ferenc Csaki#OTP Bank

Hungary ‘was deeply affected by Covid pandemic in 2020’

Hungary in 2020, like other countries, was deeply affected by the COVID pandemic, says Ferenc Csáki, Head of Department, OTP Bank Plc.,…

#Ferenc Csaki#OTP Bank#World Factoring Yearbook


Hungarian online invoice system contributes to “whitening economy”

Hungary’s comprehensive online invoicing system has been operating seamlessly since its introduction in July 2018 and has contributed to a…

#digital#economy#invoice


Hungarian new factoring regulation impacts factors and clients

Factoring is an increasingly popular product of banks... (more…)

#bank#factoring regulation#payment terms


Hungarian Exim bank to support SMEs with €331m finance

Hungary’s state-owned export-import bank has agreed to credit facility investments totalling €331m with 13 financial institutions in the country. The…

#bank#exports#international


EIB supports Hungarian SMEs development and competitiveness

Last year, the EIB Group signed loans worth €700m with Hungary to promote SMEs, urban development and competitiveness. The financial support…

#bank#conference#EIF


Hungarian bank plans to strengthen factoring activity

Hungary’s factoring activity will be increased this year as... (more…)

#bank#economy#smes


Hungary factoring turnover rises 39%

Factoring turnover in Hungary rose by 39% in the first half of 2016 compared to the corresponding period of 2015,…

#non-recourse factoring#Paid#recourse factoring


Hungarian factoring statistics published

Figures for whole of 2014 and first quarter of 2015 revealed (more…)

#factoring statistics#import factoring#international


MagNet Bank purchases CE Faktor

Hungarian bank acquires factoring company with 2.6 per cent market share (more…)

#acquisition#bank#Two


No effects seen from National Bank programme to increase...

Hungarian lenders outstanding stock of forint (Hungarian currency) loans to non-financial companies fell further in June, indicating that the effect…

#bank#Boost#interest


Hungarian SMEs still undertake foreign currency risk

Funding for Growth Scheme has enjoyed SME attention. (more…)

#bank#Raiffeisen#Raiffeisen Bank

European Commission: SME growth non-existent in Hungary since 2005

Hungary's SME sector has been stagnant since at least 2005 in terms of the number of enterprises and employment, the…

#Access to Finance#European Commission#small business

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