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The level of foreign direct investment (FDI) continued to fall in the OECD area in 2003, the Paris-based organization said. Among the four OECD members from central Europe - the Czech Republic, Hungary, Poland and Slovakia - Hungary is situated...
The European Investment Bank (EIB) has provided a Ђ30 million global loan to K&H Bank to finance small- and medium-sized…
#bank#banks#funding
HVB Bank Hungary will expand its network to 100 branches at a cost of HUF10bn (Ђ39.5m), CEO Matthias Kunsch announced…
CIB Bank's newly-acquired factoring company, CIB Faktor, announced profits after-tax of HUF230,000 (Ђ915) in 2003 and year-end total assets of…
#bank#funding#smes
The CIB group has bought the factoring firm Aginvest-Faktor Rt, Hungary’s second largest factor. CIB Group’s commercial finance units, CIB…
#acquisition#bank#commercial finance
Small- and medium-sized enterprises (SME) will apply for far more loans than last year, according to a survey conducted by…
#bank#SME lending#SME loans
Some 40 venture capital funds invested a total of Ђ117 million in Hungary in 33 transactions last year, according to…
State-owned Hungarian Development Bank (MFB) recorded a net income of HUF6.14 bn (US$27.4 m) in 2003, according to the company's…
#bank#funding#interest rate
The National Bank of Hungary (MNB) cut its benchmark interest rate to 12 per cent, down from 12.25 per cent,…
#bank#European Commission#GDP
Hungary's central bank (MNB) unexpectedly cut its benchmark interest rate a quarter-point, reducing borrowing costs for the second time in…
#bank#Boost#interest
Total foreign direct investment (FDI) stock in Hungary has reached Ђ31 billion, says MNB’s managing director. Central Bank, MNB recalculated…
#bank#GDP#investment
Perceiving a global recovery Hungarian firms are more optimistic regarding their business prospects and the country's economic situation in the…
Magyar Takarйkszцvetkezeti Bank Rt (MTB) signed a deal with Kreditanstalt fьr Wiederaufbau (KfW), the German development bank, to take out…
#bank#investment#investments