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With continued global economic uncertainty, large Hungarian firms' optimism concerning the coming six-month period was scaled back in March, while the outlook of small- and medium-sized companies (SMEs) remained stagnant, according to the latest business confidence survey of state-owned research...
#economy#exports#inflation
HVB Bank Hungary will offer subsidised loans to local small- and medium-sized enterprises (SMEs) under an agreement signed with the…
#bank#banks#risk
The Ministry of Economy and Transport (GKM) and the state-owned Hungarian Development Bank (MFB) have launched the HUF 150 bn…
#bank#banks#economy
In a bid to add debt purchasing and surveillance to its local service portfolio, Dutch debt collecting giant Intrum Justitia…
#debt collection#i#management
Poland’s listed BRE Bank wants to purchase 50 percent of Hungary’s Magyar Factor Rt., worth HUF550m, or ZL9m. BRE already…
The proposed merger reported last month between Kereskedelmi es Hitelbank (a subsidiary of Belgium’s KBC Bank) and Magyar Bank (owned…
#ABN AMRO#bank#banks
Rumours are currently circulating that Budapest Bank are planning to withdraw from the Hungarian factoring market. This would leave only…
Key figures from Magyar Annual Report(HUF million) 1999 Total Assets 682,963 Shareholders' Funds 61,369 Profit before taxation 7,170 Capital Adequacy Ratio(BIS, unc.,%) 14.0%
Adossag Borze Kft on Wednesday announced that it will launch an internet debt exchange platform for factoring companies from June.…