Tag "MNB"

Agriculture is the least indebted sector

According to the National Bank of Hungary, the data of the past five years suggests that the national economy’s overall failure rate for the second quarter of 2016 can be...

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SME lending may expand after the closure of the National Bank’s credit growth program

In the three stages of the credit growth program (NHP) 36 103 enterprises received fundings worth 2459 billion HUF. The program has contributed significantly to economic growth and employment expansion....

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MNB: household savings are growing slower

The financial savings of households steadily decreased in recent quarters: in the third quarter amounted to 201 billion HUF, which is 2.2 percent of the quarterly GDP. In the previous...

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MNB: businesses used 231.8 billion HUF in the third stage of the NHP so far this year

In the third phase of the growth loan program (NHP) between 1 January to 30 September, the companies concluded contracts amounting to 231.8 billion HUF, of which 68 percent were...

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The MNB created a credit risk model from the data of two hundred thousand companies

The Hungarian National Bank (MNB) created a credit risk model from the data of about two hundred thousand companies – Banai Ádám, head of the department of the Hungarian National...

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MNB: SME lendings grew in the second quarter by 5 percent

Improving trends occured in the lendings of the credit institutions to the private sector. In this year's second quarter the loans to the small and medium-sized enterprises (SME sector) grew...

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MNB: credit information service for small and medium enterprises to be launched

The National Bank of Hungary (MNB) and the BIS Central Credit Information Office will launch the small and medium enterprise credit information service in the near future. With the help...

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MNB: SMEs applied for 125 billion HUF in the third stage of the growth loan program

In the third stage of the growth loan program (NHP), so far 4600 domestic micro, small and medium-sized enterprises were granted fundings in the amount of approximately 125 billion HUF...

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MNB: the decline in vulnerability reduces the risks in Hungary

The fact that Hungary’s vulnerability considerably decreased in the past years reduces the risks that will occur because of the Brexit. The outcome of the British referendum caused volatility in...

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MNB: card payments continued to increase in the first quarter

The expansion of electronic payments continued to increase in this year's first quarter in Hungary, mainly the increase in payment card turnover was significant – according to the summary of...

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MNB: the popularity of the growth loan program justified the increase in allocations

The product of the growth loan program (NHP) has become very popular among the small and medium-sized enterprises (SMEs), as well as among the banks. Therefore the National Bank of...

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MNB: the efficiency of the Hungarian cash flow increased significantly

The effectiveness of the Hungarian cash flow has grown exceptionally in international comparison last year. Each indicators measuring the spread of remittances, purchases, electronic payments and electronic bill payments have...

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The MNB stimulate the lendings to SMEs with capital discount

The MNB introduces a new lending tool under which releases a portion or all of the capital after such loans for the financial institutions that are actively lending to small...

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The Growth Loan Program is the engine of agriculture

The Hungarian National Bank’s (NBH) Growth Loan Programme (NHP) is behind the growth of Hungarian agriculture – according to the analysis of the Atradius credit insurance company. The market leader...

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Migrant crisis may slow down the EU’s development

According to a forecast by GKI Economic Research Zrt., the migrant crisis will continue to cause a conflict between European Union member states and if decisions aren’t made swiftly, it...

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The assets of the Hungarians increased by four hundred thousand last year

At the end of 2015 the net financial wealth of the households was 32 409 billion HUF, according to the data of the National Bank of Hungary (MNB). This is...

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More than half of the loans aimed at investments could not be achieved without the NHP

The small and medium-sized companies could not taken up more than half of the loans aimed at investments, without the growth loan program (NHP), which significantly contributed to the strengthening...

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MNB: the SMEs were given more than two thousand billion HUF in the loan growth program

In the first and second stages of the loan growth program (NHP) a total of 31 thousand enterprises were given advanced financing in a value of more than 2,126 billion...

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MNB: there are substantial differences at the banks’ Christmas credit costs

In addition to the credit interest rates, the mandatory related financial products, the additional services and late payments may result in significant additional costs at the small Christmas consumer loans...

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MNB: food prices also increased inflation

In October, the annual inflation rate was 0.5 percent higher, while core inflation was 0.2 percentage points higher than in the previous month. The rise in inflation was because of...

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MNB: the spread of the touch cards increases the number of transactions

In the second quarter of the year, the use of electronic payment devices continued to increase primarily due to the significant expansion of the payment card infrastructure. The number of...

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The MNB lowered its growth and inflation forecasts for this year

The Magyar Nemzeti Bank (Hungarian National Bank) slightly reduced its forecast for GDP growth this year. The Magyar Nemzeti Bank (Hungarian National Bank) expects a 3.2 percent GDP growth in...

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NBH: nearly 950 billion HUF worth contract in the second phase of the NHP

The participating banks in the second phase of the Central Bank's loan growth Programme (NHP) submitted data to the Hungarian National Bank (MNB) about services worth 947.2 billion HUF, of...

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MNB: a duality characterized the corporate loans in the second quarter

A duality characterized the corporate lendings in the second quarter, the overall corporate loan portfolio decreased by 3.4 percent, compared to a year before, while the small and medium enterprise...

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GKI: On slowing trajectory

According to the forecast of GKI Economic Research Co., the growth rate of the Hungarian GDP will drop to 2.7 per cent in 2015, after its temporarily extremely fast rate...

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MNB: the NHP contributed to Hungary's GDP growth with more than 1 percent

The NHP is the growth credit program of the National Bank of Hungary (MNB). The NHP is supporting micro, small and medium-sized companies to access credit, to expand investments and...

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MNB: the turnover of electronic payment modess increased in the first quarter

According to data of the National Bank of Hungary (Magyar Nemzeti Bank, MNB), the turnover of electronic payment modess increased in the first quarter of 2015.The most striking increase can...

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The MNB expects less investments, but further economy growth

The National Bank of Hungary (MNB) has significantly reduced its forecast for the investments: in its March projections, the MNB calculated with an increase of 5.2 percent for this year,...

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The MNB Increases the security of internet payments

As the internet payments are increasing significantly, the Hungarian National Bank considers it important to increase the security. The Hungarian National Bank (MNB) has started the transposition of the relevant...

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One hundred and fifty billion HUF whiteout in the economy thanks to the online cash registers

According to the calculations of the Central Bank’s analysts, the online cash registers whitened the economy in 2014 with about 150 billion HUF – portfolio.hu wrote. The analysts of the...

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