Balazs Koranyi
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UPDATE 2-OTP says bad debt growth may endanger 2009 target
BUDAPEST, Nov 13 (Reuters) - OTP Bank <OTPB.BU> warned on Friday that bad debts were growing, particularly in Ukraine, and a turnaround was difficult to predict, risking a slight shortfall in its annual net profit target. Full Article
OTP loan book quality poses risk to 2009 targets
BUDAPEST, Nov 13 (Reuters) - OTP Bank <OTPB.BU> said its nine-month figures put it on track to hit its 150 billion forint net profit target for the year, but it could still be derailed by uncertainty over the quality of its loan portfolio. Full Article
UPDATE 1-Egis sees 2010 sales up 1-2 pct, Turkey in focus
* Sees Turkey as third biggest market in two to three years Full Article
Hungary's Egis sees 2010 sales up 1-2 pct -CFO
BUDAPEST, Nov 12 (Reuters) - Hungarian drug producer Egis <EGIS.BU> expects its overall sales revenue to rise by 1-2 percent in forints in fiscal 2010, Chief Financial Officer Laszlo Marosffy said on Thursday. Full Article
Falcon Oil says Mako Trough well plugged, abandoned
BUDAPEST, Nov 3 (Reuters) - Canada's Falcon Oil <FO.V> said that tests on the Foldeak-1 natural gas well in the Mako Trough in southern Hungary had been completed and the well has been temporarily plugged and abandoned. Full Article
Hungarian banks' bad loan rate peak seen at 7-10%
BUDAPEST, Nov 2 (Reuters) - The Hungarian banks' non-performing loan (NPL) rate will peak at around 10 percent, under a worst case scenario but the sector has the capital to overcome the difficulties, the country's top bankers said. Full Article
Hungary's Richter-schizophrenia drug test positive
BUDAPEST, Oct 29 (Reuters) - Hungarian drug producer Richter Gedeon <GDRB.BU> said that Phase IIb test of the schizophrenia drug cariprazine it is developing with Forest Laboratories <FRX.N> showed positive top-line results. Full Article
UPDATE 1-Mortgage bank FHB sees rising NPL, flat profit-CEO
* NPL rate to rise to 4 pct by year-end, decline in H1 2010 Full Article
UPDATE 1-MOL discovers new gas in Pakistan's Tal Block
BUDAPEST, Oct 14 (Reuters) - Hungarian oil and gas firm MOL <MOLB.BU> has made a new discovery of gas and condensate at the Maramzai-1 well in the Tal Block in Pakistan, the company said on Wednesday. The production of the well is 1.1 million ... Full Article
Hungary's MOL says made gas discovery in Pakistan
BUDAPEST, Oct 14 (Reuters) - Hungarian oil and gas firm MOL <MOLB.BU> has made a new discovery of gas and condensate at the Maramzai-1 well in the Tal Block in Pakistan, the company said on Wednesday. The production of the well is 1.1 million ... Full Article
