BUDAPEST, April 22 (Reuters) – Hungary’s financial market regulator PSZAF has fined Deutsche Bank London 90 million forints ($458,100) for high volume spot forint foreign exchange transactions on Oct. 15, 2008 which weakened the exchange rate, the watchdog said on Thursday. (more…)
Hungary lending losses to grow, banks solid, watchdog says
BUDAPEST, Dec 15 (Reuters) – Hungary’s lending portfolios and profitability are set to deteriorate until the end of next year, although the financial system is stable and banks are well-capitalised, financial markets watchdog PSZAF said.
Hungary became the first European Union member to seek international aid amid the global crisis last year and although it has returned to market financing, mounting job losses are set to put further pressure on lending portfolios next year.
Central European currencies fell again on Tuesday, pressured by gains in the dollar a day after Austria — a key player in the region’s bank sector — nationalised Hypo Group Alpe Adria.
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