Hungarian authorities impose major fine on Alfa VIG for regulatory violations
The National Bank of Hungary (NBH) has fined insurance company Alfa VIG Biztositó HUF 97m (EUR 246,3m) for regulatory and consumer protection violations, the central bank and financial market watchdog said on Monday.
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Isn´t ALFA VIG co-owned by the Hungarian state through Holding Corvinus Nemzetközi Befektetési Zrt.? The old Aegon that could not be sold to Foreigners, strategic importance, control, etc. etc.?
Granted, it is a 45 percent, non-controlling stake, but still.