FX loan

Important

National Bank of Hungary issues a new forint coin – Here’s how it looks
BREAKING – Shocking testimony: the American woman died in Budapest due to BDSM sex gone wrong?

04/11/2014

Orban: Govt to Provide Help for FX Conversions

Budapest, November 4 (MTI) – The new draft law on fair banking seeks to protect borrowers, Prime Minister Viktor Orban told journalists on Tuesday, adding that […]

04/11/2014

04/11/2014

Hungary Central Bank to Provide 9 Billion Euros for Banks for FX Conversion

Daily News Hungary

Budapest, November 4 (MTI) – Hungary’s central bank has pledged to provide 9 billion euros to Hungarian banks in order to cover associated costs of converting […]

04/11/2014

23/08/2014

Court rejects bank’s claim concerning FX loans

Daily News Hungary

(MTI) – A Budapest court turned down a claim filed by savings cooperative Kethely és Videke against the Hungarian state, in connection with the lawfulness of […]

23/08/2014

11/08/2014

European Court to Hear Another Hungarian FX Loan Case

Daily News Hungary

Budapest, August 11 (MTI) – The European Court of Justice in Luxembourg is expected to hear another case involving a Hungarian FX loan this autumn with […]

11/08/2014

06/08/2014

Hungary Authorities Fail to Comply with Consultation Duty on FX Loans, Says ECB

Daily News Hungary

(MTI) – Hungarian authorities have failed to comply with the duty to consult the European Central Bank (ECB) about the draft law concerning certain measures on […]

06/08/2014

01/08/2014

Central Bank Official: Laws on FX loan Remedies Not to Cost More Than HUF 900bn

(MTI) – Provisions in laws for remedying the situation of troubled borrowers who took out loans in foreign currency are not likely to cost Hungary’s banks […]

01/08/2014

21/07/2014

Forint Conversion Of Fx Loans Expected In 2015, Says Varga

Budapest, July 21 (MTI) – The conversion of foreign currency-denominated loans into forints is expected to take place in 2015, Economy Minister Mihaly Varga said in […]

21/07/2014

15/07/2014

Courts Preparing For Wave Of Bank Lawsuits In FX Loans Cases

Daily News Hungary

Budapest, July 15 (MTI) – Hungary’s courts are making preparations for a big wave of lawsuits filed by banks in connection with the government’s bailout scheme […]

15/07/2014

05/07/2014

Orban: FX Loan Law Heralds Era Of Fair Banking

(MTI) – Parliament’s approval of a law based on the supreme court’s legal uniformity ruling on foreign-currency-denominated loans may open a new era of fair banking, […]

05/07/2014

03/07/2014

Varga: FX Loan Conversion Generates No Need For New Special Tax

(MTI) – Despite the views of some analysts, the possible conversion of forex loans into forint denominated ones will not generate a need for introducing any […]

03/07/2014

28/06/2014

Govt Submits Bill On FX Loans

Daily News Hungary

(MTI) – The government submitted to parliament on Friday the first bill aimed at helping FX loans holders by settling certain issues in contracts signed with […]

28/06/2014

23/06/2014

Moody’s: FX mortgage ruling credit negative for banks, with longer-term positive implications

Daily News Hungary

London, June 23 (MTI) – The recent ruling by Hungary’s Supreme Court that unilateral changes by banks to foreign-currency mortgage interest rates were unfair in some […]

23/06/2014

17/06/2014

Top Court Rules On Fairness Of FX Loan Contracts: Forint, OTP Shares Rise

Budapest, June 16 (MTI) – The risk that borrowers in foreign currency assumed can only be seen as unfair if they were not put in a […]

17/06/2014

11/06/2014

Economy Ministry, Banking Association Discuss Phasing Out FX Loans

(MTI) – Representatives of the economy ministry and the Banking Association held consultations on Tuesday about how to phase out loans denominated in foreign currency, the […]

11/06/2014

26/04/2014

Early FX Loan Repayments “Most Damaging Measure” Of Past 4 Year, Says OTP’s Csanyi

(MTI) – The government’s early repayment scheme for troubled mortgage-holders who borrowed in foreign currency was its most damaging measure of the past four years, OTP […]

26/04/2014

17/03/2014

Top Court Rules: Laws Can Override FX Contracts But Must Balance Interests

Budapest, March 17 (MTI) -Existing contracts for foreign-currency mortgages may be modified by legislation, Hungary’s Constitutional Court ruled today. The ruling came after the government asked […]

17/03/2014

22/12/2013

Protesters against Kuria FX loan ruling submit petitions

Budapest, December 21 (MTI) – Some sixty people participated in a protest organised by NGOs against the Supreme Court’s recent decision on FX loans in Budapest, […]

22/12/2013

16/12/2013

Top court rules FX lending not against law – reactions

Budapest, December 16 (MTI) – Hungary’s Supreme Court, the Kuria, on Monday said that lending in foreign currency and related contracts are legal, and the client […]

16/12/2013