Capital city: Budapest
Administrative divisions: 19 counties and the capital city
Population: 10.1 million
Currency: Forint (HUF)
Languages: Hungarian
Dialling code for int. phone calls: +36
Internet country code: .hu
The unpredictable outcome of the ever-deepening crisis on the global financial markets coupled with the fragile domestic political situation makes prospects rather uncertain. Except for rising risk premiums on financial assets denominated in HUF and volatile movements in the HUF/EUR exchange rate and portfolio investments, Hungary has so far managed to withstand the immediate effects of the sporadic waves of money market shocks. The indirect consequences of such a crisis may hamper the recent recovery by weakening demand in Hungary's main European trading partners, with negative consequences on net export developments. In addition to this, the unstable political scene with the minority government makes the outlined fiscal policy uncertain. Still, we continue to foresee an improvement in GDP growth in 2009.
There are 13 Banks in this Country.Banco Popolare Hungary was founded through the acquisition of IC Bank in May 2007. The bank is a wholly-owned member of the Banco Popolare Group.
Banco Popolare is Italy's third largest bank grou ...
The BKS Bank opened an Representative Office in Sopron in 2005, and with it, the door to Hungary.
The following services are available:
Consultation for the founding of co ...BNP Paribas Hungaria Bank Rt. operates as a joint-venture bank in Hungary. It offers international trade, export finance, energy financing, media and telecom, debt capital market, and ALM and fixed income ...
As one of the first international banks, present in Hungary, Calyon has a thorough local knowledge of business and banking in the country, a member of the European Union since May 1, 2004.
As of 2007 ...
CIB was registered under the Hungarian Company Law of 1875, subsequently replaced by the Company Law of 1988. Until the end of 1995 the bank pursued its operation on the basis of a licence issued by the Mi ...
One of the largest and most internationally minded banks in Hungary is Citibank Zrt., which has been operating in Hungary since 1985. As a member of Citi, Citibank delivers world class services to customer ...
In its attempt to further deepen its Central-and Eastern-European presence as a latest step Dexia Kommunalkredit Bank AG established its fully owned origination entity in Hungary in January, 2006.Thereby i ...
State-owned Eximbank Hungary Pte Ltd. is a specialized financial institution which, as a member of the MFB (Hungarian Development Bank Ltd.) group of banks, offers financing, guarantee and risk-sharing pro ...
In 2002, K&H Bank was the first to issue a microchip-based card in Hungary. This technology is much more secure than magnetic strip cards, since in addition to storing data, it allows for updates and c ...
KDB Bank Rt. provides various financial services to corporate and retail clients in Hungary. Its deposit products include HUF, CHF, EUR, USD, term, and foreign exchange deposits; current accounts; and savi ...
MKB Bank Zrt. provides various banking services to individuals, and small and medium businesses in Hungary. It offers current accounts, credit cards, mortgages, loans, deposits, and savings. The company al ...
OTP Bank Plc. is the largest bank among Hungarian credit institutions and the dominant player in each segment of the Hungarian banking market at the same time.
The mission of OTP Bank is to serve the ...
Volksbank Hungary Private Ltd has been successfully operating since 1993 on the Hungarian market. Volksbank International AG (VBI) is the main shareholder of the Bank.
VBI is an international joint v ...
USD 1.0720 JPY 166.76 BGN 1.9558 CZK 25.152 DKK 7.4587 GBP 0.85675 HUF 392.98 PLN 4.3165 RON 4.9761 SEK 11.6390 CHF 0.9792 NOK 11.7140