Banks must pay the 7 percent charge in forints
by December 20 this year.
The Hungarian forint
appreciated by 16% when calculating the average Hungarian forint
35 billion HUF, ie one billion - worth three hundred and fifty million forints
Due to the steep fall in crude prices it had to book a total of 102 billion forints
in replacement and impairment costs on inventories, which weighed on its operating results.
Orban has introduced an option for families to repay loans at exchange rates below market levels, but that has roiled markets and inflicted billions of forints
of losses on the bank sector, undermining growth and lending.
traded around 231 against the franc on Friday, having weakened significantly from rates of 150-160 seen when most of the loans were extended.
Contract notice: Overdraft providing a total of huf 4 billion, four billion forints
in the form of loan agreement.
3 billion forints
was, however, a marked improvement over the 9.
Fidesz parliamentary faction leader Janos Lazar says debtors would be able to cancel their debts in Swiss francs at an exchange rate of 180 forints
per franc, while debts in euros could be canceled at 250 forints
2 billion Hungarian forints
during the three months ended September 30, 2001, as compared to 3.
Overdraft 4 billion HUF, that is worth four billion forints
4 billion forints
in the third quarter, down 60 per cent on the same period last year, the company said.