They advised clients to stay short
forint versus the Turkish lira and Polish zloty.
1 billion HUF, ie one billion - worth a hundred million
forintsOrban 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.
The decrease was primarily due to the devaluation of the Hungarian
forint against the euro during the period.
Stricter conditions for foreign currency loans could also, according to Moody's, result in better credit risk for new loans, as the lending limit creates an income buffer for the borrower when the
forint weakens.
The following table presents unaudited summarized pro-forma consolidated financial information of HTCC, Invitel, Tele2 and Memorex on a pro-forma basis in
Forint and Euro as though the companies had been combined at the beginning of the respective periods:
Credit Suisse (NYSE: CS) has said that the Hungarian
forint could face more price pressures if Hungary is not able to secure aid from the IMF and other international agencies.
50% notes, maturing on 15th October 2012, provide liquidity to the long dated HUF market and follow on from the EIB's HUF20bn eurobond issue in June 2001 - the first ever
Forint denominated eurobond issue - which opened up the HUF international capital markets.
Global Banking News-7 June 2010-BNP says
Forint could make substantial gains(C)2010 ENPublishing - http://www.
2 million for the third quarter of 2000 reflects the weakening of the Hungarian
forint against the euro, of approximately 6% between June 30, 2001 and September 30, 2001, being somewhat offset by the strengthening of the Hungarian
forint against the U.
In a statement the bank said, 'There seems to be a package of reasons why the market should end up penalizing Hungary more than Poland, allowing the zloty to eliminate last week's underperformance against the
forint.
5 million for the second quarter of 2000 reflects the appreciation of the Hungarian
forint against the euro, of approximately 9%, between March 31, 2001 and June 30, 2001, due to changes in the Hungarian National Bank's foreign exchange regulations concerning the Hungarian
forint.
