The annual general shareholders meeting of Hungary's Erste Bank, member of Erste Group, decided to transfer its entire 2010 net profit to the reserves, portfolio.hu reported. Shareholders also approved the bank's 2010 financial statement, according to which its consolidated net profit stood at HUF 5.18bn (EUR 19.557mn) and the total asset volume - at HUF 2.986tn as at end-year. While Erste Bank Hungary retained its deposit position in 2010, its share in both retail and corporate lending market rose, the bank said |
Hungary's investment funds had aggregate assets of HUF 3.657tn (EUR 11.98bn) as of end-February 2013, up by 3.2% m/m, MTI news agency reported citing data from the association of investment funds ... more
The number of employees in Hungary's public and private sectors fell for the tenth straight month in January 2013 declining by 0.6% y/y to 2.574mn, the statistics office informed. The decline ... more
The assembly of state-owned Hungarian Electricity Works (MVM) has approved the purchase of the local gas business of German power utility E.ON, Hungary AM reported, citing local daily Magyar ... more