Top Hungarian banks

Article Abstract:

The list ranks the top banks in Hungary based on capital in thousands of US dollars as of year-end 1997. OTB Bank Rt. ranks first with $304,018,000 in capital as of year-end 1997, a 3% decline from 1996 figures. Magyar Fejlesztesi Bank Rt. ranks No. 2 with $200, 882,000 in capital as of year-end 1997, reflecting a 12% decline from 1996 capital. The third-highest is Magyar Kulkereskedelmi Bank Rt., which posted $188,325,000 in capital as of year-end 1997, a 26% rise from 1996 figures. The list compiled by Dun & Bradstreet Hungaria Kft. likewise included information on 1997 net profit and assets, as well as return on assets.

Comment:

Is third-highest with $188,325,000 in capital as of year-end 1997, a 26% rise from 1996

Market information - general, Hungary, Financial assets, Article, OTB Bank Rt., Magyar Fejlesztesi Bank Rt., Magyar Kulkereskedelmi Bank Rt.

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Bankers stand behind Swiss secrecy law

Article Abstract:

The government of Switzerland and the banking industry have reached an agreement on the banking secrecy law. Both sides believe that the law should not be changed and that they will not be pressured by the European Union (EU) and the Organization for Economic Cooperation and Development (OECD) to do so. Swiss economic minister Pascal Couchepin said that the federal cabinet saw bankers' obligation to be discreet as vital to the legal system.

Government regulation (cont), Switzerland, Banking industry, Laws, regulations and rules

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