Research and Markets: The Hungarian Socialist-Led Government Appears Far From Assuming That the Profitable Banking Sector Should Have Equal Part in the Consolidation Efforts as the Other Economic Sectors.DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c45324) has announced the addition of Hungarian Banking Sector Report to their offering. The Hungarian Banking Sector Report offers an extensive summary of the most recent events related to the Hungarian banking sector. It includes a complete coverage of the latest developments as well as the latest corporate news accompanied by statistical data. Written by local analysts, it is a unique market and business intelligence analysis, tailored to save time by providing in-depth information, while helping you to make confident and informed business decisions. Contents Include: Overview Bank Sector News Q1/2006 Reporting Season Appendix The much awaited fiscal consolidation measures announced by the newly elected government in mid-June appear to may have significant negative impact on the domestic banking sector performance. The most easily identifiable effect as well as the one, which would be most certainly enacted is the so-called "solidarity tax" of 4%. The latter would be imposed on all business enterprises with annual profit above HUF HUF In currencies, this is the abbreviation for the Hungarian Forint. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 6mn, which effectively means that the corporate tax rate for the financial institutions will be raised from the hitherto 16% to 20%. So far the Hungarian Banking Association (HBA (Host Bus Adapter) See host adapter. ) has not voiced any objections to that measure, noting that domestic lenders would have to take their fair part in the overall effort to streamline public finances. However, the Socialist-led government appears far from assuming that the profitable banking sector should have equal part in the consolidation efforts as the other economic sectors. Companies Mentioned: * HBA * FHB FHB First Hawaiian Bank FHB Fusarium Head Blight FHB Family Hold Back FHB Flexor Hallucis Brevis FHB Fair Haired Boy * OTP (1) (One Time Programmable) Refers to programming content or logic into chips such as EPROMs and EEPROMs, which cannot be reversed. See antifuse. (2) (One Time P * Raiffeisenbank Ukraine * Crnogorska Komercijalna Banka Crnogorska komercijalna banka or CKB (full name: Crnogorska komercijalna banka a.d. Podgorica), (MNSE: CKBP) is a bank in Montenegro. It is owned by Hungarian OTP Bank. The bank has 20 branches and ~250 employees. The General Direcor of CKB is Milka Ljumović. * K&H Bank * KBC KBC Kenya Broadcasting Corporation KBC Kaun Banega Crorepati (Indian TV show) KBC Koahnic Broadcast Corporation (Anchorage, Alaska) KBC Keyboard Connector KBC Kill Before Capture * CIB CIB abbr. Latin cibus (food) * MKB * Unionbank * MKB Bank * Generali * Budapest Bank * ING Bank * AEB For more information visit http://www.researchandmarkets.com/reports/c45324 |
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