Readings: Aug 29 2015


    >> IMF Tech Assistance Report: Hungary – Establishment of Asset Management Company – Aug’2015 1. In November 2014, the Magyar Nemzeti Bank (MNB) established the Magyar Reorganizációs és Követeléskezelő (MARK), an asset management company (AMC). This was done to help restore monetary transmission, credit growth, and economic recovery. MARK is expected to remove the overhang of commercial real estate nonperforming loans (NPLs) … Read More

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