Austrian Erste Bank's Hungarian unit targets 20% rise in '06 net profit after record year
Erste Bank Hungary, a unit of the Austrian banking group, plans to boost its profits by 20% year on year (y/y) in 2006 after recording a record high bottom line of HUF 19.24 bln last year, with lending expansion to continue being the driver of growth, the bank's CEO said on Wednesday.
Hungarian airline Malev narrows pre-tax losses to HUF 1.3 bln in 2005, plans profits for 2006
Malev Hungarian Airlines managed to narrow pre-tax losses to HUF 1.3 bln in 2005, down from HUF 4.9 bln in 2004, although missed plans to break even, the company announced in a statement on Tuesday.
Hungarian Cetelem Bank expects consumer loan growth to slow down this year
The sharp growth in consumer loans experienced in recent years in Hungary is seen slowing down in 2006 due to changes in the economic environment, according to the head of Magyar Cetelem Bank Zrt, the country's leading provider of consumer loans.
British airport operator BAA announces staff cuts at Budapest Airport to up competitiveness
Hungarian airport operator Budapest Airport (BA), owned by the UK's BAA, on Thursday announced it would lay off 80 people at the company, and signaled that further staff reductions are needed to improve operations and stay competitive.
Hungary's OTP Bank in talks on acquiring four banks in Ukraine, Serbia and Russia
OTP Bank, Hungary's largest bank, is currently in talks on acquiring four foreign banks, Chairman and CEO Sandor Csanyi said at the bank's AGM Friday.
