BUDAPEST, March 13 Hungary's central bank fined
35 banks and financial institutions a total 1.2 billion forints
($5.32 million) for unlawful hikes in fees and costs on Thursday
and ordered them to reimburse their clients.
The central bank, which also performs financial supervisory
functions, said the cost rises over a period from Jan. 1, 2012
to Dec. 31, 2013 breached the law in a number of aspects, such
as a failure by banks to inform clients properly.
The regulator imposed the biggest fines on Hungary's FHB
Bank, Budapest Bank, Austria's Erste Bank
and Raiffeisen and MKB Bank,
which received fines worth nearly 100 million forints each.
($1 = 225.56 Hungarian Forints)
(Reporting by Gergely Szakacs; Editing by Erica Billingham)