December 18, 2018 / 7:14 AM / a month ago

CORRECTED-OFFICIAL-Hungary c.bank imposes deposit restrictions at tiny NHB Bank

(Corrects numbers of depositors affected in second paragraph)

BUDAPEST, Dec 18 (Reuters) - Hungary’s central bank has issued a 30-day restriction on the withdrawal of deposits over 7 million forints ($24,560) from tiny domestic lender NHB Bank due to a deterioration in the bank’s liquidity situation, it said in a statement on Tuesday.

The central bank, which is also the financial sector regulator in Hungary, said the restrictions would affect 67 private and 88 corporate clients. It has imposed a bank holiday at NHB Bank for Tuesday.

It said the liquidity situation at NHB posed no risks to the stability of the broader financial system in Hungary. ($1 = 285.02 forints) (Reporting by Gergely Szakacs Editing by Andrew Heavens)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below