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Office:
József nádor tér 5-6., Budapest H-1051
Address:
H-1368 Budapest, Pf. 242.
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Phone:
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(36-1)
483
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-1866
-1867
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(36-1)
483
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-1910
-1911
-1913
-1914
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Fax:
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(36-1)
266
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-1989
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E-mail:
bankszovetseg@bankszovetseg.hu
Website:
www.bankszovetseg.hu
The emergence
of a two-tier banking system also demanded the creation of a body
to represent commercial banks.
In the autumn
of 1988, a number of the commercial banks initiated the formation
of the Hungarian Banking Association, which eventually came into
being on February 17, 1989. In accordance with the Association's
rules, membership of the Association is open to any financial institution,
which has the minimum share capital provided by law and which accepts
the rules of the Association. The Hungarian Banking Association
was founded by 22 banks and financial institutions. It
was registered by the Municipal Court of Budapest in accordance
with Para 15 (1) of Act II of 1989 on February 28, 1989.
The most important
function of the Association is to represent its members' interests
vis-a-vis third parties. To this end, working committees are established,
involving professionals from member banks.
In representing its members' interests, the Association participates
in the drafting and discussion of laws, statutes and projects that
affect the banking sector directly or indirectly. The Association
presents its opinions, developed on the basis of consensus, in Parliament,
in various government forums and while the legislation is being
drafted. It reviews monetary policy and regulatory proposals of
the National Bank of Hungary and maintains a close cooperation with
the Hungarian Financial Supervisory Authority. One of its important
functions is to cooperate with other professional organisations,
explaining to them the views of the Association on current economic,
financial and other relevant issues.
In certain specific
functions, the Association plays a coordinating role in the implementation
of bank modernisation projects. It promotes the establishment of
institutions which improve the stability and efficiency of the banking
system. It has thus had a role in the preparation of the deposit
insurance and the credit guarantee institutions, the credit rating
institution, the debtor registry and the Giro system.
The Association develops and coordinates a public relations project
to promote an objective view of the operation of the Hungarian banking
system, directed at both professionals and the public.
The
Association is represented on the Board of the National Deposit
Insurance Fund and on the Board of the Investor-Protection
Fund. The Association has 42 member credit institutes.
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