NATIONAL BANK OF HUNGARY

Business Summary

National Bank of Hungary is Hungary-based central bank. Its main tasks are: defining and implementation of monetary policy, banknotes and coins issuing, holding and management of official reserves in foreign exchange and gold, conducting foreign exchange operations related to the management of reserves, implementation of exchange rate policy, overseeing the domestic payment and securities settlement systems, collecting and publishing statistics, and establishing the macroprudential policy for the stability of financial intermediation system. Additionally, the bank is active as resolution authority and financial intermediation supervisor. It also protects consumers, facilitates operation of people and organizations in the financial intermediation system, conducts research, and organizes trainings and events in the area of financial knowledge and economy.

Country of Incorporation

Hungary

Incorporation Date

1924-06-24

Business Sector

Banking & Investment Services