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Discover a unique opportunity to acquire a Full Banking Licence in Hungary. This license grants the holder comprehensive banking rights, including deposit acceptance, lending, and financial services within the Hungarian mark ...
Discover a unique opportunity to acquire a Full Banking Licence in Slovenia. This license grants the holder comprehensive banking rights, including deposit acceptance, lending, and financial services within the Slovenian mar ...
Slovenia, nestled in the heart of Europe, captivates with its diverse landscapes and rich cultural heritage. Bordered by Italy, Austria, Hungary, and Croatia, this small but enchanting country boasts the stunning Julian Alps, pristine lakes, and the picturesque Adriatic coastline. Ljubljana, the capital, exudes charm with its medieval architecture and vibrant arts scene. Slovenia is a haven for outdoor enthusiasts, offering skiing in the winter, hiking and cycling in the warmer months. Its warm hospitality and culinary delights, influenced by Mediterranean and Central European flavors, make it a hidden gem for those seeking a blend of natural beauty and cultural treasures.
Discover a unique opportunity to acquire a Full Banking Licence in Hungary. This license grants the holder comprehensive banking rights, including deposit acceptance, lending, and financial services within the Hungarian market. Ideal for financial institutions or investors seeking to establish or expand their presence in Southeast Europe, this license provides a streamlined pathway to operate under Hungarian regulatory standards.
Keypoints
Regulatory Authority: The Hungarian Banking Licence is issued and overseen by the Hungarian National Bank (MNB – Magyar Nemzeti Bank), which is the central bank and primary regulator.
Legal Framework: Licensing is governed by the Act on Credit Institutions and Financial Enterprises, aligning with EU directives such as the Capital Requirements Directive (CRD IV) and Capital Requirements Regulation (CRR).
Prerequisites for Licensing: Applicants must demonstrate sufficient initial capital, a viable business plan, sound governance structures, and meet criteria related to financial stability and integrity.
Scope of Licence: It authorizes the holder to conduct banking activities such as accepting deposits, providing loans, payment services, and other financial services under Hungarian jurisdiction.
Application Process: Involves submission of comprehensive documentation including business plans, proof of initial capital, organizational structure, risk management policies, and compliance procedures.
Fit and Proper Assessment: The MNB evaluates the suitability and integrity of directors, key personnel, and major shareholders to ensure proper governance.
Supervision and Compliance: Licensed banks are subject to ongoing supervision, reporting requirements, and compliance with prudential standards, including capital adequacy and risk management.
Supervisory Measures: The MNB has authority to impose sanctions, require corrective actions, or revoke licenses if regulations are violated or financial stability is threatened.
Cross-Border Activities: Hungarian banks engaging in cross-border operations within the EU benefit from the passporting regime, but still require licensing and adherence to local regulations.
Renewal and Conditions: The banking licence is subject to periodic review, renewal, and adherence to specified conditions to maintain the license status.
