BUDAPEST: Magyar Cetelem Bank and Oney Magyarország Pénzügyi Szolgáltató, which is a unit of the Cetelem group, have been fined for a combined HUF 18.5 million by the National Bank of Hungary (MNB), on charges of deficiencies affecting credit risk management, capital requirement calculation, accounting, data provision and IT security, according to reports.
According to the central bank, the charged infringements do not threaten the groupʼs operation, neither pose a systemic risk, however instructed Magyar Cetelem Bank and Oney Magyarország Pénzügyi Szolgáltató were ordered to correct the shortfalls by the end of March.
