INTRODUCTION
LADIES AND GENTLEMEN,
The three volumes of the 7th edition of the Hungarian Financial and Stock Exchange Almanac contain nearly all the players of the Fiungarian financial institutional system.
The editors have sought to make listings comprehensive. Indeed, the list of credit institutions, representative offices of foreign banks in Hungary, savings co-operatives, insurance companies, voluntary mutual funds, investment fund management companies and funds, and securities traders is complete. The editors have also made an effort...
INTRODUCTION
LADIES AND GENTLEMEN,
The three volumes of the 7th edition of the Hungarian Financial and Stock Exchange Almanac contain nearly all the players of the Fiungarian financial institutional system.
The editors have sought to make listings comprehensive. Indeed, the list of credit institutions, representative offices of foreign banks in Hungary, savings co-operatives, insurance companies, voluntary mutual funds, investment fund management companies and funds, and securities traders is complete. The editors have also made an effort to make the almanac's other listings complete. If, however, the editors have failed to fully achieve this objective, it was because some of the companies enquired were in the early stages of their image building, or they were about to move offices, change their names and lines of business; or they were involved in a transformation or privatisation process; and did not make use of the opportunity of getting published in the Almanac respectively.
The editor and publisher are proud of being able to produce this Almanac without selling advertisement space - a rather remarkable accomplishment in international or Hungarian practice. The many responses received from Hungary and abroad by our editorial office seem to justify this approach. At the same time it must be noted that to promote the Almanac in local and more importantly in foreign markets and to cover extremely high printing costs, winning the support of some funds and other organizations was indispensable.
The structure of the Almanac has again changed slightly, versus last year's edition. The first of the three volumes covers credit institutions, savings co-operatives, the leasing and insurance system; the second volume introduces Exchanges, broker firms, fund managing companies (and their funds), issuers of shares listed and traded on the Budapest Stock Exchange, investment companies and consulting, auditing business information, as well as debt collecting firms; while the third volume - in addition to information about companies offering various services for the financial sector - includes important financial laws and regulations and an Index of Locations.
New chapters in the first volume of the 1996-97 edition include the Ministry of Finance, the In-vestor-Protection Fund, the Land and Mortgage Bank Ltd., building societies, the Hungarian Foundation for Enterprise Promotion and Companies Providing Services to Voluntary Mutual Insurance Funds. New chapters in the second volume cover Credit and Investment-Rating Companies and the National Association of Securities Dealers. The structure of the individual chapters has been partly changed and their contents also enlarged to varying extent. The structure of the third volume has slightly changed again. A notable unit in the third volume is the chapter introducing companies providing services in finances, insurance and stock exchange. The section covering the chambers is extremely informative, furnishing an overall picture on the economic performance self governments. After last year's experiment, we have listed almost the complete chamber system. The next section is a compilation of the most important financial important financial provisions of the law concerning the financial sector, on more than three hundred pages. This section covers laws that are closely related to the financial institutional system. Regulatory statutes have only been published if they decisively shape or influence the operation of an individual sector. The last, rather extensive chapter of the third volume is the Index of Locations, which pnDvides an alphabetical reference to the more than 2,000 components and units presented in the Almanac (financial institutions with all their directorates, branches, affiliates, offices and representatives) on two hundred two-column pages.
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