{"id":5454,"date":"2025-02-26T14:29:27","date_gmt":"2025-02-26T13:29:27","guid":{"rendered":"https:\/\/mgi-bpo.hu\/?post_type=iparagak&#038;p=5454"},"modified":"2025-02-26T16:16:04","modified_gmt":"2025-02-26T15:16:04","slug":"financial-services","status":"publish","type":"iparagak","link":"https:\/\/mgi-bpo.hu\/en\/industries\/financial-services\/","title":{"rendered":"Financial services"},"content":{"rendered":"<p>Financial enterprises play a crucial role in funding the economy, particularly in vehicle, real estate, and corporate lending. As auditors, we primarily provide <a href=\"https:\/\/mgi-bpo.hu\/en\/services\/audit\/\">audit<\/a> services to financial enterprises, but we are also open to offering other professional support relevant to the sector. Our expertise and certifications enable us to deliver high-quality financial oversight and advisory services that meet regulatory requirements.<\/p>\n<p>\ud83d\udccc <strong>Key Figures on the Financial Enterprises Market (Source: MNB Statistics)<\/strong><\/p>\n<ul>\n<li>By the end of 2023, <strong>236 financial enterprises<\/strong> were operating in Hungary, reflecting a slight decline compared to previous years.<\/li>\n<li>The number of financial enterprises applying IFRS stood at <strong>10<\/strong>, with IFRS institutions representing approximately <strong>33%<\/strong> of total assets.<\/li>\n<li>Outstanding receivables from clients of financial enterprises reached <strong>HUF 2,882 billion<\/strong> by the end of 2023, marking a significant increase over previous years.<\/li>\n<li>Receivables from <strong>vehicle financing<\/strong> continued to grow, reaching <strong>HUF 1,260 billion<\/strong> in the first quarter of 2024.<\/li>\n<li>The stock of <strong>real estate financing receivables<\/strong> also expanded, exceeding <strong>HUF 240 billion<\/strong> by the end of 2023.<\/li>\n<li>The <strong>largest borrowers<\/strong> remain non-financial corporations, but lending to households and sole proprietors also represents a significant share.<\/li>\n<\/ul>\n<p><strong>Our Auditing Expertise in the Financial Sector<\/strong><\/p>\n<p>We specialize in auditing <strong>financial enterprises<\/strong>, fully understanding the unique challenges and regulatory landscape of the industry. Holding the required <strong>financial institution, issuer, and investment firm qualifications<\/strong>, we ensure our clients remain compliant with strict regulations.<\/p>\n<p>Under the authorization of the <strong>Hungarian National Bank (MNB)<\/strong>, a financial enterprise is any company that provides credit, loans, or other financial services on a commercial basis but is <strong>not classified as a bank or specialized credit institution<\/strong>. This includes:<\/p>\n<p>\u2714 <strong>Leasing companies<\/strong><br \/>\n\u2714 <strong>Factoring firms<\/strong><br \/>\n\u2714 <strong>Consumer credit providers<\/strong><br \/>\n\u2714 <strong>Loan intermediaries and debt management companies<\/strong><\/p>\n<p>The operation of financial enterprises is governed by strict <strong>legal and prudential requirements<\/strong>, which impact accounting, capital adequacy, and reporting obligations. In our audit work, we place a strong emphasis on these regulations, ensuring our clients not only comply with the expectations of the <strong>MNB and other authorities<\/strong> but also maintain a stable and sustainable operation.<\/p>\n","protected":false},"featured_media":0,"template":"","class_list":["post-5454","iparagak","type-iparagak","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Financial services - MGI-BPO<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mgi-bpo.hu\/en\/industries\/financial-services\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Financial services - MGI-BPO\" \/>\n<meta property=\"og:description\" content=\"Financial enterprises play a crucial role in funding the economy, particularly in vehicle, real estate, and corporate lending. As auditors, we primarily provide audit services to financial enterprises, but we\" \/>\n<meta property=\"og:url\" content=\"https:\/\/mgi-bpo.hu\/en\/industries\/financial-services\/\" \/>\n<meta property=\"og:site_name\" content=\"MGI-BPO\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-26T15:16:04+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/mgi-bpo.hu\/en\/industries\/financial-services\/\",\"url\":\"https:\/\/mgi-bpo.hu\/en\/industries\/financial-services\/\",\"name\":\"Financial services - MGI-BPO\",\"isPartOf\":{\"@id\":\"https:\/\/mgi-bpo.hu\/en\/#website\"},\"datePublished\":\"2025-02-26T13:29:27+00:00\",\"dateModified\":\"2025-02-26T15:16:04+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/mgi-bpo.hu\/en\/industries\/financial-services\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/mgi-bpo.hu\/en\/industries\/financial-services\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/mgi-bpo.hu\/en\/industries\/financial-services\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/mgi-bpo.hu\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Ipar\u00e1gak\",\"item\":\"https:\/\/mgi-bpo.hu\/en\/industries\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Financial services\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/mgi-bpo.hu\/en\/#website\",\"url\":\"https:\/\/mgi-bpo.hu\/en\/\",\"name\":\"MGI-BPO\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/mgi-bpo.hu\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Financial services - MGI-BPO","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/mgi-bpo.hu\/en\/industries\/financial-services\/","og_locale":"en_US","og_type":"article","og_title":"Financial services - MGI-BPO","og_description":"Financial enterprises play a crucial role in funding the economy, particularly in vehicle, real estate, and corporate lending. 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