Finance

MNB

MNB: Next quarterly report will be a ‘milestone’

The next quarterly Inflation Report of the National Bank of Hungary (MNB), due out late in September, will be a...

Banking

Corporate lending growth reaches 7.4% in Q2

Corporate lending growth in Hungary reached an annualized 7.4% in Q2, the second-highest rate in the European Union, after Romania,...

Trade

Croatia trade gap widens in Jan-July

Croatia's trade deficit increased to HRK 39.889 billion (EUR 5.3 billion) in the first seven months of 2021, compared with...

Trade

Romania trade deficit widens in July

Romania's trade deficit increased to EUR 2.185 billion in July from EUR 1.324 billion in the same month last year,...

Banking

Magyar Bankholding buys up 1/4 of BGS bonds

Magyar Bankholding members Budapest Bank, MKB Bank and Takarék Group have subscribed 25% of bonds issued in the framework of...

Banking

Demand for personal loans at pre-crisis levels

According to Bank360.hu, the demand for unsecured personal loans is again at the pre-COVID crisis level....

Debt

ÁKK sells HUF 76.5 bln of bonds at auction

The Government Debt Management Agency (ÁKK) sold a combined HUF 76.5 billion of bonds at auction on Thursday, HUF 24.5...

Trade

Seed exports below average in 2020

Hungary's seed exports reached 81,357 tonnes last year, under the 100,000 tonne average in previous years, the Hungarian Seed Association...

Debt

Serbia public debt rises at end-July

Serbia's public debt stood at EUR 28.36 billion at the end of July, accounting for 55.2% of GDP, Tanjug reported...

Banking

Hungary banking sector profits jump on lower provisions

First-half after-tax profit of Hungarian banks rose 297% year-on-year to HUF 405 billion on a big decline in provisions and...

MNB

Rate-setters conclude further tightening ‘warranted’

Members of the Monetary Council of the National Bank of Hungary (MNB) "unanimously argued" to continue a rate-hike cycle at...

Banking

K&H Group earnings rise 22% in H1

First-half consolidated earnings of Hungary's K&H Group earnings rise 22% in H1, a unit of Belgium's KBC, climbed 22% year-on-year...

Debt

Stimulus lifts gen gov’t deficit to HUF 1.901 tln in August

Hungary's cash flow-based general government deficit, excluding local councils, reached almost HUF 1.901 tln at the end of August, widening...

Trade

Deficit on external trade in goods at EUR 193 mln in July

The deficit on external trade in goods stood at EUR 193 million in July 2021, according to data by the...

MNB

Plus bond stock climbs over HUF 6 tln

Outstanding stock of the Hungarian Government Securities Plus bond for retail investors has passed the HUF 6 trillion mark, Finance...

Banking

OTP Says Exposure Limited as Paraguay’s Ueno Bank Enters Insolvency

OTP Bank said its USD 47 million investment in Paraguay’s Ueno Bank represents a small exposure for the Hungarian lender...

Ratings

Fitch Sees Hungary’s Deficit Narrowing but Debt Burden Rising

Hungary’s budget deficit is expected to narrow and growth to accelerate in 2027, but rising debt and fiscal vulnerabilities continue...

MNB

MNB Cites Global Uncertainty Behind September Rate Hold

Global economic uncertainty constrained Hungary’s monetary policy room for maneuver, the National Bank of Hungary’s (MNB) Monetary Council agreed at...

OTP Says Exposure Limited as Paraguay’s Ueno Bank Enters Insolvency

OTP Bank said its USD 47 million investment in Paraguay’s Ueno Bank represents a small exposure for the Hungarian lender...

What Happens Next to What We’ve Built? New Challenges in Family Wealth Planning

Building a successful family business takes decades of work, but its future also depends on how carefully the transfer of...

Hungarian Banks Seek Gradual Reduction in 45% Effective Tax Burden

Hungarian banks hope for a “slow but certain” reduction in their tax burden, Hungarian Banking Association President Radovan Jelasity said...

MNB Probe Widens as International Arrest Warrant Issued for Ádám Matolcsy

International arrest warrants have been issued for Ádám Matolcsy, son of former Hungarian central bank Governor György Matolcsy, and businessman...

MNB Holds Base Rate at 5.5%, Maintains Symmetric Interest Rate Corridor

The Monetary Council of the National Bank of Hungary (MNB) left the base rate unchanged at 5.5% at its monthly...

Gránit Bank Hit by Largest Loan Loss Provision in Its History

Gránit Bank reported an additional approximately HUF 9.4 billion loan loss provision in the third quarter of 2026, the largest...

Fitch Sees Hungary’s Deficit Narrowing but Debt Burden Rising

Hungary’s budget deficit is expected to narrow and growth to accelerate in 2027, but rising debt and fiscal vulnerabilities continue...

MNB Cites Global Uncertainty Behind September Rate Hold

Global economic uncertainty constrained Hungary’s monetary policy room for maneuver, the National Bank of Hungary’s (MNB) Monetary Council agreed at...

MNB International Reserves Fall to EUR 62.1 bln in September

The National Bank of Hungary’s (MNB) international reserves stood at EUR 62.061 bln at the end of September, down EUR...

K&H Bank and Mastercard Extend Strategic Partnership Through 2030

K&H Bank and Mastercard have extended their exclusive strategic partnership through 2030, with plans to expand personalized digital financial services...

OTP Forecasts Hungary’s GDP Growth at 1.7% in 2026, 2.5% in 2027

Hungary’s economy could expand by 1.7% this year and 2.5% in 2027, with household consumption driving growth in 2026, according...

Hungary Posts EUR 481 mln Trade Deficit as Import Volumes Jump 13%

Hungary recorded a EUR 481 million goods trade deficit in August as import volumes rose 13% year-on-year while export volumes...

Bayer Construct Gets Default Ratings After Bankruptcy Protection Filing

Scope Ratings has assigned default ratings to Bayer Construct following its bankruptcy protection filing, citing financial pressure linked partly to...

Former Central Bank Governor Matolcsy Questioned as Suspect in Erste Case

Police have questioned seven suspects, including former National Bank of Hungary Governor György Matolcsy, in an investigation into alleged abuse...

MNB to Lower Inflation Target to 2.5% From 2028, Holds Base Rate at 5.5%

The National Bank of Hungary (MNB) will lower its inflation target to 2.5% from Jan. 1, 2028, while retaining its...