Finance

Banking

Serbia’s FX reserves decline in June

The foreign exchange (FX) reserves held by Serbia's central bank fell to EUR 14.1 billion at the end of June,...

Banking

Banking sector liquidity up in June

Forint liquidity of Hungary's banking sector rose in June, reflected by an increase in the average stock of lenders' overnight...

Banking

OTP testing Hungary’s 1st recycled plastic bank card

OTP Bank announced launching the trial period of an environmentally friendly bank card made of 85.5% recycled plastic, according to...

Trade

Romania trade deficit widens in May

Romania's trade deficit widened to EUR 1.772 billion in May from EUR 1.256 billion in the same month last year,...

Ratings

Moody’s upgrades Hungarian banks’ credit ratings

Moody's Investors Service upgraded five Hungarian banks' credit ratings on Tuesday, according to a report by state news wire MTI....

Debt

ÁKK sells HUF 15 bln of 3-month T-bills, in line with plan

The Government Debt Management Agency (AKK) sold HUF 15 billion of discount three-month T-bills at auction on Tuesday, in line...

Debt

Hungary sells HUF 30 bln in green bonds

Hungary sold HUF 30 billion of a 30-year green bond at auction last week, raising its original offer by HUF...

Banking

MNB fines Takarék Group HUF 32.5 mln

The National Bank of Hungary (MNB) said it fined Takarék Group HUF 32.5 million for compliance violations....

MNB

Study on central bank digital currency

The National Bank of Hungary (MNB) published a comprehensive study on central bank digital currency as a first step in...

Banking

Strong demand for K&H retail loans

Demand for K&H loans is strong, according to profitline.hu. The amount of disbursed home loans increased by 39% in the...

MNB

MNB 1st in EU to Start Tightening Cycle

As expected, the Monetary Council of the National Bank of Hungary (MNB) raised its base rate to 0.9% for the...

Trade

Czech trade balance swing to surplus

Data from the Czech statistical office on Wednesday showed that the trade balance registered a surplus of CZK 6.347 billion...

Trade

Trade surplus at EUR 97 mln in May

The surplus in external trade in goods amounted to EUR 97 million in May, as the trade volume kept expanding,...

MNB

MNB explains decision to start tightening cycle

According to the minutes from the monthly policy meeting released on the central bank's website, the decision by the Monetary...

Debt

ÁKK sells HUF 32.5 bln of bonds at switch auction, above plan

The Government Debt Management Agency (ÁKK) sold HUF 32.5 billion of bonds maturing in 2029 and 2034, accepting ones expiring...

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...