Finance

Banking

Croatia’s c. bank FX reserves up in April

The foreign exchange (FX) reserves held by Croatia's central bank totaled EUR 20.4 billion at the end of April, up...

Banking

OTP signs deal to acquire Slovenia’s 2nd biggest bank

OTP Bank on Monday said it signed an agreement to acquire Nova KBM, Slovenia's second-biggest lender with 20.5% market share...

Banking

Romania’s bank lending growth up, deposits down in April

The value of Romanian banks' outstanding loans to the non-government sector grew 8.3% year-on-year to RON 293.6 billion (EUR 59.7...

Banking

Nestlé Hungária raises HUF 116.7 bln with BGS bond issue

Nestlé Hungária, the local unit of the Swiss food giant, has raised HUF 116.7 billion from the sale of bonds...

Trade

Surplus on external trade in services at EUR 826 mln in Q1

In the first quarter of 2021 service exports and imports calculated in EUR decreased by 25% and 16% respectively compared...

Banking

Bulgaria’s non-govt deposit growth slows, borrowing speeds up

Deposits of Bulgaria's non-government sector rose by 11.4% year-on-year at the end of April, to BGN 95.6 billion (EUR 48.9...

Trade

DUIHK Expects Swift Economic Recovery From COVID

The members of the German-Hungarian Chamber of Industry and Commerce (DUIHK) and other foreign investors are expecting renewed economic activity...

Trade

Bosnia’s Serb Republic trade gap narrows in Jan-Apr

The trade deficit of Bosnia's Serb Republic decreased by 15.9% year-on-year in the first four months of 2021, to BAM...

Trade

Kosovo trade gap widens in April

Kosovo's trade deficit increased by 100.5% year-on-year to EUR 323.4 million in April, the country's statistical office said. Exports (FOB)...

Trade

Rail link for HUF 30 bln East-West Gate terminal inaugurated in NE Hungary

East-West Intermodális Logisztikai on Wednesday inaugurated a rail link that will connect a HUF 30 billion intermodal logistics terminal it...

MNB

MNB buys HUF 60 bln under QE program

The National Bank of Hungary (MNB) bought HUF 60 billion of securities under its quantitative easing program in the week...

Banking

MKB Q1 earnings climb on interest income, revaluations

The first-quarter after-tax profit of MKB Bank rose to HUF 26.8 billion from HUF 1.8 bln in the base period,...

MNB

MNB policymakers keep base rate on hold 

The Monetary Council of the National Bank of Hungary (MNB) decided to leave the central bank base rate unchanged, at...

MNB

MNB launches HUF 54 bln renovation of landmark HQ

The National Bank of Hungary (MNB) announced the launch of a HUF 54 bln full-scale renovation of its headquarters on...

MNB

Corporate credit conditions little changed amid rising demand

Conditions for corporate credit were little changed in the first quarter, while demand for both short- and long-term loans grew,...

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...