Finance

MNB

Hungary near EU avg in MNB Sustainability Index

Hungary scored just under the European Union average in the Sustainability Index of the National Bank of Hungary (MNB), a...

Banking

EBRD lending EUR 5 mln to Raiffeisen Bank Kosovo to support SMEs

The European Bank for Reconstruction and Development said it is providing a EUR 5 million loan to Raiffeisen Bank Kosovo...

Banking

Value of circulating currency up 11.5%

The average value of the currency in circulation in the first quarter of this year was 11.5% higher than in...

Trade

Albania Jan-Apr trade gap widens

Albania's trade deficit increased by 24% year-on-year in the first four months of 2021, reaching ALL 116 billion (USD 40.5...

MNB

MNB buys HUF 69 bln under QE program

The National Bank of Hungary (MNB) bought HUF 69 billion of securities under its quantitative easing program in the week...

Banking

Eligibility for recovery microloans expanded to suppliers 

Eligibility for interest-free microloans the government has launched to aid the economic recovery has been expanded to suppliers to businesses...

Banking

K&H: Young people saving more

The willingness of young people to save has increased, according to a survey from K&H, writes profitline.hu....

Debt

Romania end-March foreign debt falls

Romania's foreign debt decreased to EUR 123.6 billion at the end of March from EUR 125.9 bln at the end...

Debt

Q1 c/a surplus close to EUR 446 mln, preliminary data show

Hungary's current account showed a surplus of just under EUR 446 million in the first quarter, an amalgamation of preliminary...

Debt

Pandemic spending lifts state debt ratio to 81.7% of GDP

Government expenditures related to the coronavirus pandemic lifted Hungary's state debt relative to GDP to 81.7% at the end of...

Trade

ESG Goes Mainstream, Requires Action Today

There is a growing need for decision-makers to incorporate ESG (environmental, social, and governance) factors into their portfolios. Delivering sustainable...

Banking

Serbia’s FX reserves fall in April

The foreign exchange (FX) reserves held by Serbia's central bank fell to EUR 14 billion at the end of April,...

Banking

Banking sector liquidity rose April

Forint liquidity of the Hungarian banking sector grew in April, reflected by increases in the average stock of credit institutions'...

Trade

Estonia trade deficit widens in March

Estonia's trade deficit widened to EUR 186 million in March from EUR 152 million in the same month last year,...

Banking

K&H Bank Q1 profit climbs to HUF 12.6 bln

K&H Bank had consolidated first-quarter after-tax profit of HUF 12.6 billion, up 19% year-on-year after adjustments for extraordinary items, the...

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...