Finance

MNB

MNB weekly QE purchases steady at HUF 60 bln

The National Bank of Hungary (MNB) bought HUF 60 billion of securities in the framework of a quantitative easing program...

MNB

MNB to pay state HUF 250 bln dividend

The board of the National Bank of Hungary (MNB) on Friday decided to pay the state a HUF 250 billion...

Banking

GKI: Number of housing loan borrowers may decrease in 2021

According to GKI Economic Research, the number of borrowers of housing or construction loans may decrease this year, writes profitline.hu....

Debt

Slovak c/a balance swings to deficit in February

Slovakia's current account switched to a EUR 116.9 million deficit in February, from a EUR 198.9 million surplus in the...

Banking

Raiffeisen augurs 5% GDP growth for 2021

Hungary's GDP growth is expected to reach 5% this year, Raiffeisen Bank analyst Zoltán Török said on Wednesday, according to...

MNB

Otthon Centrum issues HUF 2.9 bln bond under BGS

Real estate broker Otthon Centrum yesterday said it issued a HUF 2.9 billion bond under the Bond Funding for Growth...

Debt

ÁKK sells HUF 34.5 bln of floaters at switch auction

The Government Debt Management Agency (ÁKK) sold HUF 34.5 billion of floating-rate bonds maturing in 2029 for ones expiring in...

Debt

Serbia c/a gap narrows sharply in February

Serbia's current account deficit narrowed sharply to USD 58.7 million in February from USD 463.8 million in the corresponding month...

MNB

MNB FX swap stock little changed after tender

The outstanding stock of the National Bank of Hungary's (MNB) FX swaps, which the central bank uses to pump liquidity...

Debt

ÁKK sells HUF 15 bln of 3-month T-bills, as planned

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

Ratings

S&P Global Ratings revises outlook on Romania to stable from negative

Standard & Poor's Global Ratings affirmed on Friday Romania's long- and short-term foreign and local currency sovereign credit ratings at...

MNB

Banking sector liquidity increased in March

Forint liquidity of the Hungarian banking sector increased in March, reflected in a rise in the average stocks of lenders'...

MNB

Serbia’s FX reserves up in March

The National Bank of Serbia's gross foreign exchange (FX) reserves stood at EUR 14,275.5 million at end-March, up by 852.8...

Debt

Lithuania c/a surplus shrinks in February

Lithuania's current account surplus narrowed to EUR 244.1 million in February from EUR 278.8 million in the corresponding month of...

Banking

Sándor Csányi re-elected chairman-CEO of OTP Bank

The board of OTP Bank, Hungary's biggest commercial lender, re-elected Sándor Csányi chairman-CEO at a meeting on Friday, according to...

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...