Finance

Banking

Romanian c. bank FX reserves rise in March

The foreign exchange (FX) reserves held by Romania's central bank, excluding gold, totaled EUR 35.709 billion at the end of...

MNB

Hungary triples gold reserves

The National Bank of Hungary (MNB) on Wednesday said it raised the country's gold reserves from 31.5 tonnes to 94.5...

Debt

Croatia c/a deficit narrows in Q4

The current account deficit in Croatia narrowed to EUR 375 million in the fourth quarter of 2020 from EUR 614...

Banking

Non-financial companies net borrowers

Non-financial companies were net borrowers in February, according to monthly banking sector data released by the National Bank of Hungary...

Debt

ÁKK sells HUF 15 bln of discount T-bills at auction, as planned

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

Banking

Hungary household savings rate rises to 15% in 2020

The gross savings rate of households and nonprofits supporting households rose to 15% in 2020 from 12% a year earlier,...

Debt

ÁKK fulfills 37% of annual issue plan by end-March

The Government Debt Management Agency (ÁKK) said it had fulfilled 37% of its annual issue plan by the end of...

MNB

Central bank keeps countercyclical capital buffer rate at 0%

The Financial Stability Board of the National Bank of Hungary (MNB) has decided to keep the countercyclical capital buffer rate...

Banking

Moody’s changes Hungarian banking system outlook to stable

Moody's Investors Service on Thursday said it changed the outlooks of five European banking systems - Hungary, Finland, Norway, Portugal...

Debt

Hungary puts 2021 deficit at 7.5% of GDP

Hungary targets a government sector deficit of 7.5% of GDP for 2021, calculated according to the European Union's accrual-based accounting...

Ratings

Polish covered bond market looks stable – Moody’s

Poland's sovereign rating is A2 (stable), reflecting strong economic resilience and financial stability, Moody's said according to a report by...

Debt

Pandemic spending lifts state debt ratio to 80.4% of GDP

Government expenditures related to the coronavirus pandemic lifted Hungary's state debt relative to GDP to 80.4% at the end of...

Debt

ÁKK sells HUF 26.5 bln of bonds at switch auction

The Government Debt Management Agency (ÁKK) sold HUF 26.5 billion of bonds maturing in 2029 and 2034, accepting ones expiring...

Debt

Estonia gross debt reached 18% of GDP in 2020

Last year, the Estonian general government deficit was 4.8% and the gross debt level was 18% of the gross domestic...

Banking

OTP board to put profit into retained earnings

The board of OTP Bank has proposed placing 90% of last year's net profit of HUF 92.5 billion into retained...

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...