Finance

Banking

Household Lending Rises as Gránit Bank Drives Digital, Green Push

Hungarian banks have ample lending capacity, but demand is split: household borrowing is growing while corporate credit lags, says Gránit...

MNB

MNB Gov Participates at Jackson Hole Economic Policy Symposium

National Bank of Hungary (MNB) governor Mihály Varga is participating at the Jackson Hole Economic Policy Symposium, hosted by the...

Finance

Business Chamber Proposes Gradually Raising VAT Exemption Threshold

The Hungarian Chamber of Commerce and Industry (MKIK) announced a proposal to gradually raise the VAT exemption threshold from an...

MNB

Central Bank Launches Retail Account Fee Comparison

The National Bank of Hungary (MNB) on Tuesday announced the launch of a fees comparison for all retail bank account...

Banking

Chamber of Commerce to Support Promotion of Certified Corporate Loans

MNB launched its certification for corporate lending products with the aim to strengthen competition in the bank sector and help...

Finance

Factoring: Fast, Flexible, and an Increasingly Popular Financing Solution

When a company needs financing, taking out a loan is not always the quickest and easiest solution. More businesses are...

Finance

MBH: Don’t Worry about the Macro, Invest in the Long Term

It’s not advisable to exit the markets; instead, the strategy should be to retain and diversify, as this leads to...

Banking

Erste Bank Hungary After-tax Profit Slips in H1

First-half after-tax profit of Austrian-owned Erste Bank fell by approximately 7% year-on-year to HUF 69.2 billion, CEO Radovan Jelasity said...

Finance

Navigating the Crosswinds: EU Banking Regulation in a Shifting Geopolitical Landscape

The EU banking sector is operating in a world marked by persistent geopolitical tension, economic fragmentation, and evolving supervisory expectations....

Banking

OTP Acknowledges EU-wide Stress Test Results

OTP Bank, Hungary's biggest commercial lender, acknowledged the results of a 2025 stress test conducted by the European Banking Authority...

Trade

Gov’t Sets up Working Group With Biggest Exporters to US

The gov't is setting up a working group with 10 strategic partner companies to counter the negative consequences of the...

MNB

Central Bank Director Joins EIOPA Management Board

Koppány Nagy, the National Bank of Hungary’s (MNB) director for Insurance, Pension Funds and Intermediaries Supervision, has been elected to...

Finance

Hungary Issues RMB 5 bln of Panda Bonds, Targeted at Chinese Institutional Investors

Hungary issued RMB 5 billion of panda bonds, targeted at Chinese institutional investors, on Tuesday, the National Economy Ministry said,...

MNB

National Bank Policymakers Leave Base Rate on Hold at 6.5%

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

Debt

Hungary Mandates Panda Bond Issue

Hungary's Government Debt Management Agency (ÁKK) on Friday said it mandated Bank of China and three other financial institutions to...

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...

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...

Net-zero Transition Becoming a Core Banking Issue

Banks have a central role to play in financing Hungary’s transition to a lower-carbon economy, not by withdrawing from carbon-intensive...