Finance

Banking

MFB makes HUF 1.7 tln of new financing in 2020

The state-owned Hungarian Development Bank (MFB) and its affiliates have committed more than HUF 1.7 trillion of new financing in...

Banking

EIF, Raiffeisenbank Serbia sign loan guarantee deal to back SMEs

Raiffeisenbank’s Serbian unit has signed a EUR 60 million (USD 73.4 million) loan guarantee agreement with the European Investment Fund...

Banking

Banking assoc asks borrowers who aren’t distressed to ‘think through’ moratorium

The Hungarian Banking Association asks borrowers who aren't distressed to "think through" participation in a six-month extension of the moratorium...

MNB

MNB 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...

Debt

Gen gov’t deficit reaches HUF 3.298 tln at end-November, FinMin confirms

Hungary's cash flow-based general government deficit, excluding local councils, reached HUF 3.298 trillion at the end of November, lifted by...

MNB

Prolonged recovery likely to have ‘persistent’ disinflationary effects

A slow economic recovery from the coronavirus crisis is likely to cause "persistent" disinflationary effects in Hungary, but "volatile" pricing...

Banking

Bank card purchases up 15% in Q3

Purchases made in Hungary with locally issued bank cards came to HUF 1.837 trillion in the third quarter, up 15%...

Debt

Romania’s public external debt up in Jan-Oct

Romania's gross external debt increased by EUR 9.2 billion in the first ten months of the year, to a total...

Banking

Magyar Bankholding, new banking sector runner-up, starts operation

Magyar Bankholding, the 2nd largest banking group in Hungary, started effective operation on Tuesday, after the National Bank of Hungary...

Banking

Delta Technologies signs for HUF 1 bln credit line with OTP

Listed company Delta Technologies, formerly called EST MEDIA, said on Tuesday that it and its two units Delta Systems and...

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...

Banking

EBRD lends EUR 5 mln to OTP Bank in Albania

The European Bank for Reconstruction and Development is providing a EUR 5 million loan to OTP Bank Albania to improve...

Banking

Banking sector liquidity up in November – MNB

Forint liquidity of Hungary's banking sector rose in November from a month earlier, which was mainly reflected in an increase...

MNB

MNB signs agreement with monetary authority of Singapore

The National Bank of Hungary (MNB) yesterday said had it signed a cooperation agreement with the Monetary Authority of Singapore...

Banking

IIB outlays in Hungary reach nearly HUF 400 mln

Outlays of the International Investment Bank (IIB) in Hungary add up to almost EUR 400 million since 2015, the lenderʼs...

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...