Finance

Banking

Erste Says Curia, EU Court Rulings Confirm Validity of Converted FX Loans

Erste Bank confirmed that its foreign currency loan contracts – since converted into forints – remain valid, citing the Curia's...

Ratings

Scope Ratings Revises Futureal’s Outlook to Stable

Scope Ratings has affirmed the BB- issuer ratings of Futureal Development Holding Kft. and Futureal Holding B.V., revising the Outlook...

Ratings

Moody’s Upgrades Raiffeisen Bank Hungary’s Senior Unsecured Ratings

Moody's Ratings on Friday said it upgraded Raiffeisen Bank Hungary's senior unsecured ratings to Baa2 from Baa3, according to state...

MNB

Policymakers Voted Unanimously to Keep Rates on Hold at June Meeting

Members of the Monetary Council of the National Bank of Hungary (MNB) voted unanimously to keep the central bank base...

Ratings

Scope Ratings Affirms AutoWallis Credit Rating, Stable Outlook

Scope Ratings has completed the annual review of AutoWallis Plc’s credit rating, leading the independent institute to affirm the stable...

MNB

Banking System Stable Amid Global Uncertainty – Varga

Hungary's economy can count on a stable banking system amid the current global uncertainty, Mihály Varga, the governor of the...

MNB

MNB: Cooperation Among Central Banks Key for Strengthening Global Financial Stability

Increasing uncertainties have a negative impact on the economic environment of the whole of Europe and on global growth prospects,...

MNB

National Bank Monetary Council Leaves 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...

Banking

Gulyás: Gov’t to Extend Rate Freeze for Retail Borrowers

The government has decided to a extend a rate freeze on retail credit for another six months, Gergely Gulyás, the...

MNB

Parl’t Committee Clears Nominee for Central Bank Deputy Governor

Parliament's Economy Committee cleared a nominee for the position of deputy governor of the National Bank of Hungary (MNB) after...

Banking

Fitch Endorses Strength of MFB, Eximbank with Affirmed Investment-Grade Ratings

Fitch Ratings affirmed the credit ratings of both Hungarian Development Bank (MFB) and Magyar Export-Import Bank Zrt. (Eximbank Zrt.) at...

MNB

MNB to Support Gov’t Stepping up Against Fraudsters – Varga

The central bank will support the government's actions against financial fraudsters with five measures, Mihály Varga, the governor of the...

Trade

Hungary’s Service Trade Surplus Hits EUR 2.2 bln in Q1

Hungary recorded a EUR 2.2 billion surplus in its external trade in services in the first quarter of 2025, according...

Banking

Banking Association Members Turn to Constitutional Court Over Rate Freeze

Several members of the Hungarian Banking Association have asked the Constitutional Court to declare the rate freeze on retail credit...

MNB

Central 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...

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...