Finance

Banking

Serbiaʼs FX reserves rise in October

The foreign exchange (FX) reserves held by Serbiaʼs central bank grew to EUR 13.1 billion (USD 15.6 billion) at the...

Debt

ÁKK sells HUF 40 bln of bonds at switch auction, as planned

The Government Debt Management Agency (AKK) sold HUF 40 billion of bonds maturing in 2029 and 2033, accepting ones expiring...

MNB

MNB certifies first ʼconsumer-friendlyʼ personal loans

The National Bank of Hungary (MNB) on Tuesday said it certified personal loan products of OTP Bank, the countryʼs biggest...

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...

Ratings

Moodyʼs upgrades Croatiaʼs credit rating

Moodyʼs Investors Service revised Croatiaʼs sovereign credit rating to ʼBa1ʼ from ʼBa2ʼ and changed the outlook to stable from positive,...

Banking

Banks, bank card companies back HUF 15,000 CVM limit

Banks and bank card companies support maintaining the HUF 15,000 cardholder verification method (CVM) limit for contactless payments even though...

MNB

MNB: Productivity gap narrows between SME and larger companies

The productivity gap between SMEs and larger companies in Hungary has narrowed in recent years, but SMEs still have catching...

Banking

Banking sector liquidity fell in October, MNB says

Forint liquidity of Hungaryʼs banking sector fell in October from a month earlier, which was mainly reflected in a decrease...

Debt

ÁKK sells HUF 85 bln of bonds at auction

The Government Debt Management Agency (ÁKK) sold a combined HUF 85 billion of bonds at auction on Thursday, HUF 10...

Debt

Financial Repression as a way out of Government Debt

Government debt was very high throughout the world before the pandemic, and is spiraling even higher during it. Les Nemethy,...

Banking

OTP Bank Romania boosts market share to 3%

The Romanian unit of Hungaryʼs OTP Bank has boosted its market share by half a percentage point to 3% in...

Debt

ÁKK sells HUF 45 bln of securities at auction, over plan

The Government Debt Management Agency (AKK) sold a combined HUF 45 billion of securities at auction on Wednesday, HUF 10...

Debt

ÁKK sells HUF 15 bln of three-month 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...

Ratings

Fitch revises Slovakiaʼs outlook to negative

Fitch Ratings changed on Friday Slovakiaʼs sovereign credit rating outlook to negative from stable and affirmed the debt grade at...

Debt

Gen govʼt deficit reaches HUF 2.604 tln at end-Oct

Hungaryʼs general government deficit, excluding local councils, reached approximately HUF 2.604 trillion at the end of October, the Finance Ministry...

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...