Finance

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...

Debt

ÁKK sells HUF 13.5 bln of 3-month T-bills at auction, below plan

The Government Debt Management Agency (ÁKK) sold HUF 13.5 billion of discount three-month T-bills at auction on Tuesday, HUF 1.5...

Banking

OTP disburses more than HUF 400 bln of prenatal baby support credit

OTP Bank, Hungaryʼs biggest commercial lender, has disbursed HUF 405 billion of prenatal baby support loans since the launch of...

Banking

New commercial bank launches operation in Lithuania

PayRay, a Lithuanian financial sector company, has started a new page of its business service activities, local media reported....

Banking

Forint liquidity of banking sector rose in September

Forint liquidity of Hungaryʼs banking sector rose in September from a month earlier, which was mainly reflected in an increase...

Debt

ÁKK sells HUF 37.5 bln of securities at auction, over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 37.5 billion of securities at auction on Wednesday, HUF 7.5...

Ratings

Fitch affirms MFB, Magyar Eximbank ratings with stable outlook

Fitch Ratings on Wednesday affirmed the "BBB" ratings of the state-owned Hungarian Development Bank (MFB) and Magyar Eximbank with stable...

Banking

OTP, Eximbank to launch HUF 25 bln private equity fund

Eximbank and OTP Bank are set to launch Regional Private Equity Fund II, with HUF 25 billion of starting capital...

Trade

Japan, Thailand lift last restrictions on Hungarian poultry imports

Japan and Thailand have lifted the last restrictions on imports of Hungarian poultry due to an outbreak of bird flu,...

Ratings

Fitch revises Latviaʼs outlook to stable

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

Banking

Eximbank conducts most successful bond auction to date

Eximbank carried out a highly successful bond issuance last week, succeeding to raise an unprecedented HUF 52 billion with the...

Trade

Surplus on external trade in goods at EUR 251 mln in August

In EUR terms, the value of exports decreased by 2.5% and that of imports by 5.4% in August 2020 compared...

Debt

Gen govʼt deficit edges up to HUF 2.270 tln at end-September

Hungaryʼs general government deficit, excluding local councils, reached approximately HUF 2.270 trillion at the end of September, edging up HUF...

Debt

Serbiaʼs public debt rises in August

Serbiaʼs public debt totaled EUR 26.6 billion at the end of August, the countryʼs Finance Ministry said in a statement...

MNB

EC proposes EUR 504 mln in SURE support for Hungary

The European Commission on Wednesday presented a proposal to the Council for a decision to grant EUR 504 million in...

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...