Finance

Banking

New Home Loans hit HUF 16.3 bln in March Despite Weak Demand

Families financed the purchase of new homes in substantial volumes in March, but the increase was driven by rising property...

Ratings

Concorde and MBH Investment Bank Update Analyses for AutoWallis Shares

Concorde Securities and MBH Investment Bank upheld their buy rating and updated the 12-month target price for AutoWallis Plc. shares,...

MNB

Central Bank Gov Varga Addresses German-Hungarian Business Chamber

Mihály Varga, the governor of the National Bank of Hungary (MNB), spoke at the annual general meeting of the German-Hungarian...

Banking

K&H Group Books First Quarter After-tax Profit of HUF 8 bln

K&H Group, the local unit of Belgium's KBC, had after-tax profit of HUF 8 billion in the first quarter of...

MNB

Ratesetters Track Persistence of Shifts in Service Price Dynamics, Inflation Expectations

Members of the ratesetting Monetary Council of MNB will closely follow the persistence of changes to market service price dynamics...

MNB

Central Bank Seeks to Strengthen Bourse’s Regional Role

The National Bank of Hungary (MNB), the majority owner of the Budapest Stock Exchange, wants to strengthen the bourse's regional...

Trade

Hungary Posts EUR 1.8 bln Trade Surplus in March Despite Slowing Export Growth

Hungary recorded a EUR 1.8 billion surplus in external trade in goods in March, up EUR 173 million year-over-year, according...

Banking

More Demján Sándor Program Lending Products Launched

The National Economy Ministry has announced the launch of two new lending products in the framework of the Demján Sándor...

MNB

MNB 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...

Banking

Bill on Expanding ATM Access to Also Ensure Free-of-charge Withdrawal.

A bill to be put to a vote in parliament soon will not only ensure an ATM in every settlement,...

MNB

Sustainable Price Stability in Focus of Monetary Policy – Varga

Growing geopolitical tensions have increased global risks in recent weeks, central bank governor Mihály Varga said in Washington on Friday,...

Banking

OTP Splits Chairman, CEO Roles

The board of OTP Bank, Hungary's biggest commercial lender, has decided to split the roles of chairman and CEO, chairman-CEO...

Banking

Strategic Lending and a Strong Sectoral Focus Drive UniCredit Bank’s Corporate Strategy

UniCredit Bank’s deputy CEO Giacomo Volpi and head of the corporates division Albert Hulshof outline how shifting client needs, innovative...

MNB

Varga Affirms Commitment to Price Stability at Meeting With Budapest Business Leaders

The new management of MNB is committed to achieving and maintaining price stability, while improving the efficiency of the central...

Banking

Car Loans Surge as Retail Buyers Shift From Leasing

Lower loan interest rates are driving a resurgence in traditional car loans among retail buyers, with the share of classic...

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...