Finance

MNB

MNB renews corp. bond purchases under its BGS program in July

The National Bank of Hungary (MNB) purchased a total of HUF 33.9 billion corporate bonds under its Bond Funding for...

Trade

External trade surplus at EUR 697 mln in June

In June 2020, the surplus on external trade in goods was EUR 697 million, up EUR 201 mln year-on-year, according...

MNB

MNB intʼl reserves down EUR 628 mln in July

The international reserves of the National Bank of Hungary (MNB) stood at EUR 29.565 billion at the end of July,...

Banking

OTP Q2 profit falls on pandemic provisions

Second-quarter consolidated after-tax profit of OTP Bank, Hungaryʼs biggest commercial lender, fell 25% year-on-year to HUF 78.7 billion because of...

Debt

Croatia April gross foreign debt up month-on-month

Croatiaʼs gross foreign debt rose 1.8% month-on-month in April, reaching EUR 41.2 billion, preliminary central bank figures show....

Banking

Provisions eat up Erste Bank Hungary H1 earnings

Erste Bank Hungary broke even in the first half as provisions for expected impairment wiped out earnings, chairman-CEO Radovan Jelasity...

Debt

ÁKK sells HUF 21.5 bln of securities at auction, under plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 21.5 billion of securities at auction on Wednesday, under the...

Banking

Companies continue to make net repayments on loans in June

Corporate borrowers made net repayments of HUF 34.2 billion on their loans in June, state news wire MTI reports, citing...

Debt

ÁKK sells HUF 8 bln of 3-month T-bills at auction, below plan

The Government Debt Management Agency (ÁKK) sold HUF 8 billion of discount three-month T-bills at auction on Tuesday, HUF 12...

Ratings

Moodyʼs assigns Baa2 rating to CPI Hungary Investments and its new senior unsecured bonds

Moodyʼs Investors Service, has today assigned a Baa2 rating to CPI Hungary Investments Kft. and its new HUF 30 billion...

MNB

MNB to lower cap on interest guaranteed by life insurances

A fresh decree of the National Bank of Hungary (MNB) will lower the cap set on the so-called technical interest...

Banking

EBRD approves EUR 20 mln loan to Banca Intesa Belgrade for on-lending

The European Bank for Reconstruction and Development (EBRD) said it has approved a senior unsecured loan of up to EUR...

Trade

HEPA launches HUF 1 billion SME ʼFit for Exportʼ program

The Hungarian Export Promotion Agency (HEPA) on Friday announced the launch of a program, backed by HUF 1 billion in...

MNB

MNB: SME productivity up 30% since 2010

As a result of the rapid development of small- and medium-sized companies in the last two years, the lag compared...

Trade

Trade volume improves in May after lockdown plunge

Declines in Hungaryʼs exports and imports slowed in May after plunging during a lockdown to contain the spread of the...

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...