Finance

Debt

Romania’s end-May foreign debt rises

Romania’s foreign debt increased to EUR 110.896 billion at the end of May from EUR 105.873 billion at the end...

MNB

Four-quarter net lending rises to 1.2% of GDP in Q1 – MNB

Hungaryʼs four-quarter net lending rose to 1.2% of GDP in Q1, while the current account deficit stabilized at 0.8% of...

Debt

ÁKK sells HUF 25 bln of bonds at switch auction, over plan

The Government Debt Management Agency (ÁKK) sold HUF 25 billion of bonds maturing in 2026 and 2029, accepting ones expiring...

Debt

ÁKK sells HUF 20 bln of 3-month T-bills at auction, as planned

The Government Debt Management Agency (ÁKK) sold HUF 20 billion of discount three-month T-bills at auction on Tuesday, in line...

MNB

MNB fines HANIFA for unauthorized currency exchange activity

The National Bank of Hungary (MNB) has fined Budapest-based financial service provider HANIFA HUF 25 million for conducting unauthorized currency...

MNB

Govʼt securities stock climbs by HUF 335 bln in May

The stocks of securities issued by the central government rose by HUF 335 billion in May to HUF 31.617 trillion,...

Banking

Provisions push banking sector earnings down 97% in Q1

Consolidated net earnings of the Hungarian banking sector reached HUF 3 billion in Q1, dropping to just 2.7% of the...

MNB

Companies repay loans, issue bonds, make big deposits in May

After deposit withdrawals in April, companies made big bank deposits in May. They continued to repay credit overall but switched...

Debt

ÁKK sells HUF 35 bln of securities at auction, over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 35 billion of securities at auction on Wednesday, HUF 5...

Banking

Investment fund redemptions continue to moderate after March sell-off

Net redemptions of Hungarian investment fund units came to HUF 32 billion in May, declining from HUF 39 bln in...

Banking

Romanian central bank FX reserves fall in June

The foreign exchange (FX) reserves held by Romania’s central bank, excluding gold, totaled EUR 35.002 billion at the end of...

Banking

EBRD and EIB make EUR 12.5 mln of new funds available to Romanian farmers

The European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB) are providing new financing worth a...

MNB

MNB amends ʼFGS Go!ʼ scheme to help SME borrowing

The National Bank of Hungary (MNB) has decided to amend the conditions of its new ʼFunding for Growth Scheme Go!ʼ...

MNB

Surprise Move by Central Bank Rattles Forint

The Monetary Council of the National Bank of Hungary (MNB) surprised the markets with a decision that took what had...

Debt

ÁKK sells HUF 102.5 bln of bonds at auction, over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 102.5 billion of bonds at auction on Thursday, HUF 27.5...

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...