Finance

Banking

OTP Earnings Climb in Q4

Fourth-quarter consolidated after-tax profit of OTP Bank, Hungary's biggest commercial lender, reached HUF 249.7 billion, climbing 17% after adjustments according...

Trade

Hungary’s Service Trade Surplus Reaches EUR 2.7 bln in Q4 2024

Hungary’s external trade in services posted a surplus of EUR 2.7 billion in Q4 2024, up EUR 137 million from...

MNB

New MNB Governor Flags ‘Consistent’, ‘Disciplined’ Monetary Policy

Mihály Varga, the new governor of MNB, said the central bank would continue a "consistent" and "disciplined" monetary policy that...

Banking

Erste Bank Hungary Reports HUF 132 bln After-Tax Profit for 2024

Erste Bank Hungary, a subsidiary of Austria's Erste Group, posted an after-tax profit of HUF 132 billion in 2024, up...

MNB

Mihály Varga Appointed MNB Governor

Hungarian President Tamás Sulyok has appointed former Minister of Finance Mihály Varga to a six-year term as governor of the...

Trade

Hungary’s Trade Surplus Expands to EUR 903 mln in January

Hungary’s external trade in goods recorded a surplus of EUR 903 million in January 2025, improving by EUR 343 million...

Banking

K&H Bank Earnings Climb 18% in 2024

After-tax profit of K&H Bank, the local unit of Belgium's KBC, amounted to approximately HUF 129 billion in 2024, up...

Trade

Hungarian Port Development in Trieste to Operate at Full Capacity by 2028

A port development the state of Hungary is undertaking in Trieste will operate at full capacity by 2028, Ministry of...

MNB

Varga to Replace Matolcsy at the MNB in March, but What Will Change?

One of the most significant pieces of news from the world of Hungarian finance at the end of last year...

Debt

General Gov’t Deficit Close to HUF 68 bln in January

Hungary's cash flow-based general government had a HUF 67.8 bln deficit for the month of January, the National Economy Ministry...

Trade

Hungary Posts EUR 387 mln Trade Surplus as Imports Decline in December

Hungary’s external trade in goods recorded a surplus of EUR 387 million in December 2024, as imports fell at a...

MNB

Green Preferential Capital Requirement Program Extended

The Financial Stability Council of the National Bank of Hungary (MNB) has extended a preferential capital requirement scheme to support...

Finance

EIB Group Invested EUR 314 mln in Hungary Last Year

The European Investment Bank (EIB) Group's new financing in Hungary reached EUR 314 million last year, the lender said, according...

Trade

Hungary Posts EUR 819 mln Trade Surplus in November

Hungary recorded an external trade surplus of EUR 819 million in November 2024, according to a second reading of data...

Banking

MBH Bank: Extraordinary Interest in New International Bond

MBH Bank saw strong investor interest in its new int'l MREL-eligible bond this month. More than EUR 1.6 bln was...

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...